Hanmi Financial (NASDAQ:HAFC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
HAFC has been the topic of several other reports. Zacks Investment Research raised Hanmi Financial from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Monday, January 1st. ValuEngine lowered Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods set a $28.00 target price on Hanmi Financial and gave the stock a “hold” rating in a research report on Saturday, October 7th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 target price on shares of Hanmi Financial in a research report on Friday, October 6th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $33.00.
Shares of Hanmi Financial (HAFC) opened at $31.95 on Friday. Hanmi Financial has a 52-week low of $25.45 and a 52-week high of $35.55. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $973.90, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.83 and a beta of 0.79.
Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Hanmi Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,112 shares of the bank’s stock worth $145,000 after purchasing an additional 765 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Hanmi Financial in the third quarter worth $218,000. Aperio Group LLC bought a new position in shares of Hanmi Financial in the third quarter worth $233,000. Janney Capital Management LLC bought a new position in shares of Hanmi Financial in the third quarter worth $258,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Hanmi Financial by 51.4% in the second quarter. BNP Paribas Arbitrage SA now owns 9,529 shares of the bank’s stock worth $271,000 after purchasing an additional 3,235 shares in the last quarter. 89.95% of the stock is owned by institutional investors.
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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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