Hanmi Financial Corp Director Sells $43,657 in Stock (HAFC)
Hanmi Financial Corp (NASDAQ:HAFC) Director Joon Hyung Lee sold 1,963 shares of Hanmi Financial Corp stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $22.24, for a total value of $43,657.12. Following the transaction, the director now directly owns 244,995 shares of the company’s stock, valued at approximately $5,448,689. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
HAFC has been the subject of a number of recent research reports. Analysts at FIG Partners upgraded shares of Hanmi Financial Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. They now have a $26.00 price target on the stock, up previously from $25.00. Finally, analysts at Raymond James initiated coverage on shares of Hanmi Financial Corp in a research note on Wednesday, April 16th. They set an “outperform” rating and a $25.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Hanmi Financial Corp presently has a consensus rating of “Buy” and a consensus price target of $23.81.
Shares of Hanmi Financial Corp (NASDAQ:HAFC) traded down 0.09% on Friday, hitting $22.27. The stock had a trading volume of 102,944 shares. Hanmi Financial Corp has a 52-week low of $15.21 and a 52-week high of $25.07. The stock has a 50-day moving average of $21.61 and a 200-day moving average of $21.99. The company has a market cap of $705.4 million and a price-to-earnings ratio of 17.28.
Hanmi Financial Corp (NASDAQ:HAFC) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, analysts predict that Hanmi Financial Corp will post $1.37 earnings per share for the current fiscal year.
Hanmi Financial Corporation (NASDAQ:HAFC) is a holding company for Hanmi Bank (the Bank).
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