AlphaQuest LLC Sells 38,159 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

AlphaQuest LLC lowered its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 82.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,121 shares of the bank's stock after selling 38,159 shares during the period. AlphaQuest LLC's holdings in Hanmi Financial were worth $192,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC grew its stake in Hanmi Financial by 26.1% in the 3rd quarter. FMR LLC now owns 879,979 shares of the bank's stock valued at $16,368,000 after buying an additional 182,164 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 buying an additional 349,339 shares in the last quarter. Stieven Capital Advisors L.P. grew its stake in Hanmi Financial by 20.6% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 571,053 shares of the bank's stock valued at $10,622,000 after buying an additional 97,500 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 valued at $11,553,000 after buying an additional 41,020 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Hanmi Financial by 0.6% in the 3rd quarter. Royce & Associates LP now owns 192,802 shares of the bank's stock valued at $3,586,000 after buying an additional 1,089 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company's stock.

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Hanmi Financial Trading Up 0.2 %

Shares of HAFC stock traded up $0.04 during mid-day trading on Thursday, reaching $22.10. The stock had a trading volume of 217,764 shares, compared to its average volume of 183,481. The stock's 50-day moving average price is $23.27 and its two-hundred day moving average price is $22.72. Hanmi Financial Co. has a 52-week low of $14.45 and a 52-week high of $27.59. The firm has a market capitalization of $667.33 million, a PE ratio of 10.78 and a beta of 0.87. 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 (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. Equities analysts expect that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 4.89%. This is a positive change from Hanmi Financial's previous quarterly dividend of $0.25. Hanmi Financial's payout ratio is presently 52.68%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HAFC shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. DA Davidson reissued a "neutral" rating and issued a $27.50 price target 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.75.

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.