Insider Buying: Chong Guk Kum Purchases 20,000 Shares of Hanmi Financial Corp. Stock (HAFC)
Hanmi Financial Corp. (NASDAQ:HAFC) CEO Chong Guk Kum bought 20,000 shares of Hanmi Financial Corp. stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average price of $16.17 per share, for a total transaction of $323,400.00. Following the transaction, the chief executive officer now directly owns 76,832 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on HAFC shares. Analysts at Zacks upgraded shares of Hanmi Financial Corp. (NASDAQ:HAFC) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $19.40 price target on the stock. Analysts at FBR Capital Markets raised their price target on shares of Hanmi Financial Corp. (NASDAQ:HAFC) from $16.00 to $19.00 in a research note to investors on Wednesday, July 24th. They now have a “market perform” rating on the stock.
Hanmi Financial Corp. (NASDAQ:HAFC) traded up 0.50% on Thursday, hitting $16.21. The stock had a trading volume of 269,897 shares. Hanmi Financial Corp. has a 52 week low of $11.67 and a 52 week high of $18.36. The stock has a 50-day moving average of $17.02 and a 200-day moving average of $16.52. The company has a market cap of $512.3 million and a P/E ratio of 10.85.
The company also recently announced a special dividend, which is scheduled for Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, August 29th.
Hanmi Financial Corporation (NASDAQ:HAFC) is a holding company for Hanmi Bank (the Bank).
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