Two Sigma Advisers LP Sells 43,400 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Two Sigma Advisers LP decreased its holdings in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,642 shares of the bank's stock after selling 43,400 shares during the period. Two Sigma Advisers LP owned 0.51% of Hanmi Financial worth $3,605,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Amundi increased its stake in shares of Hanmi Financial by 213.3% in the fourth quarter. Amundi now owns 15,115 shares of the bank's stock worth $338,000 after purchasing an additional 10,290 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hanmi Financial by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock worth $11,553,000 after purchasing an additional 41,020 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Hanmi Financial in the fourth quarter worth about $364,000. Jump Financial LLC purchased a new position in shares of Hanmi Financial in the fourth quarter worth about $478,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Hanmi Financial in the fourth quarter worth about $474,000. Hedge funds and other institutional investors own 88.66% of the company's stock.

Hanmi Financial Stock Performance

Shares of HAFC traded down $0.13 during trading hours on Friday, hitting $23.01. The company's stock had a trading volume of 126,599 shares, compared to its average volume of 202,708. The company has a market cap of $695.18 million, a price-to-earnings ratio of 11.22 and a beta of 0.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The business has a 50 day simple moving average of $22.52 and a two-hundred day simple moving average of $23.45. Hanmi Financial Co. has a 52-week low of $14.97 and a 52-week high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. The company had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. On average, equities analysts expect that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.69%. Hanmi Financial's dividend payout ratio (DPR) 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.