Hanmi Financial Corp. (NASDAQ:HAFC) saw an uptick in trading volume on Friday . 247,489 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 151,824 shares.The stock last traded at $23.24 and had previously closed at $22.86.

Several research firms have commented on HAFC. Keefe, Bruyette & Woods downgraded Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $28.00 to $26.00 in a research note on Thursday, June 2nd. Raymond James Financial Inc. downgraded Hanmi Financial Corp. from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $26.00 to $27.00 in a research note on Friday, April 22nd. Piper Jaffray Cos. reaffirmed an “in-line” rating on shares of Hanmi Financial Corp. in a research note on Wednesday, April 20th. Finally, Zacks Investment Research downgraded Hanmi Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.60.

The stock has a 50-day moving average price of $23.33 and a 200 day moving average price of $22.30. The firm has a market capitalization of $740.45 million and a price-to-earnings ratio of 12.98.

Hanmi Financial Corp. (NASDAQ:HAFC) last announced its earnings results on Tuesday, April 19th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. During the same period last year, the company earned $0.35 EPS. On average, analysts anticipate that Hanmi Financial Corp. will post $1.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.41%.

Other hedge funds have made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Hanmi Financial Corp. by 606.6% in the fourth quarter. Wells Fargo & Company MN now owns 105,391 shares of the company’s stock valued at $2,500,000 after buying an additional 90,476 shares in the last quarter. Bank of Montreal Can increased its position in Hanmi Financial Corp. by 373.8% in the fourth quarter. Bank of Montreal Can now owns 83,993 shares of the company’s stock worth $1,992,000 after buying an additional 66,266 shares during the period. Morgan Stanley increased its position in Hanmi Financial Corp. by 1,806.3% in the fourth quarter. Morgan Stanley now owns 51,394 shares of the company’s stock worth $1,219,000 after buying an additional 48,698 shares during the period. Mutual of America Capital Management LLC increased its position in Hanmi Financial Corp. by 10.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 94,746 shares of the company’s stock worth $2,247,000 after buying an additional 8,888 shares during the period. Finally, LSV Asset Management increased its position in Hanmi Financial Corp. by 26.7% in the fourth quarter. LSV Asset Management now owns 66,900 shares of the company’s stock worth $1,586,000 after buying an additional 14,100 shares during the period.

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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