Nuveen Asset Management LLC Sells 14,579 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Nuveen Asset Management LLC reduced its position in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,024 shares of the bank's stock after selling 14,579 shares during the quarter. Nuveen Asset Management LLC owned about 0.43% of Hanmi Financial worth $3,048,000 at the end of the most recent quarter.

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

Hanmi Financial Price Performance

Shares of HAFC traded up $0.59 during mid-day trading on Friday, reaching $23.33. The company had a trading volume of 129,784 shares, compared to its average volume of 200,967. The company has a market capitalization of $704.85 million, a price-to-earnings ratio of 11.38 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The company's 50 day simple moving average is $22.54 and its 200 day simple moving average is $23.37. Hanmi Financial Co. has a 1-year low of $14.97 and a 1-year high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating 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 business had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million. Analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date was Monday, May 5th. Hanmi Financial's payout ratio is 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.