15,424 Shares in Hanmi Financial Co. (NASDAQ:HAFC) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,424 shares of the bank's stock, valued at approximately $364,000. Proficio Capital Partners LLC owned approximately 0.05% of Hanmi Financial at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HAFC. JPMorgan Chase & Co. raised its stake in shares of Hanmi Financial by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock worth $15,552,000 after purchasing an additional 349,339 shares during the last quarter. FMR LLC raised its position in Hanmi Financial by 26.1% during the 3rd quarter. FMR LLC now owns 879,979 shares of the bank's stock worth $16,368,000 after buying an additional 182,164 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Hanmi Financial by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock worth $11,553,000 after acquiring an additional 41,020 shares during the period. Barclays PLC boosted its holdings in shares of Hanmi Financial by 74.0% in the third quarter. Barclays PLC now owns 67,158 shares of the bank's stock valued at $1,248,000 after acquiring an additional 28,561 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new position in shares of Hanmi Financial during the third quarter worth about $309,000. Hedge funds and other institutional investors own 88.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HAFC shares. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $29.00 price objective (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. DA Davidson reissued a "neutral" rating and issued a $27.50 price target 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, Hanmi Financial has an average rating of "Hold" and a consensus price target of $25.75.

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Hanmi Financial Price Performance

Shares of NASDAQ HAFC traded down $0.28 during midday trading on Friday, hitting $22.58. The company had a trading volume of 200,539 shares, compared to its average volume of 201,401. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $23.32 and a two-hundred day simple moving average of $22.90. Hanmi Financial Co. has a twelve month low of $14.45 and a twelve month high of $27.59. The firm has a market capitalization of $681.83 million, a price-to-earnings ratio of 11.01 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.27 dividend. 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 annualized dividend and a yield of 4.78%. Hanmi Financial's dividend payout ratio is 52.68%.

Hanmi Financial 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.