Teacher Retirement System of Texas trimmed its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 32.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,997 shares of the bank's stock after selling 22,957 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.16% of Hanmi Financial worth $1,065,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rhino Investment Partners Inc bought a new stake in shares of Hanmi Financial during the fourth quarter worth $15,400,000. Invesco Ltd. boosted its holdings in shares of Hanmi Financial by 106.8% during the 4th quarter. Invesco Ltd. now owns 403,586 shares of the bank's stock valued at $9,533,000 after acquiring an additional 208,463 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Hanmi Financial during the 4th quarter worth $4,262,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hanmi Financial in the 4th quarter worth about $3,108,000. Finally, American Century Companies Inc. increased its holdings in Hanmi Financial by 13.0% in the 4th quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock worth $17,561,000 after purchasing an additional 85,425 shares in the last quarter. Institutional investors own 88.66% of the company's stock.
Hanmi Financial Trading Up 1.7%
Shares of HAFC stock traded up $0.44 during mid-day trading on Monday, reaching $26.24. 138,862 shares of the stock traded hands, compared to its average volume of 183,555. The company has a market cap of $792.76 million, a price-to-earnings ratio of 12.32 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The stock's fifty day simple moving average is $23.86 and its two-hundred day simple moving average is $23.17. Hanmi Financial Corporation has a 1-year low of $17.37 and a 1-year high of $27.59.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Hanmi Financial had a net margin of 15.05% and a return on equity of 8.84%. The business had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. On average, research analysts anticipate that Hanmi Financial Corporation will post 2.6 EPS for the current fiscal year.
Hanmi Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.12%. Hanmi Financial's dividend payout ratio (DPR) is presently 50.70%.
About Hanmi Financial
(
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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