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

LSV Asset Management lowered its stake in Hanmi Financial Co. (NASDAQ:HAFC) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,162,347 shares of the bank’s stock after selling 46,900 shares during the quarter. LSV Asset Management’s holdings in Hanmi Financial were worth $22,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio purchased a new stake in Hanmi Financial in the third quarter worth $30,000. GAMMA Investing LLC purchased a new stake in Hanmi Financial in the fourth quarter worth $30,000. Meeder Asset Management Inc. purchased a new stake in Hanmi Financial in the fourth quarter worth $37,000. Simplex Trading LLC lifted its stake in Hanmi Financial by 1,406.7% in the fourth quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock worth $39,000 after acquiring an additional 1,899 shares during the period. Finally, CWM LLC lifted its stake in Hanmi Financial by 291.6% in the fourth quarter. CWM LLC now owns 2,232 shares of the bank’s stock worth $43,000 after acquiring an additional 1,662 shares during the period. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Price Performance

HAFC opened at $15.97 on Tuesday. The stock has a fifty day simple moving average of $15.30 and a two-hundred day simple moving average of $16.44. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. The company has a market cap of $483.57 million, a price-to-earnings ratio of 6.65 and a beta of 0.93. Hanmi Financial Co. has a 12-month low of $13.64 and a 12-month high of $20.31.

Hanmi Financial Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 3rd. This represents a $1.00 annualized dividend and a dividend yield of 6.26%. Hanmi Financial’s payout ratio is presently 41.67%.

Analyst Upgrades and Downgrades

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

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.