20,072 Shares in Hanmi Financial Co. (NASDAQ:HAFC) Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. purchased a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,072 shares of the bank's stock, valued at approximately $474,000. Balyasny Asset Management L.P. owned approximately 0.07% of Hanmi Financial at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HAFC. Dimensional Fund Advisors LP boosted its holdings in Hanmi Financial by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,776,133 shares of the bank's stock worth $41,952,000 after buying an additional 31,634 shares in the last quarter. LSV Asset Management lifted its holdings in Hanmi Financial by 4.2% during the fourth quarter. LSV Asset Management now owns 1,183,181 shares of the bank's stock valued at $27,947,000 after purchasing an additional 47,700 shares in the last quarter. American Century Companies Inc. lifted its holdings in Hanmi Financial by 13.0% during the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock valued at $17,561,000 after purchasing an additional 85,425 shares in the last quarter. Rhino Investment Partners Inc purchased a new position in Hanmi Financial during the fourth quarter valued at $15,400,000. Finally, Bank of New York Mellon Corp lifted its holdings in Hanmi Financial by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock valued at $11,553,000 after purchasing an additional 41,020 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company's stock.

Hanmi Financial Price Performance

Shares of NASDAQ HAFC traded down $0.32 during mid-day trading on Wednesday, reaching $23.34. The company's stock had a trading volume of 8,674 shares, compared to its average volume of 202,384. The stock has a 50-day moving average of $22.36 and a two-hundred day moving average of $23.54. The stock has a market capitalization of $705.15 million, a P/E ratio of 11.39 and a beta of 0.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. Hanmi Financial Co. has a 1-year low of $14.95 and a 1-year high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $62.82 million during the quarter, compared to analysts' expectations of $63.45 million. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. On average, equities research analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.63%. The ex-dividend date is Monday, May 5th. Hanmi Financial's dividend payout ratio (DPR) is presently 50.70%.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a "neutral" rating and set a $27.50 price objective on shares of Hanmi Financial in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.75.

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.