D. E. Shaw & Co. Inc. lessened its position in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 48.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,168 shares of the bank's stock after selling 79,134 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.28% of Hanmi Financial worth $1,988,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Hanmi Financial during the fourth quarter worth $43,000. EMC Capital Management raised its position in Hanmi Financial by 162.4% during the fourth quarter. EMC Capital Management now owns 11,768 shares of the bank's stock valued at $278,000 after buying an additional 7,284 shares during the period. Empowered Funds LLC raised its position in Hanmi Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 108,704 shares of the bank's stock valued at $2,568,000 after buying an additional 5,258 shares during the period. Savant Capital LLC raised its position in Hanmi Financial by 4.4% during the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock valued at $431,000 after buying an additional 776 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Hanmi Financial by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 170,942 shares of the bank's stock valued at $4,038,000 after purchasing an additional 6,643 shares in the last quarter. Institutional investors own 88.66% of the company's stock.
Analyst Ratings Changes
Separately, DA Davidson restated a "neutral" rating and issued a $27.50 target price 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 assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.75.
Check Out Our Latest Analysis on HAFC
Hanmi Financial Price Performance
NASDAQ HAFC opened at $23.05 on Thursday. Hanmi Financial Co. has a twelve month low of $14.95 and a twelve month 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. The stock has a market capitalization of $696.39 million, a PE ratio of 11.24 and a beta of 0.67. The stock has a 50-day simple moving average of $22.43 and a 200 day simple moving average of $23.54.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $63.45 million. Research analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current year.
Hanmi Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 5th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.69%. Hanmi Financial's dividend payout ratio (DPR) is presently 50.70%.
Hanmi Financial Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding HAFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanmi Financial Co. (NASDAQ:HAFC - Free Report).
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