Hanmi Financial Corporation (HAFC) Stake Maintained by RBF Capital LLC

RBF Capital LLC maintained its stake in Hanmi Financial Corporation (NASDAQ:HAFC) during the first quarter, Holdings Channel reports. The fund owned 75,000 shares of the bank’s stock at the end of the first quarter. RBF Capital LLC’s holdings in Hanmi Financial Corporation were worth $2,306,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in shares of Hanmi Financial Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 3,570 shares of the bank’s stock valued at $109,000 after buying an additional 80 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Hanmi Financial Corporation during the first quarter valued at about $113,000. Victory Capital Management Inc. purchased a new position in shares of Hanmi Financial Corporation during the first quarter valued at about $134,000. Federated Investors Inc. PA purchased a new position in shares of Hanmi Financial Corporation during the fourth quarter valued at about $192,000. Finally, A.R.T. Advisors LLC purchased a new position in shares of Hanmi Financial Corporation during the fourth quarter valued at about $202,000. Hedge funds and other institutional investors own 88.63% of the company’s stock.

Institutional Ownership by Quarter for Hanmi Financial Corporation (NASDAQ:HAFC)

Hanmi Financial Corporation (NASDAQ HAFC) traded down 2.12% during midday trading on Thursday, reaching $27.65. The company’s stock had a trading volume of 92,357 shares. The firm has a market cap of $886.35 million, a P/E ratio of 16.08 and a beta of 0.85. Hanmi Financial Corporation has a one year low of $21.73 and a one year high of $35.85. The firm has a 50 day moving average price of $28.23 and a 200 day moving average price of $31.34.

Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, April 18th. The bank reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. Hanmi Financial Corporation had a net margin of 25.50% and a return on equity of 10.47%. The business had revenue of $49.57 million during the quarter, compared to the consensus estimate of $51.16 million. During the same period in the previous year, the business posted $0.46 EPS. Equities research analysts forecast that Hanmi Financial Corporation will post $1.82 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Monday, May 8th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Thursday, May 4th. Hanmi Financial Corporation’s dividend payout ratio (DPR) is presently 43.93%.

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Several brokerages have recently commented on HAFC. Zacks Investment Research raised Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Hanmi Financial Corporation in a research report on Thursday, April 20th. FBR & Co reaffirmed an “outperform” rating and set a $34.00 price target (down from $39.00) on shares of Hanmi Financial Corporation in a research report on Wednesday, April 19th. Finally, Piper Jaffray Companies reduced their price objective on Hanmi Financial Corporation from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, April 17th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $32.20.

In other news, Director Joon Hyung Lee sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $29.40, for a total transaction of $176,400.00. Following the transaction, the director now directly owns 265,285 shares of the company’s stock, valued at $7,799,379. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.91% of the company’s stock.

About Hanmi Financial Corporation

Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.

Want to see what other hedge funds are holding HAFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanmi Financial Corporation (NASDAQ:HAFC).

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