Hanmi Financial (NASDAQ:HAFC – Get Rating) announced its quarterly earnings data on Tuesday. The bank reported earnings per share of $0.68 for the quarter, beating Thomson Reuters consensus estimate of $0.57 by $0.11, MarketWatch Earnings reports. Hanmi Financial had a return on equity of 16.13% and a net margin of 38.37%. In the same period a year earlier, the company posted earnings of $0.55 per share.

HAFC stock traded at $0.34 at midday Wednesday, hitting $24.32. 4,436 shares of the company were traded, against an average volume of 168,713. The company has a 50-day simple moving average of $25.00 and a 200-day simple moving average of $24.29. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt ratio of 0.55. The stock has a market capitalization of $740.98 million, a PE ratio of 7.45 and a beta of 1.10. Hanmi Financial has a 1-year low of $16.67 and a 1-year high of $28.84.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 24. Shareholders of record on Monday, February 7 received a dividend of $0.22 per share. The ex-dividend date was Friday, February 4. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.20. This represents an annualized dividend of $0.88 and a yield of 3.62%. Hanmi Financial’s dividend payout ratio (DPR) is 27.33%.

Several equity research analysts have recently released reports on HAFC shares. StockNews.com began covering Hanmi Financial shares in a research note on Thursday, March 31. They issued a “buy” rating for the company. Jonestrading raised its price target on Hanmi Financial shares from $24.00 to $29.00 and gave the company a “buy” rating in a Wednesday, Jan. 26 research note. Finally, Zacks Investment Research upgraded shares of Hanmi Financial from a “hold” rating to a “buy” rating and set a target price of $30.00 for the company in a Thursday, January 27 research note. Four investment analysts rated the stock with a buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $29.00.

A number of hedge funds have recently changed their holdings in the company. Metropolitan Life Insurance Co NY increased its position in Hanmi Financial by 7.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,139 shares of the bank worth $193,000 after acquiring 555 additional shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Hanmi Financial by 1.8% in the fourth quarter. The Ohio Public Employees Retirement System now owns 31,688 shares of the bank worth $750,000 after acquiring 563 additional shares in the last quarter. Royal Bank of Canada increased its position in Hanmi Financial by 10.0% during the third quarter. Royal Bank of Canada now owns 14,399 shares of the bank worth $289,000 after acquiring 1,306 additional shares in the last quarter. Legal & General Group Plc increased its stake in shares of Hanmi Financial by 2.7% during the fourth quarter. Legal & General Group Plc now owns 63,801 shares in the bank worth $1,511,000 after buying an additional 1,690 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Hanmi Financial by 2.9% during the third quarter. Millennium Management LLC now owns 79,250 shares of the bank worth $1,590,000 after purchasing an additional 2,227 shares during the period. Hedge funds and other institutional investors hold 86.47% of the company’s shares.

Hanmi Financial Company Profile (Get an evaluation)

Hanmi Financial Corporation operates as a holding company for Hanmi Bank which provides corporate banking products and services in the United States. The Company offers various deposit products, including non-interest bearing checking accounts, interest bearing checking and savings accounts, negotiable withdrawal promissory accounts, money market accounts and certificates of deposit.

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