KLP Kapitalforvaltning AS Takes Position in Hanmi Financial Co. (NASDAQ:HAFC)

KLP Kapitalforvaltning AS purchased a new stake in Hanmi Financial Co. (NASDAQ:HAFC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,600 shares of the bank’s stock, valued at approximately $132,000.

A number of other hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Hanmi Financial by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock worth $25,000 after purchasing an additional 747 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Hanmi Financial during the third quarter worth approximately $28,000. R Squared Ltd bought a new position in Hanmi Financial during the 4th quarter worth $43,000. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 1,035 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Hanmi Financial by 5,858.5% during the 4th quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock valued at $58,000 after acquiring an additional 2,402 shares during the period. 88.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “neutral” rating and issued a $27.50 price target on shares of Hanmi Financial in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.75.

Hanmi Financial Stock Up 4.5 %

Shares of NASDAQ HAFC opened at $21.55 on Thursday. 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 company’s 50 day moving average price is $22.94 and its 200-day moving average price is $23.04. The company has a market capitalization of $651.54 million, a P/E ratio of 10.51 and a beta of 0.68.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. Equities analysts forecast that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a $0.27 dividend. The ex-dividend date was Monday, February 10th. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 5.01%. Hanmi Financial’s payout ratio 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.