Rhumbline Advisers Has $2.02 Million Position in Hanmi Financial Co. (NASDAQ:HAFC)

Rhumbline Advisers cut its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,052 shares of the bank’s stock after selling 5,115 shares during the period. Rhumbline Advisers owned approximately 0.29% of Hanmi Financial worth $2,018,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HAFC. Smartleaf Asset Management LLC increased its position in Hanmi Financial by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock worth $25,000 after buying an additional 747 shares during the last quarter. Quantbot Technologies LP raised its position in Hanmi Financial by 5,858.5% during the 4th quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock worth $58,000 after purchasing an additional 2,402 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Hanmi Financial in the fourth quarter valued at approximately $79,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Hanmi Financial during the fourth quarter worth $132,000. Finally, New York State Common Retirement Fund grew its position in shares of Hanmi Financial by 17.0% during the 4th quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank’s stock worth $195,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Price Performance

HAFC stock opened at $22.74 on Tuesday. Hanmi Financial Co. has a 1 year low of $14.97 and a 1 year high of $27.59. The stock has a market capitalization of $687.02 million, a PE ratio of 11.09 and a beta of 0.73. The company’s 50-day moving average is $22.82 and its 200-day moving average is $23.20. 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 released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $63.45 million. Equities research analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 5th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, May 5th. This represents a $1.08 annualized dividend and a yield of 4.75%. Hanmi Financial’s dividend payout ratio (DPR) 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.