Hanmi Financial Co. (NASDAQ:HAFC) Stock Position Increased by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 604.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,943 shares of the bank's stock after buying an additional 14,537 shares during the period. Sterling Capital Management LLC owned 0.06% of Hanmi Financial worth $400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in Hanmi Financial by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock worth $25,000 after acquiring an additional 747 shares during the period. Savant Capital LLC increased its stake in Hanmi Financial by 4.4% in the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock worth $431,000 after purchasing an additional 776 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hanmi Financial by 1.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,303 shares of the bank's stock worth $1,944,000 after buying an additional 877 shares during the period. Legal & General Group Plc increased its holdings in shares of Hanmi Financial by 1.2% in the 4th quarter. Legal & General Group Plc now owns 80,571 shares of the bank's stock valued at $1,903,000 after acquiring an additional 994 shares during the period. Finally, Versant Capital Management Inc raised 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 during the last quarter. Hedge funds and other institutional investors own 88.66% of the company's stock.

Analysts Set New Price Targets

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

Hanmi Financial Trading Down 1.7 %

Shares of NASDAQ HAFC traded down $0.41 during trading on Friday, hitting $22.82. 22,311 shares of the company traded hands, compared to its average volume of 206,629. The company has a 50-day moving average price of $22.32 and a 200-day moving average price of $23.24. The firm has a market capitalization of $689.79 million, a P/E ratio of 11.07 and a beta of 0.68. Hanmi Financial Co. has a 1 year low of $14.95 and a 1 year high of $27.59. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

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 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 business had revenue of $62.82 million for the quarter, compared to analysts' expectations of $63.45 million. On average, equities analysts predict that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.73%. Hanmi Financial's dividend payout ratio is presently 52.68%.

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.