Amundi Increases Stock Position in Hanmi Financial Co. (NASDAQ:HAFC)

Amundi boosted its stake in Hanmi Financial Co. (NASDAQ:HAFC) by 213.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,115 shares of the bank’s stock after purchasing an additional 10,290 shares during the quarter. Amundi owned about 0.05% of Hanmi Financial worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in Hanmi Financial by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock valued at $25,000 after acquiring an additional 747 shares during the last quarter. Point72 DIFC Ltd bought a new position in Hanmi Financial during the third quarter valued at approximately $28,000. R Squared Ltd bought a new position in Hanmi Financial during the fourth quarter valued at approximately $43,000. Versant Capital Management Inc grew its position in Hanmi Financial by 110.7% during the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock valued at $47,000 after acquiring an additional 1,035 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in Hanmi Financial by 17.0% during the fourth quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank’s stock valued at $195,000 after acquiring an additional 1,200 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. DA Davidson reiterated a “neutral” rating and set a $27.50 price target on shares of Hanmi Financial in a research report on Thursday, January 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $29.00 price target (up from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Hanmi Financial presently has an average rating of “Hold” and an average target price of $25.75.

Hanmi Financial Stock Up 1.6 %

Shares of Hanmi Financial stock opened at $22.46 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59. The stock has a market capitalization of $678.20 million, a price-to-earnings ratio of 10.96 and a beta of 0.87. The company’s 50 day moving average price is $23.29 and its 200-day moving average price is $22.73.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (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%. Equities research analysts forecast 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 is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a yield of 4.81%. Hanmi Financial’s dividend payout ratio (DPR) is presently 52.68%.

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.