Keefe, Bruyette & Woods Reiterates “Hold” Rating for Hanmi Financial (HAFC)
Hanmi Financial (NASDAQ:HAFC)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a report issued on Friday. They presently have a $32.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 2.56% from the company’s previous close.
Several other analysts have also issued reports on HAFC. ValuEngine lowered Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 target price on shares of Hanmi Financial in a research note on Friday, October 6th. Finally, BidaskClub lowered Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Hanmi Financial presently has a consensus rating of “Hold” and an average target price of $32.33.
Hanmi Financial (NASDAQ HAFC) opened at $31.20 on Friday. The firm has a market cap of $999.95, a P/E ratio of 17.53, a P/E/G ratio of 2.18 and a beta of 0.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00. Hanmi Financial has a 52-week low of $25.45 and a 52-week high of $35.85.
Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $53.74 million during the quarter, compared to analyst estimates of $53.30 million. Hanmi Financial had a return on equity of 10.60% and a net margin of 24.54%. During the same quarter in the prior year, the firm earned $0.41 earnings per share. analysts anticipate that Hanmi Financial will post 1.81 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of HAFC. BlackRock Inc. boosted its stake in shares of Hanmi Financial by 0.6% during the second quarter. BlackRock Inc. now owns 4,007,958 shares of the bank’s stock valued at $114,026,000 after purchasing an additional 24,016 shares during the period. Dimensional Fund Advisors LP lifted its stake in Hanmi Financial by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,019,495 shares of the bank’s stock worth $62,503,000 after acquiring an additional 10,659 shares during the period. Vanguard Group Inc. lifted its stake in Hanmi Financial by 2.3% in the second quarter. Vanguard Group Inc. now owns 1,699,379 shares of the bank’s stock worth $48,348,000 after acquiring an additional 37,465 shares during the period. FMR LLC lifted its stake in Hanmi Financial by 16.7% in the second quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock worth $44,855,000 after acquiring an additional 226,110 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in Hanmi Financial by 2.7% in the second quarter. Thrivent Financial For Lutherans now owns 1,145,173 shares of the bank’s stock worth $32,580,000 after acquiring an additional 30,130 shares during the period. 89.95% of the stock is owned by institutional investors and hedge funds.
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About Hanmi Financial
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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