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

Victory Capital Management Inc. increased its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,554 shares of the bank’s stock after buying an additional 1,119 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Hanmi Financial worth $604,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Hanmi Financial by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock valued at $25,000 after purchasing an additional 747 shares during the period. Point72 DIFC Ltd purchased a new stake in Hanmi Financial in the third quarter valued at $28,000. R Squared Ltd purchased a new stake in Hanmi Financial in the fourth quarter valued at $43,000. Versant Capital Management Inc raised its position in Hanmi Financial by 110.7% in the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,035 shares during the period. Finally, New York State Common Retirement Fund raised its position in Hanmi Financial by 17.0% in the fourth quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank’s stock valued at $195,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Analysts Set New Price Targets

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

Hanmi Financial Trading Up 1.6 %

Shares of NASDAQ HAFC opened at $22.46 on Friday. Hanmi Financial Co. has a twelve month low of $14.45 and a twelve month high of $27.59. The stock has a market capitalization of $678.20 million, a PE ratio of 10.96 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $23.29 and a 200-day simple moving average of $22.73.

Hanmi Financial (NASDAQ:HAFC) last released 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 return on equity of 8.64% and a net margin of 14.45%. On average, equities analysts forecast that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.81%. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 10th. Hanmi Financial’s payout ratio is presently 52.68%.

Hanmi Financial 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.