LSV Asset Management Sells 46,900 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

LSV Asset Management reduced its position in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,162,347 shares of the bank’s stock after selling 46,900 shares during the period. LSV Asset Management owned 3.82% of Hanmi Financial worth $22,550,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAFC. Strs Ohio bought a new stake in shares of Hanmi Financial during the 3rd quarter worth $30,000. GAMMA Investing LLC bought a new stake in shares of Hanmi Financial during the 4th quarter worth $30,000. Meeder Asset Management Inc. bought a new stake in shares of Hanmi Financial during the 4th quarter worth $37,000. Simplex Trading LLC boosted its holdings in Hanmi Financial by 1,406.7% in the 4th quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,899 shares during the period. Finally, CWM LLC boosted its holdings in Hanmi Financial by 291.6% in the 4th quarter. CWM LLC now owns 2,232 shares of the bank’s stock valued at $43,000 after purchasing an additional 1,662 shares during the period. 88.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on HAFC shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 price target (down from $18.50) on shares of Hanmi Financial in a report on Wednesday, April 24th. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Hanmi Financial in a report on Wednesday, April 24th.

Hanmi Financial Price Performance

NASDAQ:HAFC opened at $15.97 on Tuesday. The company has a 50-day moving average of $15.30 and a 200-day moving average of $16.44. The company has a market capitalization of $483.57 million, a price-to-earnings ratio of 6.65 and a beta of 0.93. Hanmi Financial Co. has a 52 week low of $13.64 and a 52 week high of $20.31. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date is Friday, May 3rd. Hanmi Financial’s payout ratio is 41.67%.

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.