Assenagon Asset Management S.A. Sells 270,389 Shares of Hanmi Financial Corporation (NASDAQ:HAFC)

Assenagon Asset Management S.A. lowered its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 89.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 31,569 shares of the bank's stock after selling 270,389 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Hanmi Financial worth $715,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC raised its stake in shares of Hanmi Financial by 1.9% in 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 increased its holdings in Hanmi Financial by 91.4% in the 1st 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 period. Pallas Capital Advisors LLC raised its stake 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 acquired a new position in shares of Hanmi Financial in the 1st quarter valued at $42,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Hanmi Financial by 24.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,964 shares of the bank's stock worth $498,000 after acquiring an additional 4,382 shares during the period. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Price Performance

Shares of Hanmi Financial stock traded up $0.17 during trading on Thursday, hitting $22.72. 102,006 shares of the company's stock traded hands, compared to its average volume of 198,909. The company has a market cap of $686.37 million, a PE ratio of 10.67 and a beta of 0.73. The firm's fifty day moving average price is $22.87 and its 200 day moving average price is $23.19. Hanmi Financial Corporation has a twelve month low of $15.29 and a twelve month high of $27.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.98.

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

Hanmi Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Monday, May 5th. Hanmi Financial's dividend payout ratio (DPR) is 50.70%.

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.