Public Employees Retirement System of Ohio maintained its stake in Hanmi Financial Corporation (NASDAQ:HAFC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,300 shares of the bank’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned approximately 0.20% of Hanmi Financial Corporation worth $2,008,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in HAFC. State of Alaska Department of Revenue raised its stake in Hanmi Financial Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 3,570 shares of the bank’s stock worth $109,000 after buying an additional 80 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Hanmi Financial Corporation during the first quarter worth about $113,000. Victory Capital Management Inc. purchased a new stake in Hanmi Financial Corporation during the first quarter worth about $134,000. Federated Investors Inc. PA purchased a new stake in Hanmi Financial Corporation during the fourth quarter worth about $192,000. Finally, Highbridge Capital Management LLC purchased a new stake in Hanmi Financial Corporation during the fourth quarter worth about $214,000. Institutional investors and hedge funds own 88.29% of the company’s stock.
Hanmi Financial Corporation (NASDAQ:HAFC) opened at 28.55 on Friday. The firm has a 50-day moving average of $28.34 and a 200 day moving average of $30.51. The firm has a market cap of $915.20 million, a price-to-earnings ratio of 16.60 and a beta of 0.80. Hanmi Financial Corporation has a 1-year low of $22.78 and a 1-year high of $35.85.
Hanmi Financial Corporation (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. The business had revenue of $52.88 million for the quarter, compared to analyst estimates of $50.85 million. During the same quarter last year, the firm earned $0.44 EPS. Analysts expect that Hanmi Financial Corporation will post $1.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Friday, July 28th will be paid a dividend of $0.21 per share. This is a positive change from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $0.84 annualized dividend and a yield of 2.94%. Hanmi Financial Corporation’s dividend payout ratio (DPR) is presently 43.68%.
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A number of research firms have recently issued reports on HAFC. FBR & Co restated an “outperform” rating and set a $34.00 price target (down previously from $39.00) on shares of Hanmi Financial Corporation in a report on Wednesday, April 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $29.00 price target on shares of Hanmi Financial Corporation in a report on Wednesday, April 5th. Zacks Investment Research upgraded shares of Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Piper Jaffray Companies cut their price target on shares of Hanmi Financial Corporation from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Hanmi Financial Corporation currently has an average rating of “Hold” and an average target price of $32.00.
In other Hanmi Financial Corporation news, Director Joon Hyung Lee sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $29.40, for a total transaction of $176,400.00. Following the sale, the director now directly owns 265,285 shares in the company, valued at approximately $7,799,379. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.91% of the stock is owned by company insiders.
About Hanmi Financial Corporation
Hanmi Financial Corporation is the 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 ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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