Public Employees Retirement Association of Colorado boosted its stake in shares of Hanmi Financial Corp. (NASDAQ:HAFC) by 151.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 576,225 shares of the company’s stock after buying an additional 347,400 shares during the period. Public Employees Retirement Association of Colorado owned approximately 1.81% of Hanmi Financial Corp. worth $13,536,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of Hanmi Financial Corp. by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock valued at $336,000 after buying an additional 100 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Hanmi Financial Corp. during the second quarter valued at approximately $2,404,000. Eqis Capital Management Inc. increased its position in shares of Hanmi Financial Corp. by 2.9% in the second quarter. Eqis Capital Management Inc. now owns 49,884 shares of the company’s stock valued at $1,172,000 after buying an additional 1,389 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Hanmi Financial Corp. by 15.0% in the second quarter. Capstone Asset Management Co. now owns 14,342 shares of the company’s stock valued at $337,000 after buying an additional 1,870 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Hanmi Financial Corp. by 94.5% in the second quarter. BNP Paribas Arbitrage SA now owns 10,395 shares of the company’s stock valued at $244,000 after buying an additional 5,051 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Institutional Ownership by Quarter for Hanmi Financial Corp. (NASDAQ:HAFC)

Shares of Hanmi Financial Corp. (NASDAQ:HAFC) traded down 2.38% during trading on Thursday, reaching $26.25. 40,518 shares of the company’s stock were exchanged. The company has a 50 day moving average of $26.35 and a 200 day moving average of $24.14. Hanmi Financial Corp. has a 12-month low of $18.92 and a 12-month high of $28.09. The stock has a market cap of $837.40 million, a P/E ratio of 14.66 and a beta of 1.07.

Hanmi Financial Corp. (NASDAQ:HAFC) last issued its earnings results on Tuesday, July 19th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Hanmi Financial Corp. had a net margin of 27.43% and a return on equity of 11.49%. During the same quarter in the prior year, the firm earned $0.44 EPS. Equities research analysts anticipate that Hanmi Financial Corp. will post $1.79 EPS for the current year.

Several equities analysts recently commented on the stock. Raymond James Financial Inc. upgraded shares of Hanmi Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Thursday, August 25th. Zacks Investment Research downgraded shares of Hanmi Financial Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, July 25th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $27.20.

In other Hanmi Financial Corp. news, Director Joon Hyung Lee sold 2,412 shares of Hanmi Financial Corp. stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $25.33, for a total transaction of $61,095.96. Following the transaction, the director now directly owns 270,285 shares of the company’s stock, valued at $6,846,319.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.91% of the company’s stock.

About Hanmi Financial Corp.

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.

5 Day Chart for NASDAQ:HAFC

Receive News & Stock Ratings for Hanmi Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial Corp. and related stocks with our FREE daily email newsletter.