UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Hanmi Financial Co. (NASDAQ:HAFC) by 6.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 67,596 shares of the bank’s stock after selling 4,537 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hanmi Financial were worth $1,597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 747 shares during the last quarter. Quantbot Technologies LP lifted its position in Hanmi Financial by 5,858.5% in the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock worth $58,000 after buying an additional 2,402 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in Hanmi Financial during the fourth quarter worth $79,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Hanmi Financial in the fourth quarter valued at $132,000. Finally, New York State Common Retirement Fund boosted its stake 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 purchasing an additional 1,200 shares during the period. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Stock Up 2.6%

Shares of NASDAQ HAFC opened at $23.33 on Monday. Hanmi Financial Co. has a 1 year low of $14.97 and a 1 year high of $27.59. The firm has a 50-day simple moving average of $22.54 and a two-hundred day simple moving average of $23.34. The company has a market cap of $704.85 million, a P/E ratio of 11.38 and a beta of 0.73. 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 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%. Research analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current year.

Hanmi Financial Announces Dividend

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