Mariner LLC Takes Position in Hanmi Financial Co. (NASDAQ:HAFC)

Mariner LLC purchased a new position in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,715 shares of the bank's stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of Hanmi Financial by 74.0% in the 3rd quarter. Barclays PLC now owns 67,158 shares of the bank's stock valued at $1,248,000 after purchasing an additional 28,561 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Hanmi Financial by 71.8% in the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock valued at $15,552,000 after buying an additional 349,339 shares in the last quarter. Versant Capital Management Inc grew its stake in Hanmi Financial by 110.7% during the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock worth $47,000 after buying an additional 1,035 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Hanmi Financial by 24.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,582 shares of the bank's stock worth $415,000 after buying an additional 3,400 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Hanmi Financial in the fourth quarter valued at approximately $43,000. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Price Performance

Shares of HAFC stock opened at $23.49 on Monday. Hanmi Financial Co. has a 1 year low of $14.95 and a 1 year high of $27.59. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm's 50 day moving average is $22.18 and its 200-day moving average is $23.42. The firm has a market capitalization of $709.82 million, a price-to-earnings ratio of 11.46 and a beta of 0.68.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $62.82 million for the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. Sell-side analysts forecast that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, May 5th. This represents a $1.08 annualized dividend and a yield of 4.60%. Hanmi Financial's dividend payout ratio is currently 50.70%.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a "neutral" rating and set a $27.50 price target on shares of Hanmi Financial in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hanmi Financial 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.

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