Stieven Capital Advisors L.P. Boosts Holdings in Hanmi Financial Corporation (NASDAQ:HAFC)

Stieven Capital Advisors L.P. boosted its position in Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 9.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 608,076 shares of the bank's stock after purchasing an additional 51,323 shares during the period. Hanmi Financial comprises 2.7% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 14th biggest position. Stieven Capital Advisors L.P. owned approximately 2.01% of Hanmi Financial worth $13,779,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Hanmi Financial by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock valued at $11,553,000 after acquiring an additional 41,020 shares during the period. Smartleaf Asset Management LLC grew its position 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 valued at $25,000 after acquiring an additional 747 shares during the period. Victory Capital Management Inc. grew its position in shares of Hanmi Financial by 4.6% during the 4th quarter. Victory Capital Management Inc. now owns 25,554 shares of the bank's stock valued at $604,000 after acquiring an additional 1,119 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Hanmi Financial during the 4th quarter valued at approximately $364,000. Finally, Arizona State Retirement System purchased a new stake in shares of Hanmi Financial during the 4th quarter valued at approximately $207,000. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Stock Performance

Shares of HAFC stock traded down $0.25 during trading on Friday, reaching $25.80. 132,917 shares of the company's stock traded hands, compared to its average volume of 197,225. The company has a market capitalization of $779.42 million, a P/E ratio of 12.11 and a beta of 0.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm's 50-day moving average is $23.86 and its 200 day moving average is $23.17. Hanmi Financial Corporation has a 1 year low of $17.37 and a 1 year high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating 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 net margin of 15.05% and a return on equity of 8.84%. Equities research analysts expect that Hanmi Financial Corporation will post 2.6 EPS for the current year.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 5th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's payout ratio is currently 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.