Aigen Investment Management LP purchased a new stake in shares of Hanmi Financial Corp (NASDAQ:HAFC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,770 shares of the bank’s stock, valued at approximately $195,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Hanmi Financial by 48.3% during the third quarter. Russell Investments Group Ltd. now owns 18,201 shares of the bank’s stock valued at $341,000 after purchasing an additional 5,927 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Hanmi Financial by 32.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,651 shares of the bank’s stock valued at $371,000 after buying an additional 4,032 shares during the period. State of Tennessee Treasury Department increased its holdings in Hanmi Financial by 72.0% in the 3rd quarter. State of Tennessee Treasury Department now owns 22,513 shares of the bank’s stock valued at $423,000 after buying an additional 9,426 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Hanmi Financial by 125.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 23,761 shares of the bank’s stock valued at $446,000 after buying an additional 13,235 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Hanmi Financial by 15.1% in the 2nd quarter. Royal Bank of Canada now owns 20,854 shares of the bank’s stock valued at $464,000 after buying an additional 2,735 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.
HAFC has been the topic of several recent research reports. ValuEngine upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 30th. Zacks Investment Research cut shares of Hanmi Financial from a “hold” rating to a “sell” rating in a research note on Thursday, January 30th. Finally, BidaskClub downgraded Hanmi Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Hanmi Financial presently has a consensus rating of “Hold” and an average price target of $21.50.
Shares of HAFC stock opened at $17.63 on Friday. The stock’s fifty day simple moving average is $18.77 and its 200 day simple moving average is $19.00. Hanmi Financial Corp has a one year low of $16.30 and a one year high of $24.09. The firm has a market cap of $558.50 million, a price-to-earnings ratio of 16.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.98.
Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.33). The company had revenue of $50.65 million for the quarter, compared to analyst estimates of $50.60 million. Hanmi Financial had a return on equity of 5.79% and a net margin of 11.95%. On average, research analysts anticipate that Hanmi Financial Corp will post 1.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Monday, February 3rd will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Friday, January 31st. Hanmi Financial’s payout ratio is 90.57%.
Hanmi Financial Company Profile
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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