WINTON GROUP Ltd Sells 6,056 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

WINTON GROUP Ltd lowered its position in Hanmi Financial Co. (NASDAQ:HAFC) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,861 shares of the bank’s stock after selling 6,056 shares during the quarter. WINTON GROUP Ltd owned approximately 0.18% of Hanmi Financial worth $1,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. grew its holdings in Hanmi Financial by 53.3% during the fourth quarter. Prudential Financial Inc. now owns 182,031 shares of the bank’s stock worth $4,300,000 after purchasing an additional 63,300 shares during the period. LPL Financial LLC lifted its position in shares of Hanmi Financial by 22.0% in the fourth quarter. LPL Financial LLC now owns 21,347 shares of the bank’s stock valued at $504,000 after buying an additional 3,853 shares during the last quarter. Harbor Advisors LLC boosted its stake in shares of Hanmi Financial by 16.7% during the 4th quarter. Harbor Advisors LLC now owns 17,500 shares of the bank’s stock worth $413,000 after acquiring an additional 2,500 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Hanmi Financial during the 4th quarter worth approximately $132,000. Finally, American Century Companies Inc. increased its holdings in shares of Hanmi Financial by 13.0% in the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank’s stock valued at $17,561,000 after purchasing an additional 85,425 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Price Performance

Shares of NASDAQ HAFC opened at $22.86 on Friday. Hanmi Financial Co. has a fifty-two week low of $14.45 and a fifty-two week high of $27.59. The business has a fifty day moving average price of $23.33 and a two-hundred day moving average price of $22.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $690.28 million, a PE ratio of 11.15 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. As a group, equities analysts predict that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a dividend of $0.27 per share. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Monday, February 10th. Hanmi Financial’s dividend payout ratio is currently 52.68%.

Analysts Set New Price Targets

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