EMC Capital Management Has $278,000 Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

EMC Capital Management raised its holdings in Hanmi Financial Co. (NASDAQ:HAFC) by 162.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,768 shares of the bank’s stock after buying an additional 7,284 shares during the quarter. EMC Capital Management’s holdings in Hanmi Financial were worth $278,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new stake in shares of Hanmi Financial in the third quarter worth $28,000. R Squared Ltd acquired a new stake in Hanmi Financial in the 4th quarter worth $43,000. Versant Capital Management Inc increased its holdings in shares of Hanmi Financial by 110.7% during the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after purchasing an additional 1,035 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Hanmi Financial during the third quarter valued at about $49,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Hanmi Financial by 47.0% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock valued at $63,000 after buying an additional 1,207 shares during the period. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Price Performance

Shares of Hanmi Financial stock traded down $0.01 during trading on Thursday, reaching $24.53. The company’s stock had a trading volume of 5,090 shares, compared to its average volume of 188,330. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $740.78 million, a P/E ratio of 11.82 and a beta of 0.89. Hanmi Financial Co. has a one year low of $14.45 and a one year high of $27.59. The stock has a 50-day moving average price of $24.22 and a two-hundred day moving average price of $21.66.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. As a group, sell-side analysts anticipate that Hanmi Financial Co. will post 2 EPS for the current fiscal year.

Hanmi Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.40%. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s dividend payout ratio is 48.08%.

Analyst Ratings Changes

Several equities analysts have commented on HAFC shares. Janney Montgomery Scott raised Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Piper Sandler raised Hanmi Financial from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $20.00 to $25.50 in a research report on Thursday, October 24th. Wedbush reissued a “neutral” rating and issued a $21.00 price target on shares of Hanmi Financial in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Finally, DA Davidson upped their target price on shares of Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.38.

About Hanmi Financial

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.