R Squared Ltd Purchases New Position in Hanmi Financial Co. (NASDAQ:HAFC)

R Squared Ltd purchased a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,800 shares of the bank’s stock, valued at approximately $43,000.

Several other institutional investors have also modified their holdings of HAFC. Point72 DIFC Ltd bought a new stake in shares of Hanmi Financial during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc lifted its stake in shares of Hanmi Financial by 110.7% during the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after acquiring an additional 1,035 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Hanmi Financial during the 3rd quarter worth approximately $49,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Hanmi Financial by 47.0% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after acquiring an additional 1,207 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Hanmi Financial during the 2nd quarter worth approximately $168,000. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Trading Down 0.9 %

Shares of NASDAQ:HAFC opened at $24.02 on Monday. Hanmi Financial Co. has a 12-month low of $14.45 and a 12-month high of $27.59. The business’s fifty day simple moving average is $24.13 and its 200-day simple moving average is $21.77. The company has a market capitalization of $725.40 million, a PE ratio of 11.72 and a beta of 0.89. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.69% and a net margin of 14.45%. As a group, equities research analysts predict 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. Stockholders of record on Monday, February 10th will be issued a $0.27 dividend. The ex-dividend date is Monday, February 10th. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.50%. Hanmi Financial’s dividend payout ratio (DPR) is currently 48.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HAFC. DA Davidson reissued a “neutral” rating and set a $27.50 price target on shares of Hanmi Financial in a research note on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $20.00 to $25.50 in a report on Thursday, October 24th. Wedbush restated a “neutral” rating and set a $21.00 price objective on shares of Hanmi Financial in a report on Wednesday, October 23rd. Finally, Janney Montgomery Scott upgraded Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Hanmi Financial currently has a consensus rating of “Hold” and an average target price of $25.75.

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.