Cubist Systematic Strategies LLC Purchases 11,244 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Cubist Systematic Strategies LLC raised its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 29.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,268 shares of the bank's stock after acquiring an additional 11,244 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.16% of Hanmi Financial worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in shares of Hanmi Financial by 227.1% during 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 during the period. R Squared Ltd acquired a new position in shares of Hanmi Financial during the 4th quarter valued at $43,000. Quantbot Technologies LP increased its position 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 valued at $58,000 after purchasing an additional 2,402 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Hanmi Financial during the 4th quarter valued at $79,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Hanmi Financial in the 4th quarter worth $132,000. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Stock Down 0.6%

HAFC traded down $0.14 during trading on Friday, reaching $23.86. 162,259 shares of the stock traded hands, compared to its average volume of 203,452. The stock has a market cap of $720.86 million, a price-to-earnings ratio of 11.64 and a beta of 0.67. Hanmi Financial Co. has a fifty-two week low of $14.95 and a fifty-two week high of $27.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The stock's 50-day simple moving average is $22.28 and its two-hundred day simple moving average is $23.52.

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

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders 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 dividend yield of 4.53%. Hanmi Financial's payout ratio is presently 50.70%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a "neutral" rating and issued a $27.50 target price on shares of Hanmi Financial in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.75.

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.