Principal Financial Group Inc. Has $3.97 Million Stock Position in Hanmi Financial Corporation (NASDAQ:HAFC)

Principal Financial Group Inc. lifted its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 2.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 175,331 shares of the bank’s stock after buying an additional 4,389 shares during the quarter. Principal Financial Group Inc. owned about 0.58% of Hanmi Financial worth $3,973,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Hanmi Financial by 91.4% in the first quarter. GAMMA Investing LLC now owns 1,426 shares of the bank’s stock valued at $32,000 after buying an additional 681 shares during the period. Curat Global LLC bought a new stake in Hanmi Financial during the first quarter valued at $42,000. Quantbot Technologies LP lifted its stake in Hanmi Financial by 5,858.5% during the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock worth $58,000 after purchasing an additional 2,402 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Hanmi Financial in the fourth quarter worth $79,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Hanmi Financial during the fourth quarter valued at approximately $132,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Stock Up 1.9%

Shares of Hanmi Financial stock opened at $26.19 on Friday. Hanmi Financial Corporation has a 1 year low of $17.37 and a 1 year high of $27.59. The company has a 50-day moving average of $24.07 and a 200 day moving average of $23.24. The firm has a market cap of $791.20 million, a price-to-earnings ratio of 12.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.98.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Hanmi Financial had a return on equity of 8.84% and a net margin of 15.05%. The company had revenue of $62.82 million for the quarter, compared to analysts’ expectations of $63.45 million. As a group, sell-side analysts anticipate that Hanmi Financial Corporation will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Monday, May 5th. Hanmi Financial’s dividend payout ratio (DPR) is currently 50.70%.

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.