Versant Capital Management Inc Increases Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Versant Capital Management Inc lifted its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 110.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,970 shares of the bank’s stock after buying an additional 1,035 shares during the quarter. Versant Capital Management Inc’s holdings in Hanmi Financial were worth $47,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAFC. AQR Capital Management LLC boosted its stake in Hanmi Financial by 32.2% in the second quarter. AQR Capital Management LLC now owns 1,072,772 shares of the bank’s stock valued at $17,937,000 after acquiring an additional 261,545 shares in the last quarter. FMR LLC boosted its position in shares of Hanmi Financial by 26.1% in the 3rd quarter. FMR LLC now owns 879,979 shares of the bank’s stock valued at $16,368,000 after purchasing an additional 182,164 shares during the period. JPMorgan Chase & Co. grew its stake in Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock worth $15,552,000 after buying an additional 349,339 shares during the last quarter. American Century Companies Inc. grew its stake in Hanmi Financial by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 578,155 shares of the bank’s stock worth $9,667,000 after buying an additional 82,087 shares during the last quarter. Finally, Stieven Capital Advisors L.P. lifted its stake in Hanmi Financial by 20.6% in the third quarter. Stieven Capital Advisors L.P. now owns 571,053 shares of the bank’s stock valued at $10,622,000 after buying an additional 97,500 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Trading Up 0.0 %

Shares of Hanmi Financial stock opened at $22.82 on Tuesday. The firm has a market cap of $689.07 million, a price-to-earnings ratio of 10.97 and a beta of 0.89. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59. The company’s 50-day simple moving average is $24.83 and its 200-day simple moving average is $20.94. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.58.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 prior year, the business posted $0.62 EPS. As a group, equities research analysts anticipate that Hanmi Financial Co. will post 2 earnings per share for the current year.

Hanmi Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.38%. Hanmi Financial’s dividend payout ratio (DPR) is presently 48.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Hanmi Financial in a research report on Wednesday, October 23rd. Janney Montgomery Scott raised shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson upped their target price on shares of Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Finally, Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $25.50 in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.38.

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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.