Nisa Investment Advisors LLC Acquires 2,800 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Nisa Investment Advisors LLC lifted its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 66.0% in the 4th quarter, HoldingsChannel reports. The fund owned 7,043 shares of the bank’s stock after purchasing an additional 2,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Hanmi Financial were worth $137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hanmi Financial by 5.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,340 shares of the bank’s stock worth $336,000 after acquiring an additional 821 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Hanmi Financial during the fourth quarter worth about $156,000. American Century Companies Inc. boosted its holdings in Hanmi Financial by 10.8% during the third quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock worth $5,825,000 after purchasing an additional 35,104 shares during the last quarter. Deutsche Bank AG boosted its holdings in Hanmi Financial by 35.0% during the third quarter. Deutsche Bank AG now owns 16,020 shares of the bank’s stock worth $260,000 after purchasing an additional 4,152 shares during the last quarter. Finally, Comerica Bank purchased a new position in Hanmi Financial during the third quarter worth about $250,000. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Stock Up 4.2 %

Hanmi Financial stock opened at $15.21 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $460.56 million, a PE ratio of 5.81 and a beta of 0.95. Hanmi Financial Co. has a fifty-two week low of $13.35 and a fifty-two week high of $20.31. The firm’s 50-day simple moving average is $15.22 and its 200 day simple moving average is $16.45.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $59.82 million for the quarter, compared to analysts’ expectations of $63.43 million. Hanmi Financial had a net margin of 19.84% and a return on equity of 11.88%. Research analysts predict that Hanmi Financial Co. will post 2.15 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date was Friday, February 2nd. Hanmi Financial’s payout ratio is 38.17%.

Analyst Ratings Changes

HAFC has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Hanmi Financial from $20.00 to $18.50 and set a “market perform” rating on the stock in a report on Wednesday, January 24th. Wedbush cut their price target on shares of Hanmi Financial from $21.00 to $20.00 and set a “neutral” rating on the stock 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.