Dimensional Fund Advisors LP Boosts Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Dimensional Fund Advisors LP boosted its position in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,776,133 shares of the bank's stock after buying an additional 31,634 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.88% of Hanmi Financial worth $41,952,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. First Trust Advisors LP boosted its position in Hanmi Financial by 24.4% during the fourth quarter. First Trust Advisors LP now owns 22,773 shares of the bank's stock worth $538,000 after purchasing an additional 4,461 shares during the period. Marshall Wace LLP acquired a new position in Hanmi Financial in the 4th quarter valued at about $441,000. Jump Financial LLC bought a new position in Hanmi Financial in the 4th quarter valued at about $478,000. XTX Topco Ltd acquired a new stake in Hanmi Financial during the fourth quarter worth approximately $265,000. Finally, Mariner LLC bought a new stake in shares of Hanmi Financial during the fourth quarter worth approximately $324,000. 88.66% of the stock is owned by institutional investors and hedge funds.

Hanmi Financial Trading Down 1.4 %

Hanmi Financial stock traded down $0.32 during trading hours on Friday, reaching $23.20. 13,480 shares of the company's stock were exchanged, compared to its average volume of 203,776. The firm has a market capitalization of $701.06 million, a PE ratio of 11.32 and a beta of 0.67. The firm's 50 day simple moving average is $22.14 and its 200 day simple moving average is $23.46. 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 Co. has a twelve month low of $14.95 and a twelve month high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its 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. The company had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. Research analysts predict that Hanmi Financial Co. 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, May 21st. Shareholders of record on Monday, May 5th will be paid a $0.27 dividend. The ex-dividend date is Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.66%. Hanmi Financial's dividend payout ratio is presently 50.70%.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a "neutral" rating and issued a $27.50 price target 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 data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.