Hanmi Financial (NASDAQ:HAFC) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Hanmi Financial Corporation (NASDAQ:HAFC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.10 and traded as high as $26.91. Hanmi Financial shares last traded at $26.07, with a volume of 115,308 shares changing hands.

Hanmi Financial Stock Down 1.0%

The firm has a 50 day moving average price of $23.86 and a two-hundred day moving average price of $23.18. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $779.47 million, a price-to-earnings ratio of 12.11 and a beta of 0.73.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Hanmi Financial had a net margin of 15.05% and a return on equity of 8.84%. The business had revenue of $62.82 million for the quarter, compared to analysts' expectations of $63.45 million. As a group, sell-side analysts expect that Hanmi Financial Corporation will post 2.6 earnings per share for the current year.

Hanmi Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.19%. Hanmi Financial's dividend payout ratio (DPR) is 50.70%.

Hedge Funds Weigh In On Hanmi Financial

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its holdings in Hanmi Financial by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock worth $25,000 after acquiring an additional 747 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Hanmi Financial by 91.4% in the first quarter. GAMMA Investing LLC now owns 1,426 shares of the bank's stock valued at $32,000 after purchasing an additional 681 shares during the period. Quarry LP increased its stake in shares of Hanmi Financial by 114.3% in the first quarter. Quarry LP now owns 1,830 shares of the bank's stock valued at $41,000 after purchasing an additional 976 shares during the period. Curat Global LLC acquired a new stake in shares of Hanmi Financial in the first quarter valued at approximately $42,000. Finally, US Bancorp DE acquired a new stake in shares of Hanmi Financial in the first quarter valued at approximately $42,000. Institutional investors 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.