Savant Capital LLC Has $431,000 Position in Hanmi Financial Co. (NASDAQ:HAFC)

Savant Capital LLC grew its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,243 shares of the bank’s stock after acquiring an additional 776 shares during the period. Savant Capital LLC owned 0.06% of Hanmi Financial worth $431,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake 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 buying an additional 182,164 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Hanmi Financial by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock valued at $15,552,000 after buying an additional 349,339 shares during the period. Stieven Capital Advisors L.P. grew its stake in shares of Hanmi Financial by 20.6% in the 3rd 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 period. Assenagon Asset Management S.A. grew its stake in shares of Hanmi Financial by 66.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 395,244 shares of the bank’s stock valued at $7,352,000 after buying an additional 157,792 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Hanmi Financial by 0.6% in the 3rd quarter. Royce & Associates LP now owns 192,802 shares of the bank’s stock valued at $3,586,000 after buying an additional 1,089 shares during the period. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Price Performance

Hanmi Financial stock opened at $24.29 on Monday. Hanmi Financial Co. has a 52 week low of $14.45 and a 52 week high of $27.59. The company’s 50 day moving average price is $23.77 and its two-hundred day moving average price is $22.08. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market cap of $733.56 million, a P/E ratio of 11.85 and a beta of 0.88.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, topping 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%. On average, equities analysts predict that Hanmi Financial Co. will post 2.45 earnings per share for the current year.

Hanmi Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, February 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.45%. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s dividend payout ratio (DPR) is currently 48.78%.

Analyst Ratings Changes

HAFC has been the subject of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $21.00 price target on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $25.50 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. Janney Montgomery Scott upgraded Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Finally, DA Davidson reiterated a “neutral” rating and set a $27.50 price target on shares of Hanmi Financial in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.75.

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.