GAMMA Investing LLC Invests $30,000 in Hanmi Financial Co. (NASDAQ:HAFC)

GAMMA Investing LLC acquired a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,541 shares of the bank’s stock, valued at approximately $30,000.

Other large investors also recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Hanmi Financial during the 3rd quarter valued at about $30,000. Meeder Asset Management Inc. bought a new stake in Hanmi Financial in the 4th quarter worth approximately $37,000. CWM LLC raised its stake in Hanmi Financial by 291.6% during the 4th quarter. CWM LLC now owns 2,232 shares of the bank’s stock valued at $43,000 after buying an additional 1,662 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Hanmi Financial during the 4th quarter valued at $46,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Hanmi Financial by 66.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,043 shares of the bank’s stock valued at $137,000 after buying an additional 2,800 shares during the period. 88.66% of the stock is currently owned by institutional investors.

Hanmi Financial Trading Down 0.6 %

Shares of HAFC stock opened at $15.80 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $478.42 million, a price-to-earnings ratio of 6.58 and a beta of 0.93. Hanmi Financial Co. has a 1 year low of $13.35 and a 1 year high of $20.31. The firm has a fifty day moving average price of $15.28 and a 200-day moving average price of $16.43.

Hanmi Financial Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on HAFC shares. Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of Hanmi Financial in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price target (down previously from $18.50) on shares of Hanmi Financial in a research report on Wednesday, April 24th.

Hanmi Financial Company 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.