BNP Paribas Financial Markets Sells 20,908 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

BNP Paribas Financial Markets lessened its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 24.2% in the fourth 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 period. BNP Paribas Financial Markets owned approximately 0.22% of Hanmi Financial worth $1,546,000 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. Dimensional Fund Advisors LP raised its position in shares of Hanmi Financial by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,776,133 shares of the bank's stock worth $41,952,000 after purchasing an additional 31,634 shares during the last quarter. LSV Asset Management increased its stake in Hanmi Financial by 4.2% during the 4th quarter. LSV Asset Management now owns 1,183,181 shares of the bank's stock valued at $27,947,000 after purchasing an additional 47,700 shares in the last quarter. American Century Companies Inc. raised its holdings in Hanmi Financial by 13.0% in the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock worth $17,561,000 after buying an additional 85,425 shares during the last quarter. Rhino Investment Partners Inc bought a new position in shares of Hanmi Financial in the fourth quarter worth approximately $15,400,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Hanmi Financial by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock worth $11,553,000 after buying an additional 41,020 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company's stock.

Analyst Ratings Changes

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

Hanmi Financial Stock Performance

Shares of HAFC stock traded down $0.61 during trading hours on Wednesday, reaching $23.05. The company had a trading volume of 112,381 shares, compared to its average volume of 203,159. The firm has a market cap of $696.39 million, a PE ratio of 11.24 and a beta of 0.67. The business has a fifty day moving average price of $22.43 and a 200-day moving average price of $23.54. Hanmi Financial Co. has a one year low of $14.95 and a one year high of $27.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. Sell-side analysts predict that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is 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.