Hanmi Financial (HAFC) Downgraded by BidaskClub
Hanmi Financial (NASDAQ:HAFC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.
A number of other research analysts have also recently weighed in on HAFC. Zacks Investment Research upgraded shares of Hanmi Financial from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Monday, January 1st. ValuEngine upgraded shares of Hanmi Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 price objective on shares of Hanmi Financial in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price objective on shares of Hanmi Financial in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.00.
Hanmi Financial (NASDAQ HAFC) opened at $30.05 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.00. Hanmi Financial has a 1 year low of $25.45 and a 1 year high of $35.80. The firm has a market cap of $970.66, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.82 and a beta of 0.79.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Hanmi Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,112 shares of the bank’s stock worth $145,000 after purchasing an additional 765 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Hanmi Financial in the third quarter worth about $218,000. Airain ltd bought a new position in shares of Hanmi Financial in the second quarter worth about $226,000. Aperio Group LLC bought a new position in shares of Hanmi Financial in the third quarter worth about $233,000. Finally, Janney Capital Management LLC bought a new position in shares of Hanmi Financial in the third quarter worth about $258,000. Hedge funds and other institutional investors own 89.95% of the company’s stock.
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Hanmi Financial Company Profile
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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