Hanmi Financial (NASDAQ:HAFC - Get Free Report) had its price target dropped by equities research analysts at Piper Sandler from $28.50 to $28.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the bank's stock. Piper Sandler's price objective indicates a potential upside of 18.92% from the stock's current price.
HAFC has been the topic of a number of other research reports. Keefe, Bruyette & Woods lifted their target price on shares of Hanmi Financial from $27.00 to $28.00 and gave the company a "market perform" rating in a research note on Wednesday. DA Davidson boosted their target price on shares of Hanmi Financial from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.00.
View Our Latest Research Report on Hanmi Financial
Hanmi Financial Stock Performance
Shares of HAFC stock traded up $0.38 on Thursday, reaching $23.55. The stock had a trading volume of 75,842 shares, compared to its average volume of 183,667. The stock has a market cap of $711.34 million, a P/E ratio of 10.98 and a beta of 0.73. Hanmi Financial has a 1 year low of $17.37 and a 1 year high of $27.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50 day simple moving average of $24.19 and a 200 day simple moving average of $23.30.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.12). Hanmi Financial had a net margin of 15.11% and a return on equity of 8.83%. The company had revenue of $65.21 million for the quarter, compared to analysts' expectations of $65.70 million. During the same quarter last year, the firm posted $0.48 earnings per share. Equities research analysts expect that Hanmi Financial will post 2.6 EPS for the current year.
Institutional Trading of Hanmi Financial
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas purchased a new stake in Hanmi Financial in the 4th quarter worth about $1,652,000. Quantbot Technologies LP increased its stake in Hanmi Financial by 5,858.5% in the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank's stock worth $58,000 after purchasing an additional 2,402 shares during the period. American Century Companies Inc. increased its stake in Hanmi Financial by 13.0% in the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock worth $17,561,000 after purchasing an additional 85,425 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Hanmi Financial in the 4th quarter worth about $132,000. Finally, LPL Financial LLC increased its stake in Hanmi Financial by 22.0% in the 4th quarter. LPL Financial LLC now owns 21,347 shares of the bank's stock worth $504,000 after buying an additional 3,853 shares during the period. Hedge funds and other institutional investors own 88.66% of the company's stock.
About Hanmi Financial
(
Get Free Report)
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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