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

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hanmi Financial by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,112 shares of the bank's stock worth $404,000 after purchasing an additional 547 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Hanmi Financial by 0.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 176,354 shares of the bank's stock worth $4,165,000 after buying an additional 677 shares during the last quarter. Deutsche Bank AG grew its position in Hanmi Financial by 48.0% in the fourth quarter. Deutsche Bank AG now owns 29,642 shares of the bank's stock worth $700,000 after buying an additional 9,613 shares during the last quarter. Cresset Asset Management LLC grew its position in Hanmi Financial by 0.9% in the fourth quarter. Cresset Asset Management LLC now owns 56,990 shares of the bank's stock worth $1,346,000 after buying an additional 535 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Hanmi Financial by 29.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 49,268 shares of the bank's stock worth $1,164,000 after buying an additional 11,244 shares during the last quarter. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Price Performance

Hanmi Financial stock traded down $0.46 during mid-day trading on Wednesday, hitting $22.66. The company's stock had a trading volume of 75,121 shares, compared to its average volume of 201,649. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $684.60 million, a P/E ratio of 11.05 and a beta of 0.67. Hanmi Financial Co. has a twelve month low of $14.97 and a twelve month high of $27.59. The stock's fifty day moving average price is $22.52 and its two-hundred day moving average price is $23.41.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, topping 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 firm had revenue of $62.82 million for the quarter, compared to analysts' expectations of $63.45 million. Research analysts forecast that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 4.77%. The ex-dividend date 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.