Hanmi Financial (NASDAQ:HAFC) PT Lowered to $18.50

Hanmi Financial (NASDAQ:HAFCFree Report) had its price target trimmed by Keefe, Bruyette & Woods from $20.00 to $18.50 in a report published on Wednesday, Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

A number of other equities research analysts also recently weighed in on HAFC. Wedbush cut their price target on shares of Hanmi Financial from $21.00 to $20.00 and set a neutral rating for the company in a report on Wednesday. StockNews.com initiated coverage on Hanmi Financial in a report on Thursday, October 5th. They set a hold rating on the stock.

Read Our Latest Report on Hanmi Financial

Hanmi Financial Price Performance

Shares of NASDAQ HAFC opened at $16.75 on Wednesday. Hanmi Financial has a twelve month low of $13.35 and a twelve month high of $24.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $509.03 million, a price-to-earnings ratio of 5.70 and a beta of 1.00. The firm has a 50-day moving average of $18.30 and a two-hundred day moving average of $17.31.

Hanmi Financial (NASDAQ:HAFCGet Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Hanmi Financial had a net margin of 23.09% and a return on equity of 13.66%. The company had revenue of $66.08 million during the quarter, compared to the consensus estimate of $62.67 million. As a group, analysts expect that Hanmi Financial will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Hanmi Financial

Several institutional investors and hedge funds have recently bought and sold shares of HAFC. Lazard Asset Management LLC acquired a new position in shares of Hanmi Financial in the 2nd quarter valued at about $28,000. Strs Ohio acquired a new position in shares of Hanmi Financial in the 3rd quarter valued at about $30,000. Qube Research & Technologies Ltd acquired a new position in shares of Hanmi Financial in the 3rd quarter valued at about $42,000. Quarry LP increased its holdings in shares of Hanmi Financial by 748.5% in the 1st quarter. Quarry LP now owns 2,325 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,051 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Hanmi Financial in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 88.03% of the company’s stock.

Hanmi Financial Company Profile

(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, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.

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