Marshall Wace LLP Makes New $441,000 Investment in Hanmi Financial Co. (NASDAQ:HAFC)

Marshall Wace LLP bought a new stake in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 18,674 shares of the bank's stock, valued at approximately $441,000. Marshall Wace LLP owned about 0.06% of Hanmi Financial at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock valued at $15,552,000 after acquiring an additional 349,339 shares during the last quarter. Invesco Ltd. grew its position in Hanmi Financial by 106.8% in the 4th quarter. Invesco Ltd. now owns 403,586 shares of the bank's stock valued at $9,533,000 after buying an additional 208,463 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Hanmi Financial in the 4th quarter worth $4,262,000. American Century Companies Inc. increased its position in Hanmi Financial by 13.0% during the 4th quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock worth $17,561,000 after purchasing an additional 85,425 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Hanmi Financial in the fourth quarter valued at approximately $1,652,000. Institutional investors and hedge funds own 88.66% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a "neutral" rating and set a $27.50 price target on shares of Hanmi Financial in a research report on Thursday, January 30th. 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, the stock has an average rating of "Hold" and a consensus price target of $25.75.

Hanmi Financial Stock Down 1.4 %

Shares of HAFC stock traded down $0.32 during mid-day trading on Friday, reaching $23.20. 13,480 shares of the company were exchanged, compared to its average volume of 203,776. 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 quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $701.06 million, a P/E ratio of 11.32 and a beta of 0.67. The business's 50 day simple moving average is $22.14 and its 200 day simple moving average is $23.46.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. The firm had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. 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. Stockholders of record on Monday, May 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, May 5th. Hanmi Financial's payout ratio is 50.70%.

About Hanmi Financial

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.