one8zero8 LLC Purchases Shares of 17,100 Hanmi Financial Co. (NASDAQ:HAFC)

one8zero8 LLC acquired a new position in Hanmi Financial Co. (NASDAQ:HAFC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,100 shares of the bank’s stock, valued at approximately $404,000. one8zero8 LLC owned about 0.06% of Hanmi Financial at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in Hanmi Financial by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 164,299 shares of the bank’s stock worth $3,056,000 after acquiring an additional 15,385 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Hanmi Financial by 85.0% in the third quarter. Victory Capital Management Inc. now owns 24,435 shares of the bank’s stock worth $454,000 after purchasing an additional 11,230 shares during the period. Royce & Associates LP lifted its position in shares of Hanmi Financial by 0.6% during the 3rd quarter. Royce & Associates LP now owns 192,802 shares of the bank’s stock worth $3,586,000 after purchasing an additional 1,089 shares during the last quarter. Empowered Funds LLC boosted its stake in Hanmi Financial by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 103,446 shares of the bank’s stock valued at $1,924,000 after purchasing an additional 5,226 shares during the period. Finally, Stieven Capital Advisors L.P. grew its holdings in Hanmi Financial by 20.6% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 571,053 shares of the bank’s stock valued at $10,622,000 after buying an additional 97,500 shares during the last quarter. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $21.85 on Monday. The business’s 50 day moving average is $23.30 and its 200-day moving average is $22.69. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $659.78 million, a PE ratio of 10.66 and a beta of 0.87. Hanmi Financial Co. has a 1-year low of $14.45 and a 1-year high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. Sell-side analysts predict that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s dividend payout ratio is 52.68%.

Analysts Set New Price Targets

A number of research analysts have recently commented on HAFC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $29.00 price target (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. DA Davidson reiterated a “neutral” rating and set 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.