D. E. Shaw & Co. Inc. Has $1.99 Million Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

D. E. Shaw & Co. Inc. trimmed its stake in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,168 shares of the bank's stock after selling 79,134 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.28% of Hanmi Financial worth $1,988,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAFC. Rhino Investment Partners Inc acquired a new position in shares of Hanmi Financial during the fourth quarter worth about $15,400,000. Invesco Ltd. boosted its holdings in Hanmi Financial by 106.8% in the 4th quarter. Invesco Ltd. now owns 403,586 shares of the bank's stock worth $9,533,000 after acquiring an additional 208,463 shares during the period. Loomis Sayles & Co. L P acquired a new stake in Hanmi Financial in the fourth quarter valued at approximately $4,262,000. 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. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Hanmi Financial during the fourth quarter valued at approximately $1,652,000. Institutional investors and hedge funds own 88.66% of the company's stock.

Analysts Set New Price Targets

Separately, DA Davidson restated a "neutral" rating and set a $27.50 price objective on shares of Hanmi Financial in a research note on Thursday, January 30th. Three research 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 company has an average rating of "Hold" and a consensus price target of $25.75.

Hanmi Financial Stock Performance

HAFC stock traded up $0.44 during trading on Tuesday, reaching $23.25. 96,374 shares of the company's stock were exchanged, compared to its average volume of 202,915. Hanmi Financial Co. has a 1-year low of $14.95 and a 1-year high of $27.59. The firm has a market cap of $702.43 million, a PE ratio of 11.34 and a beta of 0.67. The company's fifty day moving average price is $22.50 and its 200-day moving average price is $23.50. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

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

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.65%. Hanmi Financial's dividend payout ratio (DPR) is 50.70%.

About Hanmi Financial

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.