Versor Investments LP Has $250,000 Stake in Hanmi Financial Co. (NASDAQ:HAFC)

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

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in Hanmi Financial by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock valued at $15,552,000 after buying an additional 349,339 shares during the period. Barclays PLC boosted its position in Hanmi Financial by 74.0% during the 3rd quarter. Barclays PLC now owns 67,158 shares of the bank’s stock worth $1,248,000 after acquiring an additional 28,561 shares during the period. Jane Street Group LLC grew its stake in Hanmi Financial by 24.7% during the 3rd quarter. Jane Street Group LLC now owns 60,051 shares of the bank’s stock valued at $1,117,000 after acquiring an additional 11,911 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Hanmi Financial by 110.7% in the 4th 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 during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Hanmi Financial by 10.3% in the third quarter. Principal Financial Group Inc. now owns 164,299 shares of the bank’s stock worth $3,056,000 after purchasing an additional 15,385 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Analysts Set New Price Targets

HAFC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Finally, DA Davidson reiterated a “neutral” rating and set a $27.50 price objective on shares of Hanmi Financial in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.75.

Hanmi Financial Trading Down 0.7 %

Hanmi Financial stock opened at $23.85 on Tuesday. Hanmi Financial Co. has a one year low of $14.45 and a one year high of $27.59. The company’s fifty day moving average price is $23.54 and its two-hundred day moving average price is $22.51. The company has a market capitalization of $720.17 million, a price-to-earnings ratio of 11.63 and a beta of 0.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, topping 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%. On average, analysts forecast that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Increases Dividend

The company 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. This represents a $1.08 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s dividend payout ratio (DPR) is 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.