Hanmi Financial Co. (NASDAQ:HAFC) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 106.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 403,586 shares of the bank's stock after buying an additional 208,463 shares during the period. Invesco Ltd. owned 1.34% of Hanmi Financial worth $9,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Hanmi Financial by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock worth $15,552,000 after purchasing an additional 349,339 shares during the period. Barclays PLC raised its stake in Hanmi Financial by 74.0% during the third quarter. Barclays PLC now owns 67,158 shares of the bank's stock worth $1,248,000 after purchasing an additional 28,561 shares during the period. Amundi raised its stake in Hanmi Financial by 213.3% during the fourth quarter. Amundi now owns 15,115 shares of the bank's stock worth $338,000 after purchasing an additional 10,290 shares during the period. Jane Street Group LLC raised its stake in Hanmi Financial by 24.7% during the third quarter. Jane Street Group LLC now owns 60,051 shares of the bank's stock worth $1,117,000 after purchasing an additional 11,911 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Hanmi Financial by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock worth $11,553,000 after purchasing an additional 41,020 shares during the period. Hedge funds and other institutional investors own 88.66% of the company's stock.

Hanmi Financial Stock Down 0.4 %

HAFC traded down $0.10 during trading hours on Tuesday, reaching $22.68. 7,869 shares of the stock traded hands, compared to its average volume of 204,687. The firm's fifty day simple moving average is $22.24 and its two-hundred day simple moving average is $23.35. The company has a market cap of $685.19 million, a price-to-earnings ratio of 11.03 and a beta of 0.68. 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.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $62.82 million for the quarter, compared to the consensus estimate of $63.45 million. As a group, analysts forecast that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.76%. Hanmi Financial's payout ratio is currently 50.70%.

Analyst Ratings Changes

Separately, DA Davidson reissued a "neutral" rating and issued a $27.50 price objective on shares of Hanmi Financial in a research report 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. Based on data from MarketBeat.com, Hanmi Financial currently has an average rating of "Hold" and a consensus price target 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.