Foundry Partners LLC Buys 30,805 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Foundry Partners LLC raised its holdings in Hanmi Financial Co. (NASDAQ:HAFC) by 69.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,390 shares of the bank’s stock after purchasing an additional 30,805 shares during the period. Foundry Partners LLC owned 0.25% of Hanmi Financial worth $1,463,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HAFC. AQR Capital Management LLC lifted its holdings in shares of Hanmi Financial by 59.9% in the 3rd quarter. AQR Capital Management LLC now owns 388,875 shares of the bank’s stock worth $6,311,000 after acquiring an additional 145,703 shares during the last quarter. American Century Companies Inc. grew its position in shares of Hanmi Financial by 10.8% in the 3rd quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock worth $5,825,000 after buying an additional 35,104 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Hanmi Financial by 107.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock worth $4,734,000 after buying an additional 150,861 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Hanmi Financial by 1.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 208,574 shares of the bank’s stock worth $3,385,000 after buying an additional 3,494 shares during the period. Finally, Barclays PLC grew its position in shares of Hanmi Financial by 18.0% in the 3rd quarter. Barclays PLC now owns 70,248 shares of the bank’s stock worth $1,141,000 after buying an additional 10,720 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Hanmi Financial Stock Performance

Shares of HAFC stock opened at $15.21 on Tuesday. Hanmi Financial Co. has a one year low of $13.35 and a one year high of $20.31. The company’s 50-day moving average is $15.21 and its 200 day moving average is $16.45. The company has a market capitalization of $460.56 million, a price-to-earnings ratio of 5.81 and a beta of 0.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.01.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Hanmi Financial had a net margin of 19.84% and a return on equity of 11.88%. The company had revenue of $59.82 million for the quarter, compared to the consensus estimate of $63.43 million. Sell-side analysts expect that Hanmi Financial Co. will post 2.15 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend was Friday, February 2nd. Hanmi Financial’s dividend payout ratio (DPR) is 38.17%.

Analysts Set New Price Targets

HAFC has been the topic of a number of recent research reports. Wedbush reduced their target price on shares of Hanmi Financial from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods reduced their target price on shares of Hanmi Financial from $20.00 to $18.50 and set a “market perform” rating on the stock in a research report on Wednesday, January 24th.

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.