Jefferies Financial Group Inc. Takes Position in Hanmi Financial Corporation $HAFC

Jefferies Financial Group Inc. purchased a new stake in Hanmi Financial Corporation (NASDAQ:HAFC) in the 4th quarter, HoldingsChannel reports. The fund purchased 58,000 shares of the bank’s stock, valued at approximately $1,568,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC increased its stake in shares of Hanmi Financial by 201.7% in the third quarter. AlphaQuest LLC now owns 1,792 shares of the bank’s stock valued at $44,000 after buying an additional 1,198 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Hanmi Financial by 343.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock valued at $56,000 after buying an additional 1,764 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Hanmi Financial by 148.4% in the second 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 during the period. Quantbot Technologies LP boosted its stake 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 purchasing an additional 6,868 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in shares of Hanmi Financial in the 3rd quarter valued at $227,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Price Performance

Shares of HAFC opened at $30.47 on Thursday. Hanmi Financial Corporation has a 12-month low of $22.00 and a 12-month high of $31.33. The business’s fifty day moving average is $28.33 and its 200 day moving average is $27.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.16. The stock has a market cap of $907.09 million, a P/E ratio of 11.37 and a beta of 0.73.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, April 21st. The bank reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $71.40 million. Sell-side analysts anticipate that Hanmi Financial Corporation will post 3.16 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Hanmi Financial’s dividend payout ratio is currently 41.79%.

Insider Buying and Selling at Hanmi Financial

In related news, insider Matthew Fuhr sold 3,300 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $30.83, for a total value of $101,739.00. Following the sale, the insider owned 34,002 shares in the company, valued at $1,048,281.66. This represents a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HAFC shares. Keefe, Bruyette & Woods upped their price objective on shares of Hanmi Financial from $31.50 to $32.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Piper Sandler upped their price objective on shares of Hanmi Financial from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $29.50 price objective on shares of Hanmi Financial in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.17.

About Hanmi Financial

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.