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

XTX Topco Ltd acquired a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,206 shares of the bank’s stock, valued at approximately $265,000.

A number of other large investors also recently modified their holdings of HAFC. Smartleaf Asset Management LLC raised its position in Hanmi Financial by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock valued at $25,000 after buying an additional 747 shares during the last quarter. R Squared Ltd bought a new stake in shares of Hanmi Financial in the 4th quarter worth $43,000. Versant Capital Management Inc raised its holdings in shares of 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 purchasing an additional 1,035 shares during the last quarter. Quantbot Technologies LP increased its stake in Hanmi Financial by 5,858.5% in the 4th quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock valued at $58,000 after buying an additional 2,402 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Hanmi Financial during the fourth quarter valued at approximately $132,000. 88.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a “neutral” rating and issued a $27.50 target price on shares of Hanmi Financial in a research note 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.75.

Hanmi Financial Stock Performance

NASDAQ HAFC opened at $22.74 on Friday. The company has a market capitalization of $687.52 million, a P/E ratio of 11.09 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. Hanmi Financial Co. has a 52-week low of $14.95 and a 52-week high of $27.59. The company has a fifty day moving average of $22.28 and a 200-day moving average of $23.27.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. As a group, equities research analysts predict that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, May 5th. Hanmi Financial’s dividend payout ratio is presently 52.68%.

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.