Hanmi Financial Corp (HAFC) Receives $31.67 Consensus Price Target from Analysts

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Shares of Hanmi Financial Corp (NASDAQ:HAFC) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $31.67.

Several equities analysts have commented on HAFC shares. Raymond James decreased their target price on shares of Hanmi Financial from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, April 26th. BidaskClub lowered shares of Hanmi Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 28th. FIG Partners raised shares of Hanmi Financial from a “market-perform” rating to an “outperform” rating in a report on Monday, May 21st. Zacks Investment Research lowered shares of Hanmi Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 26th. Finally, ValuEngine raised shares of Hanmi Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Hanmi Financial by 2.2% in the 1st quarter. BlackRock Inc. now owns 4,347,191 shares of the bank’s stock valued at $133,674,000 after purchasing an additional 93,617 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hanmi Financial by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,064,115 shares of the bank’s stock valued at $63,471,000 after purchasing an additional 19,313 shares in the last quarter. LSV Asset Management boosted its stake in shares of Hanmi Financial by 5.1% in the 1st quarter. LSV Asset Management now owns 1,209,485 shares of the bank’s stock valued at $37,191,000 after purchasing an additional 58,321 shares in the last quarter. Boston Partners boosted its stake in shares of Hanmi Financial by 26.4% in the 1st quarter. Boston Partners now owns 952,136 shares of the bank’s stock valued at $29,278,000 after purchasing an additional 199,046 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Hanmi Financial by 5.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 872,346 shares of the bank’s stock valued at $26,825,000 after purchasing an additional 43,511 shares in the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

Hanmi Financial traded up $0.10, reaching $28.85, during mid-day trading on Monday, MarketBeat Ratings reports. 1,501 shares of the company’s stock were exchanged, compared to its average volume of 215,455. Hanmi Financial has a one year low of $25.45 and a one year high of $33.10. The firm has a market cap of $957.03 million, a price-to-earnings ratio of 15.88, a P/E/G ratio of 1.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.03.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, April 24th. The bank reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). Hanmi Financial had a return on equity of 10.67% and a net margin of 22.44%. The business had revenue of $50.99 million for the quarter, compared to the consensus estimate of $55.17 million. During the same period in the prior year, the business posted $0.43 earnings per share. sell-side analysts anticipate that Hanmi Financial will post 2.09 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Shareholders of record on Monday, May 7th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.33%. The ex-dividend date was Friday, May 4th. Hanmi Financial’s dividend payout ratio is currently 53.04%.

Hanmi Financial Company Profile

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company 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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