Bridgeway Capital Management LLC Has $10.41 Million Stake in Hanmi Financial Co. (NASDAQ:HAFC)

Bridgeway Capital Management LLC cut its stake in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 440,762 shares of the bank's stock after selling 19,742 shares during the quarter. Bridgeway Capital Management LLC owned 1.46% of Hanmi Financial worth $10,411,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Hanmi Financial by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock worth $25,000 after purchasing an additional 747 shares in the last quarter. R Squared Ltd bought a new position in shares of Hanmi Financial during the 4th quarter worth approximately $43,000. Versant Capital Management Inc boosted its holdings in shares of Hanmi Financial by 110.7% during the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock worth $47,000 after buying an additional 1,035 shares during the period. Quantbot Technologies LP grew its position in shares of Hanmi Financial by 5,858.5% in the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank's stock valued at $58,000 after purchasing an additional 2,402 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Hanmi Financial during the fourth quarter worth about $79,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Trading Down 0.7 %

Shares of HAFC stock traded down $0.17 during mid-day trading on Friday, reaching $23.35. 96,455 shares of the stock traded hands, compared to its average volume of 203,555. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. Hanmi Financial Co. has a 1-year low of $14.95 and a 1-year high of $27.59. The stock's fifty day simple moving average is $22.15 and its two-hundred day simple moving average is $23.48. The company has a market cap of $705.59 million, a price-to-earnings ratio of 11.39 and a beta of 0.67.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $62.82 million for the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, research analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a "neutral" rating and issued a $27.50 price target on shares of Hanmi Financial in a research 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 stock presently has a consensus rating of "Hold" and an average target price of $25.75.

Hanmi Financial 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.