Ameriprise Financial Inc. Has $5.77 Million Stake in Hanmi Financial Co. (NASDAQ:HAFC)

Ameriprise Financial Inc. decreased its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 244,055 shares of the bank's stock after selling 52,835 shares during the quarter. Ameriprise Financial Inc. owned 0.81% of Hanmi Financial worth $5,765,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in Hanmi Financial by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock worth $25,000 after buying an additional 747 shares in the last quarter. R Squared Ltd bought a new stake in shares of Hanmi Financial in the 4th quarter worth approximately $43,000. Quantbot Technologies LP grew its holdings in shares of Hanmi Financial by 5,858.5% during the 4th quarter. Quantbot Technologies LP now owns 2,443 shares of the bank's stock worth $58,000 after purchasing an additional 2,402 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Hanmi Financial during the fourth quarter valued at approximately $79,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Hanmi Financial in the fourth quarter valued at $132,000. Institutional investors and hedge funds own 88.66% of the company's stock.

Hanmi Financial Price Performance

HAFC traded up $0.32 during midday trading on Thursday, reaching $23.14. 107,994 shares of the company's stock were exchanged, compared to its average volume of 202,479. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $23.50. The firm has a market capitalization of $699.11 million, a price-to-earnings ratio of 11.29 and a beta of 0.67. Hanmi Financial Co. has a one year low of $14.97 and a one year high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. As a group, research analysts predict that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.67%. Hanmi Financial's payout ratio is presently 50.70%.

Wall Street Analyst Weigh In

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

About Hanmi Financial

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.