Renaissance Technologies LLC Cuts Stake in Hanmi Financial Co. (NASDAQ:HAFC)

Renaissance Technologies LLC trimmed its position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,252 shares of the bank's stock after selling 46,120 shares during the period. Renaissance Technologies LLC owned about 0.61% of Hanmi Financial worth $4,376,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Hanmi Financial by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock valued at $15,552,000 after acquiring an additional 349,339 shares during the last quarter. Barclays PLC lifted its position in Hanmi Financial by 74.0% in the third quarter. Barclays PLC now owns 67,158 shares of the bank's stock valued at $1,248,000 after purchasing an additional 28,561 shares during the last quarter. Amundi boosted its stake in shares of Hanmi Financial by 213.3% during the fourth quarter. Amundi now owns 15,115 shares of the bank's stock valued at $338,000 after purchasing an additional 10,290 shares during the period. Jane Street Group LLC increased its stake in shares of Hanmi Financial by 24.7% in the third quarter. Jane Street Group LLC now owns 60,051 shares of the bank's stock worth $1,117,000 after buying an additional 11,911 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Hanmi Financial by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock worth $11,553,000 after acquiring an additional 41,020 shares during the last quarter. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Trading Down 2.1 %

Hanmi Financial stock traded down $0.48 during mid-day trading on Friday, reaching $22.74. 120,889 shares of the company traded hands, compared to its average volume of 206,543. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. Hanmi Financial Co. has a 52-week low of $14.95 and a 52-week high of $27.59. The firm has a market capitalization of $687.52 million, a price-to-earnings ratio of 11.09 and a beta of 0.68. The firm's 50 day moving average price is $22.28 and its 200 day moving average price is $23.27.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $63.45 million. On average, analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Monday, May 5th. Hanmi Financial's payout ratio is presently 52.68%.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a "neutral" rating and set a $27.50 target price on shares of Hanmi Financial in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $25.75.

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.