Versor Investments LP cut its position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 52.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,600 shares of the bank's stock after selling 11,500 shares during the period. Versor Investments LP's holdings in Hanmi Financial were worth $250,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAFC. Point72 DIFC Ltd purchased a new position in shares of Hanmi Financial during the 3rd quarter valued at approximately $28,000. R Squared Ltd purchased a new position in Hanmi Financial during the fourth quarter valued at $43,000. Versant Capital Management Inc grew its position 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 valued at $47,000 after purchasing an additional 1,035 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Hanmi Financial during the 3rd quarter worth about $49,000. Finally, New York State Common Retirement Fund lifted its stake in Hanmi Financial by 17.0% in 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. Institutional investors and hedge funds own 88.66% of the company's stock.
Hanmi Financial Trading Down 0.9 %
Shares of NASDAQ HAFC traded down $0.20 during mid-day trading on Friday, reaching $22.44. 141,962 shares of the company's stock were exchanged, compared to its average volume of 187,017. The company's 50-day moving average is $23.49 and its 200-day moving average is $22.55. 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 firm has a market capitalization of $677.60 million, a price-to-earnings ratio of 10.95 and a beta of 0.88. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59.
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 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%. Analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.
Hanmi Financial Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.81%. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 10th. Hanmi Financial's dividend payout ratio is 52.68%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on HAFC shares. Janney Montgomery Scott upgraded Hanmi Financial from a "neutral" rating to a "buy" rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods reaffirmed 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. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $27.50 price target on shares of Hanmi Financial in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Hanmi Financial currently has a consensus rating of "Hold" and an average price target of $25.75.
Check Out Our Latest Analysis on HAFC
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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