Insider Selling: Joon Hyung Lee Sells 1,963 Shares of Hanmi Financial Corp 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 stock was sold at an average price of $22.24, for a total transaction of $43,657.12. Following the completion of the transaction, the director now directly owns 244,995 shares in the company, valued at approximately $5,448,689. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Hanmi Financial Corp (NASDAQ:HAFC) traded down 0.09% during mid-day trading on Friday, hitting $22.27. 102,944 shares of the company’s stock traded hands. Hanmi Financial Corp has a 1-year low of $15.21 and a 1-year 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 announced its earnings results 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.
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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $23.81.
Hanmi Financial Corporation (NASDAQ:HAFC) is a holding company for Hanmi Bank (the Bank).
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