Versor Investments LP Sells 11,500 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Versor Investments LP lessened its stake in Hanmi Financial Co. (NASDAQ:HAFC) by 52.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,600 shares of the bank’s stock after selling 11,500 shares during the period. Versor Investments LP’s holdings in Hanmi Financial were worth $250,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Hanmi Financial by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock valued at $15,552,000 after acquiring an additional 349,339 shares in the last quarter. FMR LLC increased its position in shares of Hanmi Financial by 26.1% during the third quarter. FMR LLC now owns 879,979 shares of the bank’s stock valued at $16,368,000 after purchasing an additional 182,164 shares during the period. Stieven Capital Advisors L.P. raised its stake in shares of Hanmi Financial by 20.6% in the third quarter. Stieven Capital Advisors L.P. now owns 571,053 shares of the bank’s stock valued at $10,622,000 after purchasing an additional 97,500 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Hanmi Financial by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank’s stock worth $11,553,000 after purchasing an additional 41,020 shares during the period. Finally, Barclays PLC lifted its position in Hanmi Financial by 74.0% in the third quarter. Barclays PLC now owns 67,158 shares of the bank’s stock worth $1,248,000 after purchasing an additional 28,561 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on HAFC. Keefe, Bruyette & Woods reissued 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. DA Davidson reissued a “neutral” rating and issued a $27.50 target price on shares of Hanmi Financial in a research note on Thursday, January 30th. Finally, Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.75.

Hanmi Financial Stock Down 0.7 %

Shares of NASDAQ HAFC opened at $23.85 on Tuesday. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59. 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 business has a fifty day moving average of $23.54 and a two-hundred day moving average of $22.51. The stock has a market cap of $720.17 million, a PE ratio of 11.63 and a beta of 0.88.

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 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 expect that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a $0.27 dividend. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Monday, February 10th. Hanmi Financial’s payout ratio is presently 52.68%.

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.