O Shaughnessy Asset Management LLC Has $2.35 Million Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,466 shares of the bank’s stock after buying an additional 4,937 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.33% of Hanmi Financial worth $2,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HAFC. JPMorgan Chase & Co. raised its position in shares of Hanmi Financial by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock valued at $15,552,000 after acquiring an additional 349,339 shares during the period. Barclays PLC raised its holdings in Hanmi Financial by 74.0% in 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 period. Amundi boosted its position in shares of Hanmi Financial by 213.3% during the fourth quarter. Amundi now owns 15,115 shares of the bank’s stock worth $338,000 after purchasing an additional 10,290 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Hanmi Financial by 24.7% in the 3rd quarter. Jane Street Group LLC now owns 60,051 shares of the bank’s stock valued at $1,117,000 after buying an additional 11,911 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Hanmi Financial by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank’s stock valued at $11,553,000 after buying an additional 41,020 shares in the last quarter. 88.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “neutral” rating and issued a $27.50 target price on shares of Hanmi Financial in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.75.

Hanmi Financial Trading Down 2.7 %

Shares of NASDAQ:HAFC opened at $20.42 on Friday. The firm has a market cap of $616.60 million, a price-to-earnings ratio of 9.96 and a beta of 0.87. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. Hanmi Financial Co. has a 12 month low of $14.45 and a 12 month high of $27.59. The company’s fifty day simple moving average is $23.21 and its 200 day simple moving average is $22.98.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. As a group, research analysts forecast that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were paid a dividend of $0.27 per share. 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 5.29%. The ex-dividend date was Monday, February 10th. Hanmi Financial’s dividend payout ratio (DPR) is currently 52.68%.

Hanmi Financial Company 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.