Sanctuary Advisors LLC trimmed its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC – Free Report) by 7.9% in the fourth quarter, HoldingsChannel reports. The firm owned 35,780 shares of the bank’s stock after selling 3,065 shares during the quarter. Sanctuary Advisors LLC’s holdings in Hanmi Financial were worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Hanmi Financial during the third quarter worth approximately $28,000. R Squared Ltd acquired a new position in Hanmi Financial in the 4th quarter valued at $43,000. Versant Capital Management Inc increased its position in 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 buying an additional 1,035 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Hanmi Financial during the third quarter worth $49,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Hanmi Financial in the third quarter valued at about $220,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.
Hanmi Financial Trading Up 0.6 %
HAFC opened at $23.64 on Friday. The stock has a market capitalization of $713.83 million, a price-to-earnings ratio of 11.53 and a beta of 0.88. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. Hanmi Financial Co. has a twelve month low of $14.45 and a twelve month high of $27.59. The company has a 50-day simple moving average of $23.52 and a 200 day simple moving average of $22.37.
Hanmi Financial (NASDAQ:HAFC – Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. Analysts predict that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.
Hanmi Financial Increases Dividend
The firm also recently announced 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. The ex-dividend date was Monday, February 10th. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 4.57%. Hanmi Financial’s dividend payout ratio is presently 52.68%.
Analyst Ratings Changes
HAFC has been the topic of a number of recent research reports. Janney Montgomery Scott raised shares of 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 from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Finally, DA Davidson reiterated a “neutral” rating and issued a $27.50 price target on shares of Hanmi Financial in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.75.
View Our Latest Report on Hanmi Financial
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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