Hanmi Financial Corporation (HAFC) Stake Raised by Citadel Advisors LLC

Citadel Advisors LLC increased its position in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 27.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,282 shares of the bank’s stock after acquiring an additional 17,760 shares during the quarter. Citadel Advisors LLC owned 0.25% of Hanmi Financial worth $2,547,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in Hanmi Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,112 shares of the bank’s stock valued at $145,000 after buying an additional 765 shares during the period. State of Alaska Department of Revenue increased its stake in Hanmi Financial by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,401 shares of the bank’s stock valued at $182,000 after buying an additional 2,831 shares during the period. Aperio Group LLC acquired a new position in Hanmi Financial in the 3rd quarter valued at approximately $233,000. Municipal Employees Retirement System of Michigan increased its stake in Hanmi Financial by 4.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,630 shares of the bank’s stock valued at $217,000 after buying an additional 300 shares during the period. Finally, Airain ltd acquired a new position in Hanmi Financial in the 2nd quarter valued at approximately $226,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Hanmi Financial Corporation (HAFC) opened at $31.95 on Monday. The firm has a market cap of $1,035.47, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00. Hanmi Financial Corporation has a 12 month low of $25.45 and a 12 month high of $35.85.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, October 17th. The bank reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $53.74 million during the quarter, compared to the consensus estimate of $53.30 million. Hanmi Financial had a net margin of 24.54% and a return on equity of 10.60%. During the same period in the previous year, the firm posted $0.41 earnings per share. equities research analysts expect that Hanmi Financial Corporation will post 1.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 30th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Friday, October 27th. Hanmi Financial’s dividend payout ratio is 46.93%.

Several research firms have weighed in on HAFC. ValuEngine lowered shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Hanmi Financial from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods set a $28.00 price objective on shares of Hanmi Financial and gave the company a “hold” rating in a research note on Saturday, October 7th. Piper Jaffray Companies reiterated a “hold” rating and issued a $31.00 price objective on shares of Hanmi Financial in a research note on Friday, October 6th. Finally, BidaskClub lowered shares of Hanmi Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.00.

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About Hanmi Financial

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.

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

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