Hanmi Financial Co. (NASDAQ:HAFC) Stock Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in Hanmi Financial Co. (NASDAQ:HAFC) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,303 shares of the bank’s stock after buying an additional 877 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.27% of Hanmi Financial worth $1,944,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HAFC. Amundi grew its position in Hanmi Financial by 213.3% in the fourth quarter. Amundi now owns 15,115 shares of the bank’s stock worth $338,000 after acquiring an additional 10,290 shares in the last quarter. Arizona State Retirement System acquired a new stake in shares of Hanmi Financial in the 4th quarter valued at $207,000. Proficio Capital Partners LLC acquired a new stake in shares of Hanmi Financial in the 4th quarter valued at $364,000. Victory Capital Management Inc. boosted its holdings in Hanmi Financial by 4.6% in the fourth quarter. Victory Capital Management Inc. now owns 25,554 shares of the bank’s stock worth $604,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Hanmi Financial by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock worth $25,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Trading Down 1.3 %

Shares of NASDAQ:HAFC opened at $21.84 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The stock’s 50-day moving average is $23.28 and its 200-day moving average is $22.72. The company has a market cap of $659.48 million, a P/E ratio of 10.65 and a beta of 0.87. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. Equities research analysts predict that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid 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 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Monday, February 10th. Hanmi Financial’s dividend payout ratio is presently 52.68%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. DA Davidson restated a “neutral” rating and issued a $27.50 target price on shares of Hanmi Financial in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.75.

Hanmi Financial Company 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.