Horizon Investments LLC Buys Shares of 21,543 Hanmi Financial Corporation $HAFC

Horizon Investments LLC bought a new stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,543 shares of the bank’s stock, valued at approximately $582,000. Horizon Investments LLC owned approximately 0.07% of Hanmi Financial as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AlphaQuest LLC raised its position in shares of Hanmi Financial by 201.7% in the 3rd quarter. AlphaQuest LLC now owns 1,792 shares of the bank’s stock worth $44,000 after acquiring an additional 1,198 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Hanmi Financial by 343.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock worth $56,000 after purchasing an additional 1,764 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Hanmi Financial by 148.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock valued at $60,000 after buying an additional 1,442 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Hanmi Financial by 397.2% in the 3rd quarter. Quantbot Technologies LP now owns 8,597 shares of the bank’s stock valued at $212,000 after buying an additional 6,868 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new stake in shares of Hanmi Financial in the 3rd quarter valued at about $227,000. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Trading Down 0.0%

Shares of NASDAQ:HAFC opened at $30.37 on Friday. The business’s 50-day moving average is $27.25 and its 200 day moving average is $27.40. Hanmi Financial Corporation has a 1 year low of $21.84 and a 1 year high of $31.33. The firm has a market capitalization of $903.51 million, a P/E ratio of 11.33 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.98 and a quick ratio of 0.98.

Hanmi Financial (NASDAQ:HAFC) last announced its earnings results on Tuesday, April 21st. The bank reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. Hanmi Financial had a return on equity of 10.31% and a net margin of 18.05%.The company had revenue of $134.95 million for the quarter, compared to analyst estimates of $71.40 million. On average, research analysts predict that Hanmi Financial Corporation will post 3.16 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, May 4th. Hanmi Financial’s payout ratio is presently 41.79%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Hanmi Financial from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Wall Street Zen cut shares of Hanmi Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 24th. Keefe, Bruyette & Woods raised their price target on shares of Hanmi Financial from $31.50 to $32.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Finally, DA Davidson restated a “neutral” rating and issued a $29.50 price target on shares of Hanmi Financial in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.17.

Insiders Place Their Bets

In other Hanmi Financial news, insider Matthew Fuhr sold 3,300 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $30.83, for a total transaction of $101,739.00. Following the sale, the insider owned 34,002 shares in the company, valued at approximately $1,048,281.66. The trade was a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.12% of the company’s stock.

Hanmi Financial Company Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.