Hanmi Financial Co. (NASDAQ:HAFC) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,554 shares of the bank’s stock after acquiring an additional 1,119 shares during the quarter. Victory Capital Management Inc.’s holdings in Hanmi Financial were worth $604,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC boosted its position in shares of Hanmi Financial by 26.1% during the 3rd quarter. FMR LLC now owns 879,979 shares of the bank’s stock worth $16,368,000 after acquiring an additional 182,164 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock worth $15,552,000 after acquiring an additional 349,339 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Hanmi Financial by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank’s stock worth $11,553,000 after acquiring an additional 41,020 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Hanmi Financial by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 170,942 shares of the bank’s stock worth $4,038,000 after acquiring an additional 6,643 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Hanmi Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 108,704 shares of the bank’s stock worth $2,568,000 after acquiring an additional 5,258 shares in the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

Hanmi Financial Stock Up 1.6 %

Hanmi Financial stock opened at $22.46 on Friday. The stock has a 50-day simple moving average of $23.29 and a 200-day simple moving average of $22.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $678.20 million, a P/E ratio of 10.96 and a beta of 0.87. Hanmi Financial Co. has a fifty-two week low of $14.45 and a fifty-two week high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, beating 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%. Equities research analysts expect that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HAFC. DA Davidson reissued a “neutral” rating and issued a $27.50 target price on shares of Hanmi Financial in a report on Thursday, January 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $29.00 target price (up from $24.00) on shares of Hanmi Financial in a 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 an average rating of “Hold” and a consensus price target 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.