Hanmi Financial Co. (NASDAQ:HAFC) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its position in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,268 shares of the bank’s stock after purchasing an additional 11,244 shares during the quarter. Cubist Systematic Strategies LLC owned 0.16% of Hanmi Financial worth $1,164,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in Hanmi Financial by 74.0% during the third quarter. Barclays PLC now owns 67,158 shares of the bank’s stock worth $1,248,000 after purchasing an additional 28,561 shares during the last quarter. Amundi increased its position in Hanmi Financial by 213.3% during the fourth quarter. Amundi now owns 15,115 shares of the bank’s stock worth $338,000 after buying an additional 10,290 shares in the last quarter. Bank of New York Mellon Corp increased its position in Hanmi Financial by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank’s stock worth $11,553,000 after buying an additional 41,020 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Hanmi Financial during the fourth quarter worth $364,000. Finally, Jump Financial LLC purchased a new position in Hanmi Financial during the fourth quarter worth $478,000. 88.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “neutral” rating and set a $27.50 price target on shares of Hanmi Financial in a research 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 presently has an average rating of “Hold” and a consensus target price of $25.75.

Hanmi Financial Stock Performance

Hanmi Financial stock opened at $24.22 on Wednesday. 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 stock has a fifty day moving average of $22.17 and a two-hundred day moving average of $23.51. The company has a market capitalization of $731.88 million, a price-to-earnings ratio of 11.81 and a beta of 0.67. Hanmi Financial Co. has a fifty-two week low of $14.95 and a fifty-two week high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Monday, May 5th. Hanmi Financial’s dividend payout ratio is currently 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.