Loomis Sayles & Co. L P Acquires Shares of 180,429 Hanmi Financial Co. (NASDAQ:HAFC)

Loomis Sayles & Co. L P acquired a new position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 180,429 shares of the bank's stock, valued at approximately $4,262,000. Loomis Sayles & Co. L P owned about 0.60% of Hanmi Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAFC. Intech Investment Management LLC lifted its holdings in shares of Hanmi Financial by 1.1% in the 3rd quarter. Intech Investment Management LLC now owns 37,706 shares of the bank's stock worth $701,000 after acquiring an additional 414 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Hanmi Financial by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock worth $25,000 after purchasing an additional 747 shares during the last quarter. Savant Capital LLC boosted its position in Hanmi Financial by 4.4% during the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock valued at $431,000 after buying an additional 776 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Hanmi Financial by 1.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,303 shares of the bank's stock valued at $1,944,000 after buying an additional 877 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Hanmi Financial by 110.7% during the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock valued at $47,000 after buying an additional 1,035 shares during the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

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Hanmi Financial Trading Down 0.5 %

HAFC traded down $0.12 during midday trading on Tuesday, reaching $22.54. 232,727 shares of the company's stock traded hands, compared to its average volume of 201,632. Hanmi Financial Co. has a 52 week low of $14.45 and a 52 week high of $27.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a fifty day moving average of $23.32 and a two-hundred day moving average of $22.96. The stock has a market capitalization of $680.62 million, a price-to-earnings ratio of 11.00 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, equities analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.27 per share. This is a positive change from Hanmi Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.79%. Hanmi Financial's payout ratio is presently 52.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HAFC shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $29.00 target price (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. DA Davidson reissued a "neutral" rating and set a $27.50 price objective on shares of Hanmi Financial in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hanmi Financial currently has a consensus rating of "Hold" and a consensus target price of $25.75.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.