Public Employees Retirement System of Ohio Buys Shares of 19,672 Hanmi Financial Corporation $HAFC

Public Employees Retirement System of Ohio purchased a new stake in Hanmi Financial Corporation (NASDAQ:HAFC) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 19,672 shares of the bank’s stock, valued at approximately $637,000.

Several other institutional investors have also recently made changes to their positions in HAFC. Assetmark Inc. lifted its holdings in Hanmi Financial by 35,033.3% in the first quarter. Assetmark Inc. now owns 1,054 shares of the bank’s stock valued at $28,000 after acquiring an additional 1,051 shares during the last quarter. Royal Bank of Canada increased its stake in Hanmi Financial by 30.5% during the fourth quarter. Royal Bank of Canada now owns 1,880 shares of the bank’s stock worth $51,000 after acquiring an additional 439 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Hanmi Financial by 343.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Hanmi Financial by 148.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,442 shares during the period. Finally, GAMMA Investing LLC raised its position in Hanmi Financial by 22.5% in the second quarter. GAMMA Investing LLC now owns 2,487 shares of the bank’s stock valued at $81,000 after purchasing an additional 456 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Analysts Set New Price Targets

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

Hanmi Financial Stock Down 0.7%

Shares of NASDAQ HAFC opened at $31.46 on Thursday. The firm has a market cap of $932.79 million, a price-to-earnings ratio of 10.59 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25. Hanmi Financial Corporation has a 52-week low of $22.85 and a 52-week high of $33.50. The business’s 50 day moving average is $31.88 and its two-hundred day moving average is $29.81.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.79 EPS for the quarter, topping 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 business had revenue of $72.21 million during the quarter, compared to analyst estimates of $74.03 million. Research analysts predict that Hanmi Financial Corporation will post 3.18 EPS for the current year.

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, August 3rd were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.12 annualized dividend and a yield of 3.6%. Hanmi Financial’s dividend payout ratio is presently 37.71%.

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.