Salzhauer Michael Sells 35,466 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Salzhauer Michael trimmed its position in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,143 shares of the bank's stock after selling 35,466 shares during the quarter. Hanmi Financial makes up 0.5% of Salzhauer Michael's portfolio, making the stock its 25th biggest position. Salzhauer Michael owned 0.23% of Hanmi Financial worth $1,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Hanmi Financial by 71.8% in 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 period. Barclays PLC increased its position in Hanmi Financial by 74.0% in the third quarter. Barclays PLC now owns 67,158 shares of the bank's stock worth $1,248,000 after purchasing an additional 28,561 shares during the period. Jane Street Group LLC increased its position in Hanmi Financial by 24.7% in 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 during the period. Sanctuary Advisors LLC acquired a new stake in Hanmi Financial in the second quarter worth about $534,000. Finally, Versant Capital Management Inc increased its position in 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 purchasing an additional 1,035 shares during the period. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Stock Up 0.8 %

Shares of NASDAQ:HAFC traded up $0.19 during trading on Thursday, hitting $24.38. 88,158 shares of the company's stock traded hands, compared to its average volume of 181,733. Hanmi Financial Co. has a 52 week low of $14.45 and a 52 week high of $27.59. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $736.28 million, a price-to-earnings ratio of 11.89 and a beta of 0.88. The company has a 50-day moving average price of $23.82 and a 200-day moving average price of $22.01.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. As a group, research analysts forecast that Hanmi Financial Co. will post 2.45 EPS for the current fiscal year.

Hanmi Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Monday, February 10th. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. Hanmi Financial's payout ratio is 48.78%.

Analyst Ratings Changes

A number of analysts recently commented on the company. DA Davidson reiterated a "neutral" rating and issued a $27.50 price objective on shares of Hanmi Financial in a research report on Thursday, January 30th. Piper Sandler upgraded Hanmi Financial from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $20.00 to $25.50 in a report on Thursday, October 24th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $29.00 target price (up previously from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Janney Montgomery Scott upgraded Hanmi Financial from a "neutral" rating to a "buy" rating in a report on Friday, November 15th. Finally, Wedbush restated a "neutral" rating and set a $21.00 target price on shares of Hanmi Financial in a report on Wednesday, October 23rd. Three 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, the company presently has an average 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.