Brokerages Set Hanmi Financial Corp (HAFC) PT at $32.33
Hanmi Financial Corp (NASDAQ:HAFC) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $33.00.
Several equities research analysts recently commented on HAFC shares. Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 price target on shares of Hanmi Financial in a report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price target on shares of Hanmi Financial in a report on Friday, October 6th. ValuEngine raised Hanmi Financial from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, BidaskClub cut Hanmi Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th.
Hanmi Financial (HAFC) traded up $0.10 during midday trading on Monday, hitting $30.05. The stock had a trading volume of 85,520 shares, compared to its average volume of 149,821. The stock has a market capitalization of $970.66, a P/E ratio of 16.79, a PEG ratio of 1.82 and a beta of 0.79. Hanmi Financial has a 1-year low of $25.45 and a 1-year high of $35.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.00.
Large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its holdings in shares of Hanmi Financial by 88.5% in the second quarter. Parametric Portfolio Associates LLC now owns 64,766 shares of the bank’s stock valued at $1,843,000 after purchasing an additional 30,416 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Hanmi Financial by 59.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,160 shares of the bank’s stock worth $376,000 after acquiring an additional 4,530 shares during the last quarter. Teachers Advisors LLC increased its stake in Hanmi Financial by 10.1% during the second quarter. Teachers Advisors LLC now owns 64,084 shares of the bank’s stock worth $1,823,000 after acquiring an additional 5,885 shares during the last quarter. State Street Corp increased its stake in Hanmi Financial by 2.7% during the second quarter. State Street Corp now owns 1,041,986 shares of the bank’s stock worth $29,643,000 after acquiring an additional 27,444 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Hanmi Financial by 1.1% during the second quarter. Northern Trust Corp now owns 633,215 shares of the bank’s stock worth $18,015,000 after acquiring an additional 6,879 shares during the last quarter. 89.95% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This story was reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.mareainformativa.com/2018/01/29/brokerages-set-hanmi-financial-corp-hafc-pt-at-32-33-updated-updated-updated.html.
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.
Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.