GAMMA Investing LLC Buys 31,568 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

GAMMA Investing LLC lifted its position in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 4,237.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,313 shares of the bank's stock after acquiring an additional 31,568 shares during the period. GAMMA Investing LLC owned approximately 0.11% of Hanmi Financial worth $7,320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HAFC. Dimensional Fund Advisors LP increased its stake in Hanmi Financial by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,776,133 shares of the bank's stock valued at $41,952,000 after purchasing an additional 31,634 shares in the last quarter. LSV Asset Management grew its holdings in shares of Hanmi Financial by 4.2% in the 4th quarter. LSV Asset Management now owns 1,183,181 shares of the bank's stock valued at $27,947,000 after buying an additional 47,700 shares during the period. American Century Companies Inc. increased its position in shares of Hanmi Financial by 13.0% in the 4th quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock valued at $17,561,000 after buying an additional 85,425 shares in the last quarter. Rhino Investment Partners Inc acquired a new stake in Hanmi Financial during the 4th quarter worth $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 worth $11,553,000 after acquiring an additional 41,020 shares in the last quarter. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Stock Down 0.2%

Shares of NASDAQ:HAFC traded down $0.05 during trading on Thursday, hitting $23.56. 96,704 shares of the company's stock traded hands, compared to its average volume of 199,682. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $22.68 and a 200-day moving average price of $23.33. Hanmi Financial Co. has a 52 week low of $14.97 and a 52 week high of $27.59. The company has a market cap of $711.79 million, a price-to-earnings ratio of 11.49 and a beta of 0.73.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued 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. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. The company had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million. As a group, research analysts forecast that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors 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 4.58%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's dividend payout ratio is presently 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.