Stieven Capital Advisors L.P. Sells 161,157 Shares of Hanmi Financial Corporation $HAFC

Stieven Capital Advisors L.P. trimmed its position in Hanmi Financial Corporation (NASDAQ:HAFC) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 473,519 shares of the bank’s stock after selling 161,157 shares during the period. Hanmi Financial makes up approximately 2.4% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 17th largest holding. Stieven Capital Advisors L.P.’s holdings in Hanmi Financial were worth $12,799,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Unison Advisors LLC lifted its holdings in shares of Hanmi Financial by 1.1% in the fourth quarter. Unison Advisors LLC now owns 32,259 shares of the bank’s stock valued at $872,000 after purchasing an additional 356 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Hanmi Financial by 17.3% in the third quarter. EverSource Wealth Advisors LLC now owns 2,672 shares of the bank’s stock valued at $66,000 after acquiring an additional 394 shares during the last quarter. Cerity Partners LLC increased its position in shares of Hanmi Financial by 1.7% in the second quarter. Cerity Partners LLC now owns 36,771 shares of the bank’s stock valued at $908,000 after acquiring an additional 632 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hanmi Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,892 shares of the bank’s stock valued at $405,000 after acquiring an additional 780 shares during the last quarter. Finally, Savant Capital LLC increased its position in shares of Hanmi Financial by 3.3% in the third quarter. Savant Capital LLC now owns 24,481 shares of the bank’s stock valued at $604,000 after acquiring an additional 781 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors.

Hanmi Financial Price Performance

Shares of NASDAQ HAFC opened at $30.17 on Friday. The business’s 50 day moving average price is $28.03 and its two-hundred day moving average price is $27.65. The company has a market cap of $898.16 million, a PE ratio of 11.26 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.16. Hanmi Financial Corporation has a twelve month low of $21.84 and a twelve month high of $31.33.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, April 21st. The bank reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. Hanmi Financial had a return on equity of 10.31% and a net margin of 18.05%.The company had revenue of $134.95 million for the quarter, compared to the consensus estimate of $71.40 million. On average, analysts predict that Hanmi Financial Corporation will post 3.16 EPS for the current year.

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.12 annualized dividend and a dividend yield of 3.7%. Hanmi Financial’s dividend payout ratio is presently 41.79%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HAFC. DA Davidson reaffirmed a “neutral” rating and issued a $29.50 target price on shares of Hanmi Financial in a research report on Thursday, January 29th. Piper Sandler boosted their price target on Hanmi Financial from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen downgraded Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price target on Hanmi Financial from $31.50 to $32.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.17.

Insider Activity at Hanmi Financial

In other news, insider Matthew Fuhr sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $30.83, for a total value of $101,739.00. Following the transaction, the insider owned 34,002 shares of the company’s stock, valued at approximately $1,048,281.66. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.12% of the company’s stock.

Hanmi Financial Company Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.