Hanmi Financial Corp (NASDAQ:HAFC) Given Average Rating of “Hold” by Analysts

Share on StockTwits

Hanmi Financial Corp (NASDAQ:HAFC) has been given a consensus rating of “Hold” by the six research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.50.

HAFC has been the subject of several research reports. Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. TheStreet cut shares of Hanmi Financial from a “b-” rating to a “c+” rating in a research note on Monday, August 12th. DA Davidson cut shares of Hanmi Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $27.00 to $21.50 in a research note on Monday, August 12th. BidaskClub cut shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, ValuEngine upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th.

Shares of NASDAQ HAFC opened at $19.63 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. Hanmi Financial has a 12 month low of $17.01 and a 12 month high of $24.09. The company has a 50 day simple moving average of $19.08 and a two-hundred day simple moving average of $19.99. The stock has a market cap of $610.76 million, a price-to-earnings ratio of 10.33 and a beta of 1.19.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.07). Hanmi Financial had a net margin of 14.93% and a return on equity of 7.77%. The business had revenue of $50.92 million for the quarter, compared to analyst estimates of $50.96 million. Analysts forecast that Hanmi Financial will post 1.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Friday, November 1st. Hanmi Financial’s dividend payout ratio (DPR) is 50.53%.

Several large investors have recently bought and sold shares of HAFC. FMR LLC increased its holdings in shares of Hanmi Financial by 6.5% during the 1st quarter. FMR LLC now owns 2,561,110 shares of the bank’s stock valued at $54,475,000 after purchasing an additional 155,428 shares in the last quarter. Janney Capital Management LLC increased its holdings in shares of Hanmi Financial by 13.9% during the 2nd quarter. Janney Capital Management LLC now owns 15,081 shares of the bank’s stock valued at $336,000 after purchasing an additional 1,844 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Hanmi Financial by 8.7% during the 2nd quarter. Aperio Group LLC now owns 33,205 shares of the bank’s stock valued at $739,000 after purchasing an additional 2,663 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Hanmi Financial during the 2nd quarter valued at approximately $205,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Hanmi Financial by 193.5% during the 2nd quarter. Acadian Asset Management LLC now owns 35,228 shares of the bank’s stock valued at $785,000 after purchasing an additional 23,225 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.

Featured Story: Options Trading

Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.