Public Employees Retirement System of Ohio Takes $637,000 Position in Hanmi Financial Corporation $HAFC

Public Employees Retirement System of Ohio bought a new position in shares of Hanmi Financial Corporation (NASDAQ:HAFC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,672 shares of the bank’s stock, valued at approximately $637,000. Public Employees Retirement System of Ohio owned approximately 0.07% of Hanmi Financial as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Illinois Municipal Retirement Fund boosted its holdings in Hanmi Financial by 2.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,900 shares of the bank’s stock worth $419,000 after buying an additional 342 shares during the last quarter. Royal Bank of Canada increased its stake in Hanmi Financial by 30.5% during the 4th quarter. Royal Bank of Canada now owns 1,880 shares of the bank’s stock worth $51,000 after buying an additional 439 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Hanmi Financial by 22.5% during the second quarter. GAMMA Investing LLC now owns 2,487 shares of the bank’s stock valued at $81,000 after acquiring an additional 456 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Hanmi Financial by 1.7% during the second quarter. Cerity Partners LLC now owns 36,771 shares of the bank’s stock valued at $908,000 after acquiring an additional 632 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hanmi Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,892 shares of the bank’s stock valued at $405,000 after acquiring an additional 780 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Trading Down 0.7%

Shares of Hanmi Financial stock opened at $31.46 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $31.88 and its 200-day simple moving average is $29.81. The stock has a market cap of $932.79 million, a P/E ratio of 10.59 and a beta of 0.72. Hanmi Financial Corporation has a 1-year low of $22.85 and a 1-year high of $33.50.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Hanmi Financial had a return on equity of 11.20% and a net margin of 19.82%.The firm had revenue of $72.21 million during the quarter, compared to analysts’ expectations of $74.03 million. Analysts predict that Hanmi Financial Corporation will post 3.18 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, August 3rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.6%. Hanmi Financial’s dividend payout ratio (DPR) is 37.71%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Brean Capital reaffirmed a “neutral” rating and issued a $32.00 price target on shares of Hanmi Financial in a research note on Thursday, May 28th. DA Davidson raised their price objective on Hanmi Financial from $31.50 to $34.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Capital One Financial set a $32.00 target price on shares of Hanmi Financial in a research note on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hanmi Financial in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.00.

About Hanmi Financial

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.