SG Americas Securities LLC Takes $156,000 Position in Hanmi Financial Co. (NASDAQ:HAFC)

SG Americas Securities LLC purchased a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 8,035 shares of the bank’s stock, valued at approximately $156,000.

A number of other hedge funds have also recently made changes to their positions in HAFC. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hanmi Financial by 112.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 848,953 shares of the bank’s stock worth $15,765,000 after acquiring an additional 450,211 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Hanmi Financial by 250.1% during the 4th quarter. Millennium Management LLC now owns 400,743 shares of the bank’s stock worth $9,918,000 after acquiring an additional 286,267 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Hanmi Financial by 3.6% during the 1st quarter. BlackRock Inc. now owns 4,506,824 shares of the bank’s stock worth $83,692,000 after acquiring an additional 155,777 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Hanmi Financial by 107.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock worth $4,734,000 after acquiring an additional 150,861 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Hanmi Financial by 59.9% during the 3rd quarter. AQR Capital Management LLC now owns 388,875 shares of the bank’s stock worth $6,311,000 after acquiring an additional 145,703 shares during the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Hanmi Financial Stock Performance

Hanmi Financial stock opened at $14.78 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $447.39 million, a PE ratio of 5.64 and a beta of 0.95. The firm has a fifty day simple moving average of $15.27 and a two-hundred day simple moving average of $16.50. Hanmi Financial Co. has a twelve month low of $13.35 and a twelve month high of $20.31.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $59.82 million during the quarter, compared to the consensus estimate of $63.43 million. Hanmi Financial had a net margin of 19.84% and a return on equity of 11.88%. Research analysts expect that Hanmi Financial Co. will post 2.15 EPS for the current year.

Hanmi Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Monday, February 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.77%. The ex-dividend date was Friday, February 2nd. Hanmi Financial’s dividend payout ratio is presently 38.17%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HAFC. Wedbush dropped their price objective on shares of Hanmi Financial from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Hanmi Financial from $20.00 to $18.50 and set a “market perform” rating for the company in a report on Wednesday, January 24th.

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.