Harbor Advisors LLC Acquires 2,500 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Harbor Advisors LLC raised its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,500 shares of the bank’s stock after purchasing an additional 2,500 shares during the period. Harbor Advisors LLC owned 0.06% of Hanmi Financial worth $413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Hanmi Financial by 227.1% during 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 in the last quarter. Point72 DIFC Ltd bought a new position in shares of Hanmi Financial during the third quarter valued at approximately $28,000. R Squared Ltd bought a new position in shares of Hanmi Financial during the fourth quarter valued at approximately $43,000. Versant Capital Management Inc increased its stake 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 valued at $47,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of Hanmi Financial by 5,858.5% during the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,402 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Price Performance

Shares of HAFC opened at $22.46 on Friday. The company has a market capitalization of $678.20 million, a P/E ratio of 10.96 and a beta of 0.87. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $23.29 and a 200 day moving average of $22.76. Hanmi Financial Co. has a twelve month low of $14.45 and a twelve month high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last announced 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%. As a group, equities research analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Monday, February 10th. 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. Hanmi Financial’s dividend payout ratio (DPR) is currently 52.68%.

Analyst Upgrades and Downgrades

HAFC has been the subject of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $27.50 target price on shares of Hanmi Financial in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Hanmi Financial presently has a consensus rating of “Hold” and an average 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.