Proficio Capital Partners LLC bought 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 disclosure with the Securities & Exchange Commission. The institutional investor bought 15,424 shares of the bank's stock, valued at approximately $364,000. Proficio Capital Partners LLC owned about 0.05% of Hanmi Financial as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of HAFC. Intech Investment Management LLC grew its position in Hanmi Financial by 1.1% in the 3rd quarter. Intech Investment Management LLC now owns 37,706 shares of the bank's stock valued at $701,000 after acquiring an additional 414 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Hanmi Financial by 4.4% in the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock worth $431,000 after purchasing an additional 776 shares during the last quarter. Versant Capital Management Inc increased its stake in Hanmi Financial by 110.7% in the 4th 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 period. Royce & Associates LP increased its stake in Hanmi Financial by 0.6% in the 3rd quarter. Royce & Associates LP now owns 192,802 shares of the bank's stock worth $3,586,000 after buying an additional 1,089 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Hanmi Financial by 17.0% during the 4th quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank's stock valued at $195,000 after buying an additional 1,200 shares in the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.
Hanmi Financial Stock Up 1.2 %
HAFC stock traded up $0.25 during trading on Tuesday, hitting $21.77. 182,422 shares of the company's stock traded hands, compared to its average volume of 187,364. The business has a fifty day simple moving average of $23.43 and a two-hundred day simple moving average of $22.64. 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 firm has a market capitalization of $657.37 million, a P/E ratio of 10.62 and a beta of 0.87. Hanmi Financial Co. has a 1 year low of $14.45 and a 1 year high of $27.59.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share 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%. Sell-side analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current year.
Hanmi Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.96%. The ex-dividend date was Monday, February 10th. This is a positive change from Hanmi Financial's previous quarterly dividend of $0.25. Hanmi Financial's payout ratio is 52.68%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on HAFC. Janney Montgomery Scott raised shares of Hanmi Financial from a "neutral" rating to a "buy" rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $29.00 target price (up from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Finally, DA Davidson reiterated a "neutral" rating and issued a $27.50 target price on shares of Hanmi Financial in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $25.75.
Check Out Our Latest Stock Report on Hanmi Financial
Hanmi Financial Company Profile
(
Free Report)
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.
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