Shares of Hanmi Financial Corp. (NASDAQ:HAFC) shot up 5.3% during trading on Friday . The stock traded as high as $25.36 and last traded at $25.32, with a volume of 74,337 shares. The stock had previously closed at $24.05.

Several brokerages have commented on HAFC. Zacks Investment Research upgraded shares of Hanmi Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a report on Friday, July 22nd. Keefe, Bruyette & Woods lowered shares of Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $28.00 to $26.00 in a report on Thursday, June 2nd. Raymond James Financial Inc. lowered shares of Hanmi Financial Corp. from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $26.00 to $27.00 in a report on Friday, April 22nd. Finally, Piper Jaffray Cos. reiterated an “in-line” rating on shares of Hanmi Financial Corp. in a report on Wednesday, April 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.00.

The firm’s 50 day moving average is $23.70 and its 200 day moving average is $22.49. The stock has a market capitalization of $811.08 million and a P/E ratio of 14.21.

Hanmi Financial Corp. (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. During the same quarter in the prior year, the company earned $0.44 EPS. On average, analysts forecast that Hanmi Financial Corp. will post $1.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Monday, August 8th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, August 4th. This represents a $0.76 annualized dividend and a yield of 2.99%. This is a boost from Hanmi Financial Corp.’s previous quarterly dividend of $0.14.

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its position in shares of Hanmi Financial Corp. by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 59,227 shares of the company’s stock valued at $1,405,000 after buying an additional 1,100 shares during the last quarter. First Trust Advisors LP increased its position in shares of Hanmi Financial Corp. by 28.3% in the fourth quarter. First Trust Advisors LP now owns 58,407 shares of the company’s stock worth $1,385,000 after buying an additional 12,886 shares in the last quarter. Rhumbline Advisers increased its position in shares of Hanmi Financial Corp. by 3.9% in the fourth quarter. Rhumbline Advisers now owns 52,241 shares of the company’s stock worth $1,239,000 after buying an additional 1,944 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of 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 in the last quarter. Finally, Morgan Stanley increased its position in shares of 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 in the last quarter.

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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