Hanmi Financial (NASDAQ:HAFC) Share Price Passes Above Two Hundred Day Moving Average - Time to 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 traded.

Hanmi Financial Stock Down 1.7%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day moving average price of $23.63 and a 200 day moving average price of $23.10. The firm has a market capitalization of $787.63 million, a price-to-earnings ratio of 12.24 and a beta of 0.73.

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

Hanmi Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's dividend payout ratio (DPR) is presently 50.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted 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 valued at $25,000 after purchasing an additional 747 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Hanmi Financial by 91.4% in the 1st quarter. GAMMA Investing LLC now owns 1,426 shares of the bank's stock worth $32,000 after acquiring an additional 681 shares in the last quarter. Quarry LP grew its position in shares of Hanmi Financial by 114.3% in the 1st quarter. Quarry LP now owns 1,830 shares of the bank's stock worth $41,000 after acquiring an additional 976 shares in the last quarter. Curat Global LLC acquired a new position in shares of Hanmi Financial in the 1st quarter worth approximately $42,000. Finally, US Bancorp DE acquired a new position in shares of Hanmi Financial in the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 88.66% of the company's stock.

Hanmi Financial Company 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.

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