Hanmi Financial Corporation (HAFC) PT Set at $28.00 by Keefe, Bruyette & Woods

Hanmi Financial Corporation (NASDAQ:HAFC) received a $28.00 price target from research analysts at Keefe, Bruyette & Woods in a report issued on Saturday. The firm currently has a “hold” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 9.97% from the stock’s current price.

HAFC has been the topic of a number of other reports. Zacks Investment Research raised shares of Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. ValuEngine raised shares of Hanmi Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. BidaskClub lowered shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Hanmi Financial Corporation in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Hanmi Financial Corporation currently has a consensus rating of “Hold” and an average price target of $31.00.

Hanmi Financial Corporation (NASDAQ HAFC) opened at 31.10 on Friday. The firm has a market cap of $997.91 million, a PE ratio of 18.08 and a beta of 0.81. The firm’s 50 day moving average price is $28.11 and its 200-day moving average price is $28.45. Hanmi Financial Corporation has a 52 week low of $22.76 and a 52 week high of $35.85.

Hanmi Financial Corporation (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. The firm had revenue of $52.88 million for the quarter, compared to analyst estimates of $50.85 million. During the same period last year, the firm earned $0.44 earnings per share. On average, analysts forecast that Hanmi Financial Corporation will post $1.82 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its stake in shares of Hanmi Financial Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,081 shares of the bank’s stock valued at $429,000 after buying an additional 39 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Hanmi Financial Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 23,655 shares of the bank’s stock valued at $673,000 after purchasing an additional 250 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Hanmi Financial Corporation by 1.8% in the first quarter. Arizona State Retirement System now owns 16,866 shares of the bank’s stock valued at $519,000 after purchasing an additional 300 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Hanmi Financial Corporation by 4.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,630 shares of the bank’s stock valued at $217,000 after purchasing an additional 300 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Hanmi Financial Corporation by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 24,200 shares of the bank’s stock valued at $688,000 after purchasing an additional 360 shares during the last quarter. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

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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