Quantbot Technologies LP Increases Position in Hanmi Financial Co. (NASDAQ:HAFC)

Quantbot Technologies LP raised its position in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 5,858.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,443 shares of the bank’s stock after buying an additional 2,402 shares during the quarter. Quantbot Technologies LP’s holdings in Hanmi Financial were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC boosted its holdings in Hanmi Financial by 60.1% in the third quarter. Cerity Partners LLC now owns 34,910 shares of the bank’s stock worth $649,000 after acquiring an additional 13,109 shares in the last quarter. FMR LLC increased its holdings in shares of Hanmi Financial by 26.1% during 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 in the last quarter. PEAK6 Investments LLC purchased a new position in shares of Hanmi Financial during the 3rd quarter valued at approximately $309,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Hanmi Financial by 13.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,133 shares of the bank’s stock valued at $1,342,000 after purchasing an additional 8,630 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Hanmi Financial during the third quarter worth $28,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $27.50 price objective on shares of Hanmi Financial in a report on Thursday, January 30th. Keefe, Bruyette & Woods restated 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.75.

Hanmi Financial Stock Down 0.5 %

Shares of NASDAQ:HAFC opened at $22.54 on Wednesday. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59. The stock has a market cap of $680.62 million, a P/E ratio of 11.00 and a beta of 0.87. The business has a fifty day moving average of $23.31 and a two-hundred day moving average of $22.98. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, beating 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, research analysts expect 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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s dividend payout ratio (DPR) is 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.