Piper Jaffray Companies reissued their hold rating on shares of Hanmi Financial Corporation (NASDAQ:HAFC) in a research report sent to investors on Friday. The brokerage currently has a $31.00 price target on the bank’s stock.
Several other brokerages also recently weighed in on HAFC. ValuEngine raised shares of Hanmi Financial Corporation from a hold rating to a buy rating in a research report on Wednesday, September 27th. Zacks Investment Research downgraded shares of Hanmi Financial Corporation from a hold rating to a sell rating in a research report on Thursday, July 20th. Finally, BidaskClub downgraded shares of Hanmi Financial Corporation from a sell rating to a strong sell rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $31.00.
Hanmi Financial Corporation (HAFC) opened at 31.10 on Friday. The company has a market capitalization of $997.91 million, a price-to-earnings ratio of 18.08 and a beta of 0.81. The stock has a 50 day moving average price of $28.11 and a 200 day moving average price of $28.45. Hanmi Financial Corporation has a 12-month low of $22.76 and a 12-month high of $35.85.
Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $52.88 million during the quarter, compared to the consensus estimate of $50.85 million. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. During the same quarter last year, the firm earned $0.44 earnings per share. On average, analysts expect that Hanmi Financial Corporation will post $1.82 EPS for the current year.
A number of large investors have recently bought and sold shares of HAFC. O Shaughnessy Asset Management LLC bought a new stake in Hanmi Financial Corporation in the 1st quarter worth approximately $113,000. Victory Capital Management Inc. bought a new stake in Hanmi Financial Corporation in the 1st quarter worth approximately $134,000. State of Alaska Department of Revenue grew its position in Hanmi Financial Corporation by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,401 shares of the bank’s stock worth $182,000 after purchasing an additional 2,831 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Hanmi Financial Corporation by 4.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,630 shares of the bank’s stock worth $217,000 after purchasing an additional 300 shares during the period. Finally, Airain ltd bought a new stake in Hanmi Financial Corporation in the 2nd quarter worth approximately $226,000. 88.39% of the stock is owned by institutional investors and hedge funds.
Hanmi Financial Corporation Company Profile
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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