Two Sigma Investments LP Cuts Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Two Sigma Investments LP reduced its stake in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,746 shares of the bank's stock after selling 58,189 shares during the period. Two Sigma Investments LP owned 0.39% of Hanmi Financial worth $2,781,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Amundi grew its holdings in 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 during the period. Bank of New York Mellon Corp grew its holdings in 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 during the period. Proficio Capital Partners LLC purchased a new stake in Hanmi Financial in the fourth quarter worth about $364,000. Jump Financial LLC purchased a new stake in Hanmi Financial in the fourth quarter worth about $478,000. Finally, Balyasny Asset Management L.P. purchased a new stake in 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 Down 2.0%

HAFC traded down $0.46 during midday trading on Wednesday, reaching $22.66. The company's stock had a trading volume of 75,121 shares, compared to its average volume of 201,572. The firm has a market capitalization of $684.60 million, a price-to-earnings ratio of 11.05 and a beta of 0.67. 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 1 year low of $14.97 and a 1 year high of $27.59. The stock's 50-day moving average is $22.52 and its 200-day moving average is $23.41.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted 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. 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. As a group, research analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's payout ratio is 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.