17,100 Shares in Hanmi Financial Co. (NASDAQ:HAFC) Purchased by one8zero8 LLC

one8zero8 LLC acquired a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 17,100 shares of the bank's stock, valued at approximately $404,000. one8zero8 LLC owned 0.06% of Hanmi Financial as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of 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 buying an additional 747 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Hanmi Financial in the third quarter worth $28,000. R Squared Ltd bought a new stake in shares of Hanmi Financial in the fourth quarter worth $43,000. Versant Capital Management Inc increased its stake in shares of Hanmi Financial by 110.7% in the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock worth $47,000 after buying an additional 1,035 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Hanmi Financial by 17.0% in the fourth quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank's stock worth $195,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company's stock.

Analyst Ratings Changes

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

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Hanmi Financial Stock Performance

Shares of HAFC traded up $0.04 during midday trading on Thursday, hitting $22.10. 224,413 shares of the stock traded hands, compared to its average volume of 183,481. Hanmi Financial Co. has a 1-year low of $14.45 and a 1-year high of $27.59. The firm has a market capitalization of $667.33 million, a PE ratio of 10.78 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The business's 50 day moving average price is $23.27 and its two-hundred day moving average price is $22.72.

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

Hanmi Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 4.89%. This is an increase from Hanmi Financial's previous quarterly dividend of $0.25. Hanmi Financial's dividend payout ratio is presently 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.