SG Americas Securities LLC Has $589,000 Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

SG Americas Securities LLC decreased its position in Hanmi Financial Co. (NASDAQ:HAFC) by 13.3% during the fourth quarter, HoldingsChannel reports. The firm owned 24,926 shares of the bank’s stock after selling 3,820 shares during the quarter. SG Americas Securities LLC’s holdings in Hanmi Financial were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its stake in Hanmi Financial by 24.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 17,582 shares of the bank’s stock valued at $415,000 after purchasing an additional 3,400 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Hanmi Financial by 110.7% during the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after buying an additional 1,035 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hanmi Financial by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock worth $15,552,000 after buying an additional 349,339 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Hanmi Financial by 10.3% in the third quarter. Principal Financial Group Inc. now owns 164,299 shares of the bank’s stock valued at $3,056,000 after acquiring an additional 15,385 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of Hanmi Financial by 15.0% in the third quarter. Sanctuary Advisors LLC now owns 38,845 shares of the bank’s stock worth $723,000 after acquiring an additional 5,077 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Stock Performance

NASDAQ HAFC opened at $24.02 on Friday. Hanmi Financial Co. has a 1-year low of $14.45 and a 1-year high of $27.59. The company has a 50 day moving average of $24.13 and a 200-day moving average of $21.74. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The firm has a market cap of $725.40 million, a price-to-earnings ratio of 11.72 and a beta of 0.89.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.69% and a net margin of 14.45%. On average, equities analysts forecast that Hanmi Financial Co. will post 2.28 earnings per share for the current fiscal year.

Hanmi Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be given a dividend of $0.27 per share. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 4.50%. Hanmi Financial’s dividend payout ratio is 48.78%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HAFC. Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their price target for the company from $20.00 to $25.50 in a report on Thursday, October 24th. Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. DA Davidson restated a “neutral” rating and set a $27.50 price target on shares of Hanmi Financial in a research note on Thursday. 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. Finally, Wedbush reissued a “neutral” rating and set a $21.00 price objective on shares of Hanmi Financial in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.