Assenagon Asset Management S.A. Decreases Stake in Hanmi Financial Corporation (NASDAQ:HAFC)

Assenagon Asset Management S.A. cut its stake in Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 89.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,569 shares of the bank's stock after selling 270,389 shares during the quarter. Assenagon Asset Management S.A. owned about 0.10% of Hanmi Financial worth $715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC boosted its position in Hanmi Financial by 1.9% during the first quarter. SG Americas Securities LLC now owns 25,406 shares of the bank's stock valued at $576,000 after purchasing an additional 480 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Hanmi Financial by 91.4% during the first quarter. GAMMA Investing LLC now owns 1,426 shares of the bank's stock valued at $32,000 after buying an additional 681 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Hanmi Financial by 5.1% in the 1st quarter. Pallas Capital Advisors LLC now owns 12,453 shares of the bank's stock valued at $282,000 after buying an additional 600 shares in the last quarter. Curat Global LLC bought a new stake in shares of Hanmi Financial in the 1st quarter valued at about $42,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Hanmi Financial by 24.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,964 shares of the bank's stock worth $498,000 after buying an additional 4,382 shares during the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Hanmi Financial Stock Up 0.4%

Shares of NASDAQ HAFC traded up $0.08 during trading hours on Friday, hitting $22.80. 524,340 shares of the stock were exchanged, compared to its average volume of 198,837. Hanmi Financial Corporation has a 12 month low of $15.40 and a 12 month high of $27.59. The firm has a fifty day moving average price of $22.96 and a 200-day moving average price of $23.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a market cap of $688.79 million, a PE ratio of 10.70 and a beta of 0.73.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $62.82 million for the quarter, compared to the consensus estimate of $63.45 million. Hanmi Financial had a return on equity of 8.84% and a net margin of 15.05%. On average, sell-side analysts expect that Hanmi Financial Corporation will post 2.6 EPS for the current year.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's dividend payout ratio (DPR) is presently 50.70%.

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.