Yousif Capital Management LLC Trims Position in Hanmi Financial Co. (NASDAQ:HAFC)

Yousif Capital Management LLC cut its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 15.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,050 shares of the bank’s stock after selling 2,705 shares during the quarter. Yousif Capital Management LLC’s holdings in Hanmi Financial were worth $292,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in Hanmi Financial by 107.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock worth $4,734,000 after buying an additional 150,861 shares during the last quarter. American Century Companies Inc. raised its position in Hanmi Financial by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock worth $5,825,000 after buying an additional 35,104 shares during the last quarter. Alps Advisors Inc. raised its position in Hanmi Financial by 35.7% during the 3rd quarter. Alps Advisors Inc. now owns 20,088 shares of the bank’s stock worth $326,000 after buying an additional 5,282 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Hanmi Financial by 148.3% during the 3rd quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank’s stock worth $861,000 after purchasing an additional 31,682 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Hanmi Financial by 1.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 208,574 shares of the bank’s stock worth $3,385,000 after purchasing an additional 3,494 shares during the period. 88.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on HAFC. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Hanmi Financial in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price objective (down previously from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th.

Hanmi Financial Price Performance

Hanmi Financial stock opened at $15.97 on Tuesday. The company’s fifty day moving average price is $15.30 and its 200 day moving average price is $16.44. Hanmi Financial Co. has a 1 year low of $13.64 and a 1 year high of $20.31. The stock has a market capitalization of $483.57 million, a P/E ratio of 6.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.98.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 6th will be paid a $0.25 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 6.26%. Hanmi Financial’s dividend payout ratio is currently 41.67%.

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.