XTX Topco Ltd Takes $265,000 Position in Hanmi Financial Co. (NASDAQ:HAFC)

XTX Topco Ltd bought a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,206 shares of the bank's stock, valued at approximately $265,000.

Several other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Hanmi Financial by 71.8% in 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 boosted its holdings in shares of Hanmi Financial by 74.0% during the 3rd quarter. Barclays PLC now owns 67,158 shares of the bank's stock valued at $1,248,000 after buying an additional 28,561 shares in the last quarter. Amundi grew its position in shares of Hanmi Financial by 213.3% in the 4th quarter. Amundi now owns 15,115 shares of the bank's stock worth $338,000 after buying an additional 10,290 shares during the period. Jane Street Group LLC increased its stake in shares of Hanmi Financial by 24.7% in the 3rd quarter. Jane Street Group LLC now owns 60,051 shares of the bank's stock worth $1,117,000 after acquiring an additional 11,911 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Hanmi Financial by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock valued at $11,553,000 after acquiring an additional 41,020 shares during the period. Institutional investors own 88.66% of the company's stock.

Analyst Ratings Changes

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

Hanmi Financial Stock Up 0.9 %

Hanmi Financial stock traded up $0.21 during mid-day trading on Thursday, reaching $23.08. The stock had a trading volume of 13,713 shares, compared to its average volume of 204,333. Hanmi Financial Co. has a one year low of $14.95 and a one year high of $27.59. The company has a 50-day moving average price of $22.20 and a two-hundred day moving average price of $23.34. The company has a market capitalization of $697.31 million, a price-to-earnings ratio of 11.27 and a beta of 0.68. 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 EPS for the quarter, beating 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 firm had revenue of $62.82 million for the quarter, compared to analysts' expectations of $63.45 million. On average, analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

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 paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, May 5th. Hanmi Financial's dividend payout ratio is currently 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.