Hanmi Financial (NASDAQ:HAFC) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Hanmi Financial (NASDAQ:HAFC - Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.12), Zacks reports. Hanmi Financial had a net margin of 15.05% and a return on equity of 8.84%.

Hanmi Financial Stock Up 0.8%

Shares of Hanmi Financial stock traded up $0.20 during trading hours on Tuesday, reaching $26.12. 263,498 shares of the company were exchanged, compared to its average volume of 194,064. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98. Hanmi Financial has a 1 year low of $17.37 and a 1 year high of $27.59. The firm has a market cap of $789.09 million, a PE ratio of 12.26 and a beta of 0.73. The stock's fifty day moving average is $24.16 and its 200 day moving average is $23.28.

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's payout ratio is 50.70%.

Hedge Funds Weigh In On Hanmi Financial

Several large investors have recently bought and sold shares of HAFC. Empowered Funds LLC raised its holdings in Hanmi Financial by 5.4% during the first quarter. Empowered Funds LLC now owns 114,624 shares of the bank's stock worth $2,597,000 after purchasing an additional 5,920 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Hanmi Financial by 26.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,708 shares of the bank's stock valued at $1,942,000 after buying an additional 18,112 shares in the last quarter. Jane Street Group LLC increased its holdings in Hanmi Financial by 352.6% in the first quarter. Jane Street Group LLC now owns 44,723 shares of the bank's stock valued at $1,013,000 after buying an additional 34,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hanmi Financial by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,892 shares of the bank's stock worth $405,000 after purchasing an additional 780 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Hanmi Financial by 8.1% during the 1st quarter. Royal Bank of Canada now owns 16,441 shares of the bank's stock worth $372,000 after purchasing an additional 1,234 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company's stock.

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.

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