Bank of America Corp DE Lowers Stake in Hanmi Financial Co. (NASDAQ:HAFC)

Bank of America Corp DE lessened its position in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,832 shares of the bank's stock after selling 22,639 shares during the period. Bank of America Corp DE owned 0.34% of Hanmi Financial worth $2,405,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HAFC. Smartleaf Asset Management LLC grew its holdings in Hanmi Financial by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock worth $25,000 after acquiring an additional 747 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Hanmi Financial in the 4th quarter worth about $43,000. Quantbot Technologies LP lifted its position in shares of Hanmi Financial by 5,858.5% in 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 during the period. Aquatic Capital Management LLC purchased a new stake in shares of Hanmi Financial in the 4th quarter worth about $79,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Hanmi Financial in the 4th quarter worth about $132,000. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Trading Up 0.4%

Shares of NASDAQ:HAFC traded up $0.08 on Thursday, hitting $22.74. The company had a trading volume of 94,369 shares, compared to its average volume of 201,125. The firm's 50-day simple moving average is $22.52 and its two-hundred day simple moving average is $23.39. Hanmi Financial Co. has a 1 year low of $14.97 and a 1 year high of $27.59. 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 firm has a market capitalization of $687.02 million, a price-to-earnings ratio of 11.09 and a beta of 0.67.

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. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. The firm had revenue of $62.82 million during the quarter, compared to analysts' expectations of $63.45 million. Equities analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 5th were given 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 yield of 4.75%. Hanmi Financial's dividend payout ratio (DPR) is currently 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.