Magnetar Financial LLC Makes New $222,000 Investment in Hanmi Financial Co. (NASDAQ:HAFC)

Magnetar Financial LLC acquired a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,405 shares of the bank’s stock, valued at approximately $222,000.

Several other large investors have also modified their holdings of HAFC. Smartleaf Asset Management LLC grew its holdings in Hanmi Financial by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock valued at $25,000 after purchasing an additional 747 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Hanmi Financial during the 3rd quarter valued at $28,000. R Squared Ltd purchased a new stake in shares of Hanmi Financial during the 4th quarter valued at $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 buying an additional 1,035 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Hanmi Financial by 17.0% in the 4th quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank’s stock worth $195,000 after buying an additional 1,200 shares during the period. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. DA Davidson restated a “neutral” rating and set a $27.50 price target on shares of Hanmi Financial in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $29.00 target price (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.75.

Hanmi Financial Trading Up 1.6 %

NASDAQ:HAFC opened at $22.46 on Monday. The business’s 50-day moving average is $23.29 and its two-hundred day moving average is $22.78. The firm has a market capitalization of $678.20 million, a PE ratio of 10.96 and a beta of 0.87. Hanmi Financial Co. has a 12 month low of $14.45 and a 12 month high of $27.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99.

Hanmi Financial (NASDAQ:HAFC) last announced its 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 return on equity of 8.64% and a net margin of 14.45%. Research analysts predict that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were given a dividend of $0.27 per share. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, February 10th. Hanmi Financial’s payout ratio is presently 52.68%.

Hanmi Financial Profile

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.