Hanmi Financial Corporation (NASDAQ:HAFC) Position Raised by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP increased its stake in Hanmi Financial Corporation by 39.1%, owning approximately 0.24% of the company after purchasing additional shares in the first quarter.
• Hanmi Financial reported $0.50 earnings per share for the last quarter, missing analysts' expectations of $0.62, alongside a revenue of $65.21 million.
• The company announced a quarterly dividend of $0.27 per share, with an annualized yield of 4.57% and a dividend payout ratio of 50.23%.

De Lisle Partners LLP increased its holdings in Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 39.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,703 shares of the bank's stock after buying an additional 20,170 shares during the period. De Lisle Partners LLP owned about 0.24% of Hanmi Financial worth $1,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Hanmi Financial by 91.4% in the 1st quarter. GAMMA Investing LLC now owns 1,426 shares of the bank's stock worth $32,000 after buying an additional 681 shares in the last quarter. Curat Global LLC purchased a new position in Hanmi Financial in the 1st quarter valued at about $42,000. Quantbot Technologies LP lifted its holdings in Hanmi Financial by 5,858.5% in the 4th quarter. Quantbot Technologies LP now owns 2,443 shares of the bank's stock valued at $58,000 after purchasing an additional 2,402 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in Hanmi Financial in the 4th quarter valued at about $79,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Hanmi Financial in the 4th quarter valued at about $132,000. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Hanmi Financial Trading Down 1.7%

HAFC traded down $0.38 on Friday, reaching $22.43. 300,305 shares of the company's stock were exchanged, compared to its average volume of 185,142. The company's 50 day moving average is $24.16 and its 200-day moving average is $23.34. The company has a market cap of $677.61 million, a price-to-earnings ratio of 10.43 and a beta of 0.73. Hanmi Financial Corporation has a twelve month low of $17.37 and a twelve month high of $27.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.98.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The bank reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.12). Hanmi Financial had a return on equity of 8.77% and a net margin of 15.11%. The business had revenue of $65.21 million for the quarter, compared to analyst estimates of $65.70 million. During the same period last year, the company posted $0.48 EPS. Equities analysts predict that Hanmi Financial Corporation will post 2.6 earnings per share for the current year.

Hanmi Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, August 4th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.8%. Hanmi Financial's dividend payout ratio (DPR) is presently 50.23%.

Analysts Set New Price Targets

HAFC has been the topic of a number of recent research reports. DA Davidson upped their target price on shares of Hanmi Financial from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Hanmi Financial from $27.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Finally, Piper Sandler cut their price objective on shares of Hanmi Financial from $28.50 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Hanmi Financial currently has an average rating of "Hold" and an average price target of $26.00.

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.