Hanmi Financial Co. (NASDAQ:HAFC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Hanmi Financial Co. (NASDAQ:HAFC) by 4,237.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 32,313 shares of the bank’s stock after buying an additional 31,568 shares during the period. GAMMA Investing LLC owned about 0.11% of Hanmi Financial worth $7,320,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of HAFC. Smartleaf Asset Management LLC boosted its holdings in shares of Hanmi Financial by 227.1% in the 4th 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 period. Quantbot Technologies LP boosted its holdings in shares of Hanmi Financial by 5,858.5% in the 4th 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 period. Aquatic Capital Management LLC acquired a new position in shares of Hanmi Financial in the 4th quarter valued at about $79,000. KLP Kapitalforvaltning AS acquired a new position in shares of Hanmi Financial in the 4th quarter valued at about $132,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Hanmi Financial by 17.0% in the 4th quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank’s stock valued at $195,000 after buying an additional 1,200 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.

Hanmi Financial Trading Up 2.6%

NASDAQ HAFC opened at $23.33 on Monday. Hanmi Financial Co. has a one year low of $14.97 and a one year high of $27.59. The company has a 50-day simple moving average of $22.54 and a 200-day simple moving average of $23.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market capitalization of $704.85 million, a PE ratio of 11.38 and a beta of 0.73.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. On average, equities analysts forecast that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.08 annualized dividend and a yield of 4.63%. Hanmi Financial’s dividend payout ratio is presently 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.