LSV Asset Management Grows Position in Hanmi Financial Co. (NASDAQ:HAFC)

LSV Asset Management lifted its position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,183,181 shares of the bank's stock after purchasing an additional 47,700 shares during the quarter. LSV Asset Management owned 3.92% of Hanmi Financial worth $27,947,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock valued at $15,552,000 after buying an additional 349,339 shares in the last quarter. Barclays PLC raised its position in Hanmi Financial by 74.0% during the third quarter. Barclays PLC now owns 67,158 shares of the bank's stock worth $1,248,000 after acquiring an additional 28,561 shares during the period. Amundi lifted its holdings in Hanmi Financial by 213.3% during the fourth quarter. Amundi now owns 15,115 shares of the bank's stock valued at $338,000 after purchasing an additional 10,290 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Hanmi Financial by 24.7% during the third quarter. Jane Street Group LLC now owns 60,051 shares of the bank's stock worth $1,117,000 after purchasing an additional 11,911 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hanmi Financial by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock worth $11,553,000 after purchasing an additional 41,020 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a "neutral" rating and issued a $27.50 price objective on shares of Hanmi Financial in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.75.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC traded down $0.01 during midday trading on Thursday, hitting $21.39. The company had a trading volume of 48,324 shares, compared to its average volume of 215,095. The business's 50-day simple moving average is $22.58 and its 200-day simple moving average is $23.09. The stock has a market cap of $646.64 million, a price-to-earnings ratio of 10.43 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. Hanmi Financial Co. has a twelve month low of $14.48 and a twelve month high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a $0.27 dividend. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 10th. This represents a $1.08 annualized dividend and a dividend yield of 5.05%. Hanmi Financial's dividend payout ratio is 52.68%.

Hanmi Financial Company Profile

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.