Hanmi Financial Co. (NASDAQ:HAFC) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC lifted its position in Hanmi Financial Co. (NASDAQ:HAFC) by 278.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,484 shares of the bank’s stock after acquiring an additional 6,242 shares during the period. EntryPoint Capital LLC’s holdings in Hanmi Financial were worth $135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in shares of Hanmi Financial by 113.5% in the first quarter. BNP Paribas Financial Markets now owns 82,130 shares of the bank’s stock worth $1,308,000 after acquiring an additional 43,662 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Hanmi Financial by 2,264.9% during the fourth quarter. Hsbc Holdings PLC now owns 238,448 shares of the bank’s stock worth $4,671,000 after buying an additional 228,365 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Hanmi Financial by 147.5% during the first quarter. Acadian Asset Management LLC now owns 280,909 shares of the bank’s stock worth $4,471,000 after buying an additional 167,430 shares during the last quarter. Entropy Technologies LP acquired a new position in Hanmi Financial during the first quarter worth $171,000. Finally, American Century Companies Inc. boosted its stake in Hanmi Financial by 10.8% during the third quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock worth $5,825,000 after buying an additional 35,104 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HAFC shares. DA Davidson boosted their price objective on Hanmi Financial from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 target price (down previously from $18.50) on shares of Hanmi Financial in a research report on Wednesday, April 24th. Finally, Wedbush lifted their target price on Hanmi Financial from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday.

Hanmi Financial Stock Up 1.2 %

Shares of NASDAQ:HAFC traded up $0.24 on Friday, hitting $20.34. 46,424 shares of the company’s stock were exchanged, compared to its average volume of 246,083. The firm’s 50-day moving average is $16.52 and its 200 day moving average is $16.12. The company has a market capitalization of $618.13 million, a PE ratio of 8.38 and a beta of 0.90. Hanmi Financial Co. has a 1-year low of $13.87 and a 1-year high of $20.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.98 and a current ratio of 1.00.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $106.72 million during the quarter, compared to analysts’ expectations of $59.07 million. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. During the same period in the prior year, the firm posted $0.67 EPS. Sell-side analysts predict that Hanmi Financial Co. will post 2.02 EPS for the current year.

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Monday, August 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.92%. Hanmi Financial’s dividend payout ratio (DPR) is presently 41.67%.

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.