Petiole USA ltd Takes Position in Hanmi Financial Co. (NASDAQ:HAFC)

Petiole USA ltd acquired a new stake in Hanmi Financial Co. (NASDAQ:HAFCGet Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 56,351 shares of the bank’s stock, valued at approximately $1,334,000. Petiole USA ltd owned about 0.19% of Hanmi Financial as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new position in shares of Hanmi Financial in the fourth quarter valued at $26,000. Lazard Asset Management LLC bought a new position in shares of Hanmi Financial in the fourth quarter valued at $29,000. O Shaughnessy Asset Management LLC grew its stake in shares of Hanmi Financial by 7,011.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 6,187 shares of the bank’s stock valued at $124,000 after buying an additional 6,100 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of Hanmi Financial by 8.0% in the third quarter. Metropolitan Life Insurance Co NY now owns 7,584 shares of the bank’s stock valued at $152,000 after buying an additional 565 shares in the last quarter. Finally, Cambria Investment Management L.P. bought a new position in shares of Hanmi Financial in the fourth quarter valued at $200,000. 87.05% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on HAFC shares. StockNews.com started coverage on shares of Hanmi Financial in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Jonestrading lifted their price objective on shares of Hanmi Financial from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 26th. Finally, Zacks Investment Research raised shares of Hanmi Financial from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, January 27th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $29.00.

HAFC stock traded up $0.82 during midday trading on Tuesday, reaching $23.26. 84,185 shares of the company were exchanged, compared to its average volume of 165,071. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.96 and a quick ratio of 0.95. The business has a 50-day moving average price of $24.29 and a two-hundred day moving average price of $24.53. Hanmi Financial Co. has a one year low of $16.67 and a one year high of $28.84. The firm has a market capitalization of $708.66 million, a price-to-earnings ratio of 6.70 and a beta of 1.07.

Hanmi Financial (NASDAQ:HAFCGet Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Hanmi Financial had a net margin of 39.39% and a return on equity of 16.52%. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, analysts anticipate that Hanmi Financial Co. will post 2.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Monday, May 9th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, May 6th. Hanmi Financial’s dividend payout ratio (DPR) is presently 26.27%.

About Hanmi Financial (Get Rating)

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.

See Also

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

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