Hanmi Financial Co. (NASDAQ:HAFC) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 328,274 shares of the bank’s stock after buying an additional 21,447 shares during the quarter. Northern Trust Corp owned about 1.09% of Hanmi Financial worth $7,754,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HAFC. Smartleaf Asset Management LLC boosted its holdings in shares of Hanmi Financial by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock worth $25,000 after purchasing an additional 747 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Hanmi Financial in the fourth quarter valued at $43,000. Quantbot Technologies LP grew its position in shares of Hanmi Financial by 5,858.5% in the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,402 shares during the period. Aquatic Capital Management LLC purchased a new stake in shares of Hanmi Financial in the fourth quarter valued at $79,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Hanmi Financial in the fourth quarter valued at $132,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $27.50 price objective on shares of Hanmi Financial in a research report on Thursday, January 30th. Three equities research 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.com, the stock presently has an average rating of “Hold” and an average target price of $25.75.

Hanmi Financial Price Performance

Shares of Hanmi Financial stock opened at $23.86 on Monday. Hanmi Financial Co. has a twelve month low of $14.95 and a twelve month high of $27.59. The stock has a market capitalization of $720.86 million, a P/E ratio of 11.64 and a beta of 0.67. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $22.32 and its 200 day moving average price is $23.53.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. The firm had revenue of $62.82 million for the quarter, compared to analysts’ expectations of $63.45 million. As a group, research analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 5th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Monday, May 5th. Hanmi Financial’s payout ratio is currently 50.70%.

Hanmi Financial 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.