Hanmi Financial Co. (NASDAQ:HAFC) Stock Holdings Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in Hanmi Financial Co. (NASDAQ:HAFC) by 24.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 65,451 shares of the bank’s stock after selling 20,908 shares during the period. BNP Paribas Financial Markets’ holdings in Hanmi Financial were worth $1,546,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of Hanmi Financial by 227.1% in 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 in the last quarter. R Squared Ltd acquired a new stake in Hanmi Financial during the 4th quarter valued at $43,000. Quantbot Technologies LP raised its stake in Hanmi Financial by 5,858.5% during the 4th quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,402 shares during the period. Aquatic Capital Management LLC acquired a new stake in Hanmi Financial during the 4th quarter valued at $79,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Hanmi Financial during the 4th quarter valued at $132,000. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $23.86 on Monday. The company’s fifty day moving average is $22.32 and its two-hundred day moving average is $23.53. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. Hanmi Financial Co. has a 12-month low of $14.95 and a 12-month high of $27.59. The company has a market cap of $720.86 million, a P/E ratio of 11.64 and a beta of 0.67.

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

Hanmi Financial Announces Dividend

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

Analyst Ratings Changes

Separately, DA Davidson reissued a “neutral” rating and set a $27.50 target price on shares of Hanmi Financial in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.75.

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.