Algert Global LLC Acquires 3,944 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Algert Global LLC boosted its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,791 shares of the bank’s stock after purchasing an additional 3,944 shares during the quarter. Algert Global LLC owned about 0.58% of Hanmi Financial worth $4,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted 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 buying an additional 747 shares during the last quarter. R Squared Ltd bought a new stake in Hanmi Financial in the 4th quarter valued at $43,000. Versant Capital Management Inc grew its position in Hanmi Financial by 110.7% in the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after purchasing an additional 1,035 shares during the last quarter. Quantbot Technologies LP increased its holdings 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 worth $58,000 after purchasing an additional 2,402 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in shares of Hanmi Financial during the fourth quarter valued at about $79,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Trading Down 0.3 %

Shares of HAFC stock opened at $23.21 on Wednesday. The firm has a fifty day moving average of $22.17 and a 200-day moving average of $23.44. The stock has a market cap of $701.36 million, a price-to-earnings ratio of 11.32 and a beta of 0.67. Hanmi Financial Co. has a 52-week low of $14.95 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.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm 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, equities research analysts forecast that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Monday, May 5th. Hanmi Financial’s dividend payout ratio is 50.70%.

Analyst Ratings Changes

Separately, DA Davidson reissued a “neutral” rating and set a $27.50 target price 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, the stock currently has a consensus rating of “Hold” and an average target price 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.