Millennium Management LLC Lowers Position in Hanmi Financial Co. (NASDAQ:HAFC)

Millennium Management LLC lessened its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 48.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,883 shares of the bank's stock after selling 92,785 shares during the period. Millennium Management LLC owned 0.32% of Hanmi Financial worth $2,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd acquired a new position in shares of Hanmi Financial during the fourth quarter valued at about $43,000. Empowered Funds LLC grew its stake in shares of Hanmi Financial by 5.1% in the 4th quarter. Empowered Funds LLC now owns 108,704 shares of the bank's stock valued at $2,568,000 after buying an additional 5,258 shares during the period. Savant Capital LLC increased its position in Hanmi Financial by 4.4% in the 4th quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock valued at $431,000 after buying an additional 776 shares in the last quarter. Principal Financial Group Inc. raised its stake in Hanmi Financial by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 170,942 shares of the bank's stock worth $4,038,000 after buying an additional 6,643 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Hanmi Financial by 17.0% in the fourth quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank's stock worth $195,000 after acquiring an additional 1,200 shares in the last quarter. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Stock Up 1.4%

Hanmi Financial stock traded up $0.32 during mid-day trading on Tuesday, reaching $23.12. The stock had a trading volume of 83,759 shares, compared to its average volume of 201,887. The firm has a market capitalization of $698.50 million, a PE ratio of 11.28 and a beta of 0.67. Hanmi Financial Co. has a fifty-two week low of $14.97 and a fifty-two week high of $27.59. The stock's 50-day simple moving average is $22.52 and its 200-day simple moving average is $23.41. 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 issued its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $62.82 million for the quarter, compared to analysts' expectations of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, sell-side analysts forecast that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's dividend payout ratio 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.