Guggenheim Capital LLC Decreases Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Guggenheim Capital LLC reduced its position in shares of Hanmi Financial Co. (NASDAQ:HAFC – Get Rating) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,027 shares of the bank’s stock after selling 1,969 shares during the period. Guggenheim Capital LLC owned about 0.13% of Hanmi Financial worth $948,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Texas Permanent School Fund lifted its position in Hanmi Financial by 2.2% in the second quarter. Texas Permanent School Fund now owns 22,021 shares of the bank’s stock valued at $494,000 after acquiring an additional 464 shares during the last quarter. Sei Investments Co. lifted its position in Hanmi Financial by 3.1% in the second quarter. Sei Investments Co. now owns 21,327 shares of the bank’s stock valued at $462,000 after acquiring an additional 633 shares during the last quarter. New York State Common Retirement Fund lifted its position in Hanmi Financial by 1.5% in the third quarter. New York State Common Retirement Fund now owns 45,170 shares of the bank’s stock valued at $1,070,000 after acquiring an additional 653 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Hanmi Financial by 16.8% in the second quarter. Mutual of America Capital Management LLC now owns 5,117 shares of the bank’s stock valued at $115,000 after buying an additional 735 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Hanmi Financial by 1.0% in the second quarter. Rhumbline Advisers now owns 89,228 shares of the bank’s stock valued at $2,002,000 after buying an additional 856 shares during the last quarter. 88.75% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $22.80 on Wednesday. The company has a 50-day simple moving average of $24.03 and a 200-day simple moving average of $24.77. Hanmi Financial Co. has a one year low of $21.35 and a one year high of $27.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $695.40 million, a price-to-earnings ratio of 6.87 and a beta of 0.98.

Hanmi Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Monday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.39%. Hanmi Financial’s dividend payout ratio (DPR) is 30.12%.

Analyst Upgrades and Downgrades

Separately, Jonestrading reaffirmed a “buy” rating and issued a $29.00 target price on shares of Hanmi Financial in a report on Wednesday, January 25th.

Hanmi Financial Company Profile

(Get Rating)

Hanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. It offers checking, money market and savings, treasury management, and loans. The company was founded in 1982 and is headquartered in Los Angeles, CA.