Hanmi Financial Corp. Rating Increased to Outperform at Zacks (HAFC)
Hanmi Financial Corp. (NASDAQ:HAFC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, American Banking News reports. The firm currently has a $23.10 price target on the stock. Zacks‘ price objective points to a potential upside of 6.40% from the company’s current price.
Hanmi Financial Corp. (NASDAQ:HAFC) traded up 1.34% during mid-day trading on Friday, hitting $22.00. The stock had a trading volume of 160,810 shares. Hanmi Financial Corp. has a 52 week low of $13.61 and a 52 week high of $22.89. The stock has a 50-day moving average of $20.54 and a 200-day moving average of $17.98. The company has a market cap of $696.1 million and a price-to-earnings ratio of 15.62.
Hanmi Financial Corp. (NASDAQ:HAFC) last announced its earnings results on Tuesday, October 22nd. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.32. Analysts expect that Hanmi Financial Corp. will post $1.26 EPS for the current fiscal year.
HAFC has been the subject of a number of other recent research reports. Analysts at DA Davidson raised their price target on shares of Hanmi Financial Corp. from $24.00 to $25.50 in a research note to investors on Tuesday, December 17th. They now have a “buy” rating on the stock. Separately, analysts at Davidson raised their price target on shares of Hanmi Financial Corp. from $21.00 to $22.00 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.40.
Hanmi Financial Corporation (NASDAQ:HAFC) is a holding company for Hanmi Bank (the Bank).
To view Zacks’ full report, visit www.zacks.com
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