Millennium Management LLC Sells 92,785 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Millennium Management LLC trimmed its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,883 shares of the bank’s stock after selling 92,785 shares during the quarter. Millennium Management LLC owned 0.32% of Hanmi Financial worth $2,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HAFC. Rhino Investment Partners Inc bought a new stake in shares of Hanmi Financial during the fourth quarter worth $15,400,000. Invesco Ltd. lifted its position in shares of Hanmi Financial by 106.8% during the fourth quarter. Invesco Ltd. now owns 403,586 shares of the bank’s stock worth $9,533,000 after purchasing an additional 208,463 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Hanmi Financial during the fourth quarter worth $4,262,000. American Century Companies Inc. lifted its position in shares of Hanmi Financial by 13.0% during the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank’s stock worth $17,561,000 after purchasing an additional 85,425 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Hanmi Financial during the fourth quarter worth $1,652,000. 88.66% of the stock is currently owned by institutional investors.

Hanmi Financial Stock Down 0.6%

NASDAQ:HAFC opened at $23.01 on Monday. Hanmi Financial Co. has a twelve month low of $14.97 and a twelve month high of $27.59. The company has a market cap of $695.18 million, a price-to-earnings ratio of 11.22 and a beta of 0.67. The stock has a fifty day simple moving average of $22.52 and a 200-day simple moving average of $23.43. 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) last released its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. Analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.69%. Hanmi Financial’s dividend payout ratio is currently 50.70%.

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.