20,436 Shares in Hanmi Financial Corporation $HAFC Purchased by R Squared Ltd

R Squared Ltd acquired a new position in Hanmi Financial Corporation (NASDAQ:HAFC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,436 shares of the bank’s stock, valued at approximately $631,000. R Squared Ltd owned approximately 0.07% of Hanmi Financial as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in Hanmi Financial in the second quarter valued at $12,570,000. Sei Investments Co. lifted its position in Hanmi Financial by 212.4% during the 1st quarter. Sei Investments Co. now owns 50,903 shares of the bank’s stock worth $1,342,000 after buying an additional 34,607 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Hanmi Financial by 26.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 413,571 shares of the bank’s stock worth $10,902,000 after buying an additional 87,655 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Hanmi Financial by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,760,855 shares of the bank’s stock worth $46,416,000 after buying an additional 56,102 shares in the last quarter. Finally, Rhino Investment Partners Inc lifted its position in Hanmi Financial by 4.9% during the 1st quarter. Rhino Investment Partners Inc now owns 881,957 shares of the bank’s stock worth $23,248,000 after buying an additional 41,008 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Price Performance

NASDAQ:HAFC opened at $32.54 on Friday. Hanmi Financial Corporation has a 1-year low of $24.54 and a 1-year high of $34.46. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $31.92 and a 200 day simple moving average of $30.06. The stock has a market capitalization of $959.60 million, a PE ratio of 10.71 and a beta of 0.72.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, October 27th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). Hanmi Financial had a return on equity of 11.30% and a net margin of 20.06%. The firm had revenue of $76.60 million for the quarter, compared to the consensus estimate of $75.13 million. On average, research analysts expect that Hanmi Financial Corporation will post 3.20 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 9th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, November 9th. Hanmi Financial’s dividend payout ratio (DPR) is 36.84%.

Analysts Set New Price Targets

HAFC has been the subject of a number of recent research reports. Piper Sandler increased their price objective on shares of Hanmi Financial from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hanmi Financial in a research report on Monday, September 21st. Finally, DA Davidson upped their target price on Hanmi Financial from $31.50 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.40.

About Hanmi Financial

Hanmi Financial Corporation is the bank holding company for Hanmi Bank, a commercial bank founded in 1982 to serve Korean-American communities. The company is headquartered in Los Angeles and serves businesses and individuals in California and other U.S. markets. Hanmi Bank provides business and personal deposit accounts, commercial real estate and business loans, Small Business Administration lending, and cash-management and other banking services. Its offerings include online and mobile banking, treasury management, and international banking services.