Rhumbline Advisers Has $2.22 Million Stake in Hanmi Financial Co. (NASDAQ:HAFC)

Rhumbline Advisers reduced its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,167 shares of the bank’s stock after selling 442 shares during the quarter. Rhumbline Advisers owned approximately 0.31% of Hanmi Financial worth $2,224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HAFC. Savant Capital LLC increased its holdings in shares of Hanmi Financial by 4.4% during the 4th quarter. Savant Capital LLC now owns 18,243 shares of the bank’s stock valued at $431,000 after acquiring an additional 776 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Hanmi Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 108,704 shares of the bank’s stock worth $2,568,000 after buying an additional 5,258 shares during the last quarter. EMC Capital Management increased its holdings in shares of Hanmi Financial by 162.4% during the 4th quarter. EMC Capital Management now owns 11,768 shares of the bank’s stock worth $278,000 after purchasing an additional 7,284 shares during the period. R Squared Ltd acquired a new position in shares of Hanmi Financial during the fourth quarter valued at about $43,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Hanmi Financial by 24.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,582 shares of the bank’s stock valued at $415,000 after buying an additional 3,400 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Stock Down 0.7 %

Shares of NASDAQ HAFC opened at $23.85 on Tuesday. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market cap of $720.17 million, a P/E ratio of 11.63 and a beta of 0.88. The firm has a 50 day moving average price of $23.54 and a 200 day moving average price of $22.51.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. Analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s dividend payout ratio is 52.68%.

Analysts Set New Price Targets

HAFC has been the subject of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research report on Friday, November 15th. Finally, DA Davidson restated a “neutral” rating and set a $27.50 target price on shares of Hanmi Financial in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.75.

About Hanmi Financial

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.