Teacher Retirement System of Texas acquired a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 69,954 shares of the bank's stock, valued at approximately $1,652,000. Teacher Retirement System of Texas owned 0.23% of Hanmi Financial as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its position in shares of Hanmi Financial by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock valued at $25,000 after acquiring an additional 747 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Hanmi Financial during the third quarter valued at approximately $28,000. R Squared Ltd purchased a new position in Hanmi Financial in the 4th quarter worth approximately $43,000. Versant Capital Management Inc increased its holdings in shares of Hanmi Financial by 110.7% in the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock worth $47,000 after buying an additional 1,035 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Hanmi Financial by 17.0% during the 4th quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank's stock valued at $195,000 after buying an additional 1,200 shares in the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.
Hanmi Financial Trading Up 0.4 %
Shares of HAFC stock traded up $0.08 on Monday, hitting $22.66. 228,323 shares of the company's stock traded hands, compared to its average volume of 201,508. The stock has a market capitalization of $684.24 million, a price-to-earnings ratio of 11.05 and a beta of 0.87. The company's fifty day simple moving average is $23.32 and its 200 day simple moving average is $22.96. Hanmi Financial Co. has a one year low of $14.45 and a one year high of $27.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. Equities analysts forecast that Hanmi Financial Co. will post 2.6 EPS for the current year.
Hanmi Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a $0.27 dividend. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.77%. Hanmi Financial's payout ratio is presently 52.68%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on HAFC. DA Davidson reissued a "neutral" rating and issued a $27.50 target price on shares of Hanmi Financial in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Hanmi Financial currently has a consensus rating of "Hold" and an average price target of $25.75.
Check Out Our Latest Report on HAFC
Hanmi Financial Company Profile
(
Free Report)
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.
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