Millennium Management LLC Sells 92,785 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Millennium Management LLC trimmed its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 48.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,883 shares of the bank's stock after selling 92,785 shares during the period. Millennium Management LLC owned about 0.32% of Hanmi Financial worth $2,288,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in Hanmi Financial by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock valued at $25,000 after acquiring an additional 747 shares during the period. R Squared Ltd purchased a new position in shares of Hanmi Financial during the fourth quarter worth about $43,000. Quantbot Technologies LP boosted its stake in Hanmi Financial by 5,858.5% in the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank's stock worth $58,000 after buying an additional 2,402 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in Hanmi Financial in the fourth quarter worth approximately $79,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Hanmi Financial in the fourth quarter worth approximately $132,000. 88.66% of the stock is currently owned by institutional investors.

Hanmi Financial Trading Up 0.4%

HAFC stock traded up $0.08 during midday trading on Thursday, hitting $22.74. The company had a trading volume of 94,369 shares, compared to its average volume of 201,125. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Hanmi Financial Co. has a 52 week low of $14.97 and a 52 week high of $27.59. The stock's 50 day moving average price is $22.52 and its 200 day moving average price is $23.39. The stock has a market cap 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 announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. The firm had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million. As a group, equities research analysts expect that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 5th were issued 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 dividend yield of 4.75%. Hanmi Financial's dividend payout ratio 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.