Bank of Montreal Can lifted its stake in Hanmi Financial Corp (NASDAQ:HAFC) by 9.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 88,281 shares of the bank’s stock after purchasing an additional 7,315 shares during the period. Bank of Montreal Can’s holdings in Hanmi Financial were worth $2,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its stake in shares of Hanmi Financial by 59.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,160 shares of the bank’s stock worth $376,000 after acquiring an additional 4,530 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Hanmi Financial by 88.5% in the second quarter. Parametric Portfolio Associates LLC now owns 64,766 shares of the bank’s stock worth $1,843,000 after acquiring an additional 30,416 shares during the period. Teachers Advisors LLC grew its stake in shares of Hanmi Financial by 10.1% in the second quarter. Teachers Advisors LLC now owns 64,084 shares of the bank’s stock worth $1,823,000 after acquiring an additional 5,885 shares during the period. State Street Corp grew its stake in shares of Hanmi Financial by 2.7% in the second quarter. State Street Corp now owns 1,041,986 shares of the bank’s stock worth $29,643,000 after acquiring an additional 27,444 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Hanmi Financial by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,019,495 shares of the bank’s stock worth $62,503,000 after acquiring an additional 10,659 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.

Shares of Hanmi Financial Corp (NASDAQ HAFC) opened at $30.50 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.48. The stock has a market cap of $995.65, a P/E ratio of 17.94, a P/E/G ratio of 1.66 and a beta of 0.64. Hanmi Financial Corp has a 12-month low of $25.45 and a 12-month high of $34.55.

Hanmi Financial (NASDAQ:HAFC) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $54.03 million during the quarter, compared to analyst estimates of $54.53 million. Hanmi Financial had a net margin of 22.52% and a return on equity of 10.59%. equities analysts predict that Hanmi Financial Corp will post 2.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 5th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.15%. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, February 2nd. Hanmi Financial’s payout ratio is 56.47%.

HAFC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Hanmi Financial from a “hold” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Monday, January 1st. ValuEngine lowered shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub lowered shares of Hanmi Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $32.00 price target on shares of Hanmi Financial in a research note on Friday, December 22nd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.00.

In other Hanmi Financial news, Director John J. Ahn bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was bought at an average cost of $31.56 per share, for a total transaction of $94,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.91% of the company’s stock.

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Hanmi Financial Company Profile

Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.

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Institutional Ownership by Quarter for Hanmi Financial (NASDAQ:HAFC)

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