Price T Rowe Associates Inc. MD Purchases 23,312 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Price T Rowe Associates Inc. MD increased its position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,172 shares of the bank's stock after acquiring an additional 23,312 shares during the period. Price T Rowe Associates Inc. MD owned about 0.38% of Hanmi Financial worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings 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. lifted its position in shares of Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock worth $15,552,000 after buying an additional 349,339 shares during the last quarter. Versant Capital Management Inc boosted its stake in Hanmi Financial by 110.7% in the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock valued at $47,000 after buying an additional 1,035 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Hanmi Financial by 24.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,582 shares of the bank's stock valued at $415,000 after acquiring an additional 3,400 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Hanmi Financial during the fourth quarter worth about $43,000. 88.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $25.75.

Hanmi Financial Trading Down 0.7 %

Shares of HAFC stock traded down $0.17 during mid-day trading on Friday, reaching $23.35. 96,455 shares of the stock traded hands, compared to its average volume of 203,555. The company has a market cap of $705.59 million, a price-to-earnings ratio of 11.39 and a beta of 0.67. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock's fifty day simple moving average is $22.15 and its two-hundred day simple moving average is $23.48. Hanmi Financial Co. has a 1-year low of $14.95 and a 1-year high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $62.82 million for 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%. On average, research analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 5th will be issued 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 4.63%. Hanmi Financial's payout ratio is 50.70%.

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.