Several other research firms have also recently weighed in on HAFC. FBR & Co boosted their price objective on shares of Hanmi Financial Corp from $38.00 to $39.00 and gave the stock an outperform rating in a research report on Wednesday, January 25th. Zacks Investment Research lowered shares of Hanmi Financial Corp from a buy rating to a hold rating in a report on Friday, January 27th. Finally, Piper Jaffray Companies lowered their target price on shares of Hanmi Financial Corp from $34.00 to $32.00 and set a neutral rating for the company in a report on Monday. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $32.20.
Shares of Hanmi Financial Corp (NASDAQ:HAFC) traded up 0.70% during mid-day trading on Thursday, hitting $28.80. The stock had a trading volume of 114,144 shares. The stock has a market cap of $921.20 million, a price-to-earnings ratio of 16.46 and a beta of 0.98. The firm has a 50 day moving average of $30.45 and a 200 day moving average of $30.89. Hanmi Financial Corp has a one year low of $21.73 and a one year high of $35.85.
Hanmi Financial Corp (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, April 18th. The bank reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.01. Hanmi Financial Corp had a return on equity of 10.81% and a net margin of 26.70%. The company earned $49.57 million during the quarter, compared to the consensus estimate of $51.16 million. During the same quarter last year, the firm earned $0.46 EPS. On average, analysts forecast that Hanmi Financial Corp will post $1.89 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in Hanmi Financial Corp by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 3,570 shares of the bank’s stock worth $109,000 after buying an additional 80 shares in the last quarter. Capstone Asset Management Co. raised its stake in Hanmi Financial Corp by 0.6% in the third quarter. Capstone Asset Management Co. now owns 14,429 shares of the bank’s stock worth $380,000 after buying an additional 87 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Hanmi Financial Corp by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 39,880 shares of the bank’s stock worth $1,051,000 after buying an additional 120 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Hanmi Financial Corp by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the bank’s stock worth $406,000 after buying an additional 200 shares in the last quarter. Finally, Comerica Bank raised its stake in Hanmi Financial Corp by 0.8% in the fourth quarter. Comerica Bank now owns 86,613 shares of the bank’s stock worth $3,001,000 after buying an additional 694 shares in the last quarter. 86.36% of the stock is owned by hedge funds and other institutional investors.
Hanmi Financial Corp 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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