Hanmi Financial (NASDAQ:HAFC) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Hanmi Financial (NASDAQ:HAFC) from a sell rating to a hold rating in a report published on Thursday, BidAskClub reports.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Hanmi Financial from a sell rating to a hold rating in a report on Thursday, August 15th. ValuEngine raised shares of Hanmi Financial from a strong sell rating to a sell rating in a report on Tuesday, August 27th. TheStreet cut shares of Hanmi Financial from a b- rating to a c+ rating in a report on Monday, August 12th. Finally, DA Davidson cut shares of Hanmi Financial from a buy rating to a neutral rating and cut their price target for the company from $27.00 to $21.50 in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has an average rating of Hold and a consensus target price of $24.17.

HAFC opened at $19.20 on Thursday. The stock has a market capitalization of $588.25 million, a PE ratio of 9.91 and a beta of 1.17. The firm’s fifty day moving average price is $18.92 and its 200 day moving average price is $21.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.97. Hanmi Financial has a 12-month low of $17.01 and a 12-month high of $26.45.



The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, August 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.00%. Hanmi Financial’s dividend payout ratio (DPR) is 50.53%.

Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA raised its holdings in shares of Hanmi Financial by 52,675.0% during the first quarter. BNP Paribas Arbitrage SA now owns 6,333 shares of the bank’s stock worth $135,000 after purchasing an additional 6,321 shares during the period. Janney Capital Management LLC grew its position in shares of Hanmi Financial by 13.9% during the second quarter. Janney Capital Management LLC now owns 15,081 shares of the bank’s stock worth $336,000 after acquiring an additional 1,844 shares during the last quarter. Anderson Fisher LLC bought a new position in shares of Hanmi Financial during the first quarter worth about $173,000. Aperio Group LLC grew its position in shares of Hanmi Financial by 8.7% during the second quarter. Aperio Group LLC now owns 33,205 shares of the bank’s stock worth $739,000 after acquiring an additional 2,663 shares during the last quarter. Finally, Sun Life Financial INC grew its position in shares of Hanmi Financial by 78.5% during the second quarter. Sun Life Financial INC now owns 24,143 shares of the bank’s stock worth $538,000 after acquiring an additional 10,621 shares during the last quarter. 89.24% of the stock is currently owned by institutional investors.

Hanmi Financial Company Profile

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.

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