Hanmi Financial Co. (NASDAQ:HAFC) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Hanmi Financial Co. (NASDAQ:HAFC) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,340 shares of the bank’s stock after acquiring an additional 821 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Hanmi Financial worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in HAFC. Strs Ohio acquired a new position in shares of Hanmi Financial in the 3rd quarter valued at $30,000. Teacher Retirement System of Texas boosted its holdings in Hanmi Financial by 3.4% in the third quarter. Teacher Retirement System of Texas now owns 28,605 shares of the bank’s stock valued at $464,000 after purchasing an additional 933 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Hanmi Financial in the third quarter valued at $265,000. Assenagon Asset Management S.A. boosted its holdings in Hanmi Financial by 107.1% in the third quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock valued at $4,734,000 after purchasing an additional 150,861 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in Hanmi Financial in the third quarter valued at $308,000. 88.66% of the stock is owned by institutional investors and hedge funds.

Hanmi Financial Trading Up 1.2 %

HAFC stock opened at $15.82 on Friday. The company’s 50-day simple moving average is $15.24 and its 200-day simple moving average is $16.44. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.43. Hanmi Financial Co. has a 52-week low of $13.35 and a 52-week high of $20.31. The firm has a market cap of $479.03 million, a P/E ratio of 6.59 and a beta of 0.95.

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s payout ratio is currently 41.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 price target (down from $18.50) on shares of Hanmi Financial in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Hanmi Financial in a report on Wednesday.

Hanmi Financial 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.