Hanmi Financial Corporation (NASDAQ:HAFC) Receives Average Rating of “Hold” from Analysts

Hanmi Financial Corporation (NASDAQ:HAFC) has been given a consensus rating of “Hold” by the five research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $28.50.

HAFC has been the topic of a number of research reports. Wall Street Zen lowered shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods upped their target price on shares of Hanmi Financial from $29.00 to $30.50 and gave the stock a “market perform” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hanmi Financial in a report on Monday, December 29th. Finally, Zacks Research lowered Hanmi Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th.

Institutional Investors Weigh In On Hanmi Financial

Institutional investors have recently bought and sold shares of the company. LSV Asset Management boosted its position in Hanmi Financial by 3.0% during the 2nd quarter. LSV Asset Management now owns 1,417,475 shares of the bank’s stock worth $34,983,000 after acquiring an additional 40,684 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Hanmi Financial by 7.0% in the third quarter. American Century Companies Inc. now owns 932,896 shares of the bank’s stock worth $23,033,000 after purchasing an additional 60,876 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Hanmi Financial by 2.7% during the second quarter. Geode Capital Management LLC now owns 799,205 shares of the bank’s stock worth $19,728,000 after purchasing an additional 21,157 shares during the last quarter. Rhino Investment Partners Inc grew its position in Hanmi Financial by 27.1% in the third quarter. Rhino Investment Partners Inc now owns 785,756 shares of the bank’s stock valued at $19,400,000 after purchasing an additional 167,485 shares in the last quarter. Finally, Stieven Capital Advisors L.P. increased its stake in Hanmi Financial by 4.3% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 634,676 shares of the bank’s stock valued at $15,670,000 after buying an additional 25,900 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Price Performance

Shares of HAFC opened at $28.41 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day simple moving average of $28.05 and a 200 day simple moving average of $26.02. Hanmi Financial has a 52-week low of $19.25 and a 52-week high of $30.20. The firm has a market capitalization of $850.88 million, a PE ratio of 11.89 and a beta of 0.72.

About Hanmi Financial

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.