Hanmi Financial Co. (NASDAQ:HAFC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Hanmi Financial Co. (NASDAQ:HAFC) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,776,133 shares of the bank’s stock after purchasing an additional 31,634 shares during the period. Dimensional Fund Advisors LP owned approximately 5.88% of Hanmi Financial worth $41,952,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management grew its stake in shares of Hanmi Financial by 4.2% in the fourth quarter. LSV Asset Management now owns 1,183,181 shares of the bank’s stock valued at $27,947,000 after buying an additional 47,700 shares in the last quarter. JPMorgan Chase & Co. grew its position in Hanmi Financial by 71.8% in the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock valued at $15,552,000 after acquiring an additional 349,339 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Hanmi Financial by 13.0% during the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank’s stock valued at $17,561,000 after purchasing an additional 85,425 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Hanmi Financial by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank’s stock worth $11,553,000 after purchasing an additional 41,020 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Hanmi Financial by 106.8% in the fourth quarter. Invesco Ltd. now owns 403,586 shares of the bank’s stock valued at $9,533,000 after purchasing an additional 208,463 shares during the period. 88.66% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Stock Performance

Hanmi Financial stock opened at $23.49 on Friday. 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 stock has a 50 day moving average of $22.18 and a 200-day moving average of $23.40. The stock has a market cap of $709.82 million, a P/E ratio of 11.46 and a beta of 0.68. Hanmi Financial Co. has a 52 week low of $14.95 and a 52 week high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. On average, analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Monday, May 5th. Hanmi Financial’s dividend payout ratio is presently 50.70%.

Analyst Ratings Changes

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

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.