Versor Investments LP Buys Shares of 22,100 Hanmi Financial Co. (NASDAQ:HAFC)

Versor Investments LP acquired a new position in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,100 shares of the bank's stock, valued at approximately $411,000. Versor Investments LP owned 0.07% of Hanmi Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HAFC. The Manufacturers Life Insurance Company lifted its holdings in shares of Hanmi Financial by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,568 shares of the bank's stock worth $193,000 after purchasing an additional 911 shares during the period. EMC Capital Management boosted its stake in Hanmi Financial by 8.9% during the first quarter. EMC Capital Management now owns 11,768 shares of the bank's stock worth $187,000 after buying an additional 958 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Hanmi Financial by 47.0% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank's stock worth $63,000 after buying an additional 1,207 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Hanmi Financial by 10.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,559 shares of the bank's stock valued at $280,000 after purchasing an additional 1,730 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Hanmi Financial by 3.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 54,423 shares of the bank's stock valued at $866,000 after purchasing an additional 2,004 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Janney Montgomery Scott upgraded Hanmi Financial from a "neutral" rating to a "buy" rating in a report on Friday. Wedbush reiterated a "neutral" rating and issued a $21.00 price objective on shares of Hanmi Financial in a report on Wednesday, October 23rd. DA Davidson increased their price objective on Hanmi Financial from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Piper Sandler raised Hanmi Financial from a "neutral" rating to an "overweight" rating and upped their target price for the company from $20.00 to $25.50 in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods raised Hanmi Financial from a "market perform" rating to an "outperform" rating and upped their target price for the company from $20.00 to $22.00 in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $22.63.

Hanmi Financial Stock Up 1.2 %

Shares of HAFC traded up $0.30 during midday trading on Friday, reaching $25.65. 200,022 shares of the company were exchanged, compared to its average volume of 233,744. The stock has a 50-day moving average price of $20.60 and a 200-day moving average price of $18.44. The company has a market cap of $774.63 million, a price-to-earnings ratio of 12.19 and a beta of 0.84. Hanmi Financial Co. has a 1-year low of $14.45 and a 1-year high of $26.30. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Hanmi Financial had a return on equity of 8.87% and a net margin of 14.80%. The business had revenue of $108.86 million during the quarter, compared to the consensus estimate of $59.23 million. During the same period in the previous year, the firm posted $0.62 earnings per share. Research analysts expect that Hanmi Financial Co. will post 2.01 earnings per share for the current year.

Hanmi Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Monday, November 4th. Hanmi Financial's dividend payout ratio is currently 48.08%.

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.