Teacher Retirement System of Texas Decreases Stake in Hanmi Financial Corporation (NASDAQ:HAFC)

Teacher Retirement System of Texas decreased its position in shares of Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 32.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,997 shares of the bank's stock after selling 22,957 shares during the quarter. Teacher Retirement System of Texas owned 0.16% of Hanmi Financial worth $1,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Hanmi Financial by 91.4% during the 1st quarter. GAMMA Investing LLC now owns 1,426 shares of the bank's stock worth $32,000 after purchasing an additional 681 shares during the period. Amundi grew its stake in Hanmi Financial by 213.3% in the 4th quarter. Amundi now owns 15,115 shares of the bank's stock valued at $338,000 after acquiring an additional 10,290 shares during the period. SG Americas Securities LLC grew its stake in Hanmi Financial by 1.9% in the 1st quarter. SG Americas Securities LLC now owns 25,406 shares of the bank's stock valued at $576,000 after acquiring an additional 480 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Hanmi Financial by 56.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,112 shares of the bank's stock valued at $566,000 after acquiring an additional 9,091 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hanmi Financial in the 4th quarter valued at $3,108,000. Institutional investors and hedge funds own 88.66% of the company's stock.

Hanmi Financial Price Performance

Hanmi Financial stock traded up $0.48 during trading on Thursday, reaching $26.19. The company had a trading volume of 135,365 shares, compared to its average volume of 194,755. The firm's 50-day simple moving average is $24.07 and its 200 day simple moving average is $23.24. Hanmi Financial Corporation has a 1-year low of $17.37 and a 1-year high of $27.59. The firm has a market capitalization of $791.20 million, a PE ratio of 12.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $62.82 million for the quarter, compared to analysts' expectations of $63.45 million. As a group, equities research analysts anticipate that Hanmi Financial Corporation will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.12%. Hanmi Financial's dividend payout ratio is currently 50.70%.

Hanmi Financial Company Profile

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.