Hanmi Financial Co. (NASDAQ:HAFC) Stake Decreased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,451 shares of the bank’s stock after selling 20,908 shares during the period. BNP Paribas Financial Markets owned 0.22% of Hanmi Financial worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Hanmi Financial by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock valued at $25,000 after buying an additional 747 shares during the last quarter. R Squared Ltd bought a new stake in shares of Hanmi Financial during the fourth quarter valued at approximately $43,000. Quantbot Technologies LP raised its holdings in shares of Hanmi Financial by 5,858.5% during the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock valued at $58,000 after buying an additional 2,402 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Hanmi Financial during the fourth quarter valued at approximately $79,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Hanmi Financial during the fourth quarter valued at approximately $132,000. Institutional investors own 88.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “neutral” rating and set a $27.50 target price on shares of Hanmi Financial in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.75.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $23.86 on Monday. Hanmi Financial Co. has a 12 month low of $14.95 and a 12 month high of $27.59. The stock has a market cap of $720.86 million, a price-to-earnings ratio of 11.64 and a beta of 0.67. The stock’s 50 day moving average price is $22.32 and its 200 day moving average price is $23.53. 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 (NASDAQ:HAFC) last announced its 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 return on equity of 8.64% and a net margin of 14.45%. The firm had revenue of $62.82 million for the quarter, compared to analysts’ expectations of $63.45 million. Equities research analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th will be issued a $0.27 dividend. The ex-dividend date is Monday, May 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.53%. Hanmi Financial’s dividend payout ratio is currently 50.70%.

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.