AJOVista LLC Acquires New Shares in Hanmi Financial Co. (NASDAQ:HAFC)

AJOVista LLC bought a new position in Hanmi Financial Co. (NASDAQ:HAFC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,989 shares of the bank’s stock, valued at approximately $77,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC bought a new stake in Hanmi Financial during the 4th quarter valued at $30,000. Meeder Asset Management Inc. bought a new position in Hanmi Financial in the 4th quarter valued at about $37,000. Strs Ohio bought a new position in shares of Hanmi Financial in the third quarter valued at approximately $30,000. Simplex Trading LLC increased its stake in shares of Hanmi Financial by 1,406.7% during the fourth quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock valued at $39,000 after acquiring an additional 1,899 shares during the period. Finally, CWM LLC raised its holdings in Hanmi Financial by 291.6% during the fourth quarter. CWM LLC now owns 2,232 shares of the bank’s stock worth $43,000 after purchasing an additional 1,662 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HAFC. Wedbush reiterated a “neutral” rating and set a $17.00 price target on shares of Hanmi Financial in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 price target (down from $18.50) on shares of Hanmi Financial in a research report on Wednesday, April 24th.

Hanmi Financial Trading Up 0.9 %

Shares of NASDAQ HAFC traded up $0.15 during mid-day trading on Friday, hitting $15.80. 145,880 shares of the company traded hands, compared to its average volume of 217,141. The business has a 50 day moving average of $15.28 and a two-hundred day moving average of $16.43. The stock has a market capitalization of $478.42 million, a price-to-earnings ratio of 6.58 and a beta of 0.93. Hanmi Financial Co. has a 1 year low of $13.35 and a 1 year high of $20.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.

Hanmi Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.33%. Hanmi Financial’s dividend payout ratio is currently 41.67%.

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.