Y Intercept Hong Kong Ltd decreased its stake in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 73.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,344 shares of the bank's stock after selling 30,609 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Hanmi Financial were worth $268,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC boosted its stake in Hanmi Financial by 1.1% during the third quarter. Intech Investment Management LLC now owns 37,706 shares of the bank's stock valued at $701,000 after buying an additional 414 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Hanmi Financial by 4.4% in the 4th quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock valued at $431,000 after purchasing an additional 776 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Hanmi Financial by 110.7% during the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock worth $47,000 after acquiring an additional 1,035 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Hanmi Financial by 0.6% during the 3rd quarter. Royce & Associates LP now owns 192,802 shares of the bank's stock worth $3,586,000 after acquiring an additional 1,089 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of 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 worth $195,000 after acquiring an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company's stock.
Hanmi Financial Trading Down 0.9 %
HAFC traded down $0.20 during trading on Friday, hitting $22.44. 141,962 shares of the stock were exchanged, compared to its average volume of 187,017. Hanmi Financial Co. has a 1 year low of $14.45 and a 1 year high of $27.59. The firm has a 50 day simple moving average of $23.47 and a 200 day simple moving average of $22.57. The firm has a market cap of $677.60 million, a price-to-earnings ratio of 10.95 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00.
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 (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current year.
Hanmi Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a $0.27 dividend. 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.81%. Hanmi Financial's dividend payout ratio (DPR) is presently 52.68%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. DA Davidson reissued a "neutral" rating and set a $27.50 price target on shares of Hanmi Financial in a research note on Thursday, January 30th. Janney Montgomery Scott upgraded Hanmi Financial from a "neutral" rating to a "buy" rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.75.
Get Our Latest Stock Report on Hanmi Financial
About Hanmi Financial
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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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