Proficio Capital Partners LLC Purchases New Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Proficio Capital Partners LLC acquired a new position in Hanmi Financial Co. (NASDAQ:HAFC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,424 shares of the bank’s stock, valued at approximately $364,000.

Several other large investors have also modified their holdings of HAFC. Intech Investment Management LLC raised its position in Hanmi Financial by 1.1% during the 3rd quarter. Intech Investment Management LLC now owns 37,706 shares of the bank’s stock valued at $701,000 after purchasing an additional 414 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 worth $25,000 after acquiring an additional 747 shares in the last quarter. Savant Capital LLC lifted its stake in shares of Hanmi Financial by 4.4% during the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank’s stock worth $431,000 after buying an additional 776 shares during the period. Versant Capital Management Inc increased its holdings in Hanmi Financial by 110.7% in 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 period. Finally, 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 valued at $604,000 after purchasing an additional 1,119 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Hanmi Financial Stock Down 0.7 %

Shares of NASDAQ:HAFC opened at $22.77 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $23.32 and a two-hundred day moving average of $22.84. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59. The stock has a market cap of $687.56 million, a P/E ratio of 11.11 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC) last posted its 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 return on equity of 8.64% and a net margin of 14.45%. On average, research analysts expect that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th were issued a $0.27 dividend. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Monday, February 10th. Hanmi Financial’s dividend payout ratio is currently 52.68%.

Analysts Set New Price Targets

HAFC has been the subject of several recent analyst reports. DA Davidson reissued a “neutral” rating and issued a $27.50 price target on shares of Hanmi Financial in a report 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 report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.75.

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.