Hanmi Financial Corp. Director Purchases $49,200 in Stock (HAFC)
Hanmi Financial Corp. (NASDAQ:HAFC) Director Joseph K. Rho bought 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $20.50 per share, for a total transaction of $49,200.00. Following the acquisition, the director now directly owns 362,966 shares in the company, valued at approximately $7,440,803. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Hanmi Financial Corp. (NASDAQ:HAFC) traded down 0.38% on Wednesday, hitting $20.90. The stock had a trading volume of 191,976 shares. Hanmi Financial Corp. has a 1-year low of $15.02 and a 1-year high of $22.99. The stock’s 50-day moving average is $21.78 and its 200-day moving average is $18.72. The company has a market cap of $661.3 million and a price-to-earnings ratio of 16.65.
Hanmi Financial Corp. (NASDAQ:HAFC) last released its earnings data on Monday, January 27th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.01. During the same quarter in the prior year, the company posted $0.44 earnings per share. Analysts expect that Hanmi Financial Corp. will post $1.39 EPS for the current fiscal year.
A number of analysts have recently weighed in on HAFC shares. Analysts at FIG Partners downgraded shares of Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 28th. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Hanmi Financial Corp. from $19.00 to $25.00 in a research note to investors on Tuesday, January 28th. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Hanmi Financial Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, January 27th. They now have a $25.00 price target on the stock, up previously from $19.00. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.92.
Hanmi Financial Corporation (NASDAQ:HAFC) is a holding company for Hanmi Bank (the Bank).
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