3,989 Shares in Hanmi Financial Co. (NASDAQ:HAFC) Bought by AJOVista LLC

AJOVista LLC acquired a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,989 shares of the bank’s stock, valued at approximately $77,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HAFC. Assenagon Asset Management S.A. increased its stake in Hanmi Financial by 107.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock valued at $4,734,000 after purchasing an additional 150,861 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Hanmi Financial by 10.8% during the third quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock valued at $5,825,000 after buying an additional 35,104 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Hanmi Financial by 35.7% during the 3rd quarter. Alps Advisors Inc. now owns 20,088 shares of the bank’s stock worth $326,000 after buying an additional 5,282 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Hanmi Financial by 148.3% during the 3rd quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank’s stock valued at $861,000 after purchasing an additional 31,682 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Hanmi Financial by 1.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 208,574 shares of the bank’s stock worth $3,385,000 after buying an additional 3,494 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Stock Performance

HAFC traded up $0.15 on Friday, hitting $15.80. The company’s stock had a trading volume of 145,880 shares, compared to its average volume of 217,141. The firm has a market cap of $478.42 million, a P/E ratio of 6.58 and a beta of 0.93. The company’s 50 day simple moving average is $15.28 and its 200-day simple moving average is $16.43. Hanmi Financial Co. has a 12 month low of $13.35 and a 12 month high of $20.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s dividend payout ratio is 41.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HAFC shares. Wedbush reiterated a “neutral” rating and issued a $17.00 target price on shares of Hanmi Financial in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 target price (down from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th.

About Hanmi Financial

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.