Eqis Capital Management Lowers stake in Hanmi Financial Corp (HAFC)

Hanmi Financial Corp (HAFC) : Eqis Capital Management reduced its stake in Hanmi Financial Corp by 12.88% during the most recent quarter end. The investment management company now holds a total of 43,460 shares of Hanmi Financial Corp which is valued at $1,168,205 after selling 6,424 shares in Hanmi Financial Corp , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Hanmi Financial Corp makes up approximately 0.07% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group reduced its stake in HAFC by selling 1,301 shares or 6.28% in the most recent quarter. The Hedge Fund company now holds 19,410 shares of HAFC which is valued at $521,741. Hanmi Financial Corp makes up approx 0.11% of Beacon Financial Group’s portfolio.

Hanmi Financial Corp opened for trading at $26.28 and hit $26.6312 on the upside on Tuesday, eventually ending the session at $26.32, with a gain of 0.61% or 0.16 points. The heightened volatility saw the trading volume jump to 75,688 shares. Company has a market cap of $849 M.

Hanmi Financial Corporation (Hanmi Financial) is a holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking with its primary market encompassing the Korean-American community as well as other communities in the multi-ethnic populations of Los Angeles County Orange County San Bernardino County San Diego County the San Francisco Bay area and the Silicon Valley area in Santa Clara County. The Bank’s client base reflects the multi-ethnic composition of these communities. At December 31 2014 the Bank maintained a branch network of 49 full-service branch offices in California Illinois New Jersey New York Texas and Virginia and loan production offices in California Colorado Texas Virginia and Washington State. The Bank’s revenues are derived from interest and fees on its loans interest and dividends on its securities portfolio and service charges on deposit accounts as well as bargain purchase gain.

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