Keefe, Bruyette & Woods set a $28.00 price target on Hanmi Financial Corporation (NASDAQ:HAFC) in a research note issued to investors on Saturday, October 7th. The brokerage currently has a hold rating on the bank’s stock.
Other analysts have also recently issued reports about the company. BidaskClub cut Hanmi Financial Corporation from a sell rating to a strong sell rating in a research report on Monday, August 14th. Zacks Investment Research cut Hanmi Financial Corporation from a hold rating to a sell rating in a research report on Thursday, July 20th. Piper Jaffray Companies reaffirmed a hold rating and set a $31.00 price objective on shares of Hanmi Financial Corporation in a research report on Wednesday, July 12th. Finally, ValuEngine raised Hanmi Financial Corporation from a hold rating to a buy rating in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Hanmi Financial Corporation currently has a consensus rating of Hold and a consensus price target of $31.00.
Shares of Hanmi Financial Corporation (NASDAQ:HAFC) traded down 0.48% on Friday, hitting $31.05. 34,126 shares of the company traded hands. Hanmi Financial Corporation has a 1-year low of $22.78 and a 1-year high of $35.85. The stock has a market capitalization of $996.30 million, a price-to-earnings ratio of 18.05 and a beta of 0.81. The firm’s 50 day moving average price is $28.83 and its 200-day moving average price is $28.51.
Hanmi Financial Corporation (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Hanmi Financial Corporation had a return on equity of 10.41% and a net margin of 24.79%. The company had revenue of $52.88 million during the quarter, compared to analysts’ expectations of $50.85 million. During the same period last year, the firm earned $0.44 EPS. On average, equities research analysts expect that Hanmi Financial Corporation will post $1.82 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in HAFC. Bank of New York Mellon Corp raised its position in Hanmi Financial Corporation by 27.6% in the first quarter. Bank of New York Mellon Corp now owns 608,774 shares of the bank’s stock valued at $18,720,000 after purchasing an additional 131,614 shares during the period. UBS Asset Management Americas Inc. bought a new stake in Hanmi Financial Corporation in the first quarter valued at about $429,000. Sei Investments Co. increased its holdings in Hanmi Financial Corporation by 3.2% in the first quarter. Sei Investments Co. now owns 56,660 shares of the bank’s stock valued at $1,742,000 after buying an additional 1,762 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Hanmi Financial Corporation by 67.7% in the first quarter. Parametric Portfolio Associates LLC now owns 34,350 shares of the bank’s stock valued at $1,056,000 after buying an additional 13,861 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in Hanmi Financial Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 30,034 shares of the bank’s stock valued at $924,000 after buying an additional 4,533 shares during the last quarter. 88.39% of the stock is currently owned by institutional investors.
About Hanmi Financial Corporation
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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