Versor Investments LP Purchases 22,000 Shares of Hanmi Financial Corporation $HAFC

Versor Investments LP lifted its holdings in Hanmi Financial Corporation (NASDAQ:HAFC) by 247.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,886 shares of the bank’s stock after acquiring an additional 22,000 shares during the quarter. Versor Investments LP’s holdings in Hanmi Financial were worth $763,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Savant Capital LLC boosted its stake in shares of Hanmi Financial by 3.3% in the 3rd quarter. Savant Capital LLC now owns 24,481 shares of the bank’s stock valued at $604,000 after purchasing an additional 781 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Hanmi Financial by 201.7% during the 3rd quarter. AlphaQuest LLC now owns 1,792 shares of the bank’s stock worth $44,000 after purchasing an additional 1,198 shares in the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Hanmi Financial by 16.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 55,908 shares of the bank’s stock valued at $1,380,000 after buying an additional 8,078 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Hanmi Financial by 9.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,897 shares of the bank’s stock valued at $694,000 after buying an additional 2,481 shares during the period. Finally, Salzhauer Michael increased its position in Hanmi Financial by 36.5% in the 3rd quarter. Salzhauer Michael now owns 62,163 shares of the bank’s stock valued at $1,535,000 after buying an additional 16,617 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on HAFC. Piper Sandler increased their price target on Hanmi Financial from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hanmi Financial in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Zacks Research lowered shares of Hanmi Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, DA Davidson restated a “neutral” rating and set a $29.50 price objective on shares of Hanmi Financial in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.33.

Hanmi Financial Stock Down 0.0%

HAFC stock opened at $27.36 on Wednesday. The firm has a market capitalization of $819.57 million, a PE ratio of 10.90 and a beta of 0.77. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.35. Hanmi Financial Corporation has a twelve month low of $19.25 and a twelve month high of $30.20. The stock’s 50 day moving average is $28.03 and its 200-day moving average is $26.18.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The company had revenue of $134.06 million during the quarter, compared to analysts’ expectations of $71.40 million. Hanmi Financial had a net margin of 17.10% and a return on equity of 9.85%. Sell-side analysts expect that Hanmi Financial Corporation will post 2.6 EPS for the current fiscal year.

Hanmi Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Monday, February 9th will be issued a $0.28 dividend. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.12 annualized dividend and a yield of 4.1%. Hanmi Financial’s payout ratio is 44.62%.

Hanmi Financial Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.