Ieq Capital LLC Purchases 16,102 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Ieq Capital LLC grew its position in Hanmi Financial Co. (NASDAQ:HAFC) by 34.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,495 shares of the bank’s stock after purchasing an additional 16,102 shares during the period. Ieq Capital LLC’s holdings in Hanmi Financial were worth $1,500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in shares of Hanmi Financial in the 3rd quarter valued at approximately $28,000. R Squared Ltd bought a new position in Hanmi Financial in the fourth quarter valued at approximately $43,000. Versant Capital Management Inc boosted 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 buying an additional 1,035 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Hanmi Financial during the third quarter worth $49,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Hanmi Financial by 17.0% during the fourth quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank’s stock worth $195,000 after acquiring an additional 1,200 shares during the period. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Trading Down 0.3 %

Shares of NASDAQ:HAFC opened at $23.65 on Tuesday. The stock has a market capitalization of $714.14 million, a PE ratio of 11.54 and a beta of 0.88. The company’s 50-day moving average price is $23.56 and its two-hundred day moving average price is $22.32. 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 Co. has a one year low of $14.45 and a one year high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, equities analysts forecast that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be paid a $0.27 dividend. The ex-dividend date is Monday, February 10th. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 4.57%. Hanmi Financial’s dividend payout ratio (DPR) is currently 52.68%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HAFC. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 target price (up from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. DA Davidson reiterated a “neutral” rating and set a $27.50 price objective on shares of Hanmi Financial in a report on Thursday, January 30th. Finally, Janney Montgomery Scott raised Hanmi Financial from a “neutral” rating to a “buy” rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Hanmi Financial presently has an average rating of “Hold” and a consensus target price of $25.75.

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.