Jump Financial LLC Invests $478,000 in Hanmi Financial Co. (NASDAQ:HAFC)

Jump Financial LLC acquired a new stake in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,250 shares of the bank's stock, valued at approximately $478,000. Jump Financial LLC owned approximately 0.07% of Hanmi Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAFC. Smartleaf Asset Management LLC lifted its holdings in Hanmi Financial by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock valued at $25,000 after purchasing an additional 747 shares in the last quarter. R Squared Ltd purchased a new position in shares of Hanmi Financial during the 4th quarter worth $43,000. Versant Capital Management Inc raised its holdings in shares of Hanmi Financial by 110.7% during the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock worth $47,000 after acquiring an additional 1,035 shares during the period. Quantbot Technologies LP raised 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 acquiring an additional 2,402 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Hanmi Financial during the 4th quarter worth $132,000. Hedge funds and other institutional investors own 88.66% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson reiterated a "neutral" rating and set a $27.50 price target on shares of Hanmi Financial in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.75.

Hanmi Financial Trading Down 1.2 %

HAFC traded down $0.27 on Wednesday, hitting $22.87. The company had a trading volume of 266,886 shares, compared to its average volume of 205,085. The firm has a market cap of $691.09 million, a P/E ratio of 11.16 and a beta of 0.68. Hanmi Financial Co. has a 1 year low of $14.95 and a 1 year high of $27.59. The company's fifty day moving average price is $22.20 and its 200 day moving average price is $23.34. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. As a group, equities analysts expect that Hanmi Financial Co. will post 2.6 earnings per share for the current 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 given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.72%. The ex-dividend date is Monday, May 5th. Hanmi Financial's dividend 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.