Ieq Capital LLC Has $1.50 Million Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Ieq Capital LLC raised its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,495 shares of the bank’s stock after purchasing an additional 16,102 shares during the quarter. Ieq Capital LLC owned 0.21% of Hanmi Financial worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in shares of Hanmi Financial by 66.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 395,244 shares of the bank’s stock valued at $7,352,000 after purchasing an additional 157,792 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Hanmi Financial in the third quarter valued at about $349,000. Pallas Capital Advisors LLC bought a new stake in Hanmi Financial during the third quarter worth about $220,000. Principal Financial Group Inc. increased its holdings in shares of Hanmi Financial by 10.3% during the third quarter. Principal Financial Group Inc. now owns 164,299 shares of the bank’s stock worth $3,056,000 after buying an additional 15,385 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Hanmi Financial in the third quarter valued at approximately $49,000. 88.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hanmi Financial Stock Down 0.3 %

NASDAQ:HAFC opened at $23.65 on Tuesday. The company has a market cap of $714.14 million, a price-to-earnings ratio of 11.54 and a beta of 0.88. 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’s fifty day moving average price is $23.56 and its two-hundred day moving average price is $22.32. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating 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, analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be given a dividend of $0.27 per share. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.57%. Hanmi Financial’s payout ratio is currently 52.68%.

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.