Hanmi Financial Co. (NASDAQ:HAFC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,451 shares of the bank's stock after selling 20,908 shares during the quarter. BNP Paribas Financial Markets owned 0.22% of Hanmi Financial worth $1,546,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Hanmi Financial by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock worth $25,000 after purchasing an additional 747 shares during the last quarter. R Squared Ltd acquired a new position in shares of Hanmi Financial during the 4th quarter worth about $43,000. Quantbot Technologies LP raised its position 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 during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Hanmi Financial during the 4th quarter worth about $79,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Hanmi Financial during the 4th quarter worth about $132,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a "neutral" rating and issued a $27.50 price objective on shares of Hanmi Financial in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Hanmi Financial has an average rating of "Hold" and an average target price of $25.75.

Hanmi Financial Stock Down 0.2%

Hanmi Financial stock traded down $0.04 during trading on Friday, reaching $22.81. The stock had a trading volume of 93,281 shares, compared to its average volume of 203,343. The stock has a market cap of $689.14 million, a PE ratio of 11.13 and a beta of 0.67. The business has a 50 day moving average price of $22.46 and a 200 day moving average price of $23.53. Hanmi Financial Co. has a 52-week low of $14.95 and a 52-week 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.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released 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. The business had revenue of $62.82 million during the quarter, compared to analysts' expectations of $63.45 million. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. On average, analysts predict that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders 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 annualized dividend and a dividend yield of 4.73%. Hanmi Financial's dividend payout ratio (DPR) is currently 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.