Hanmi Financial Corp. (HAFC) Sees Large Volume Increase
Shares of Hanmi Financial Corp. (NASDAQ:HAFC) saw strong trading volume on Friday . 284,183 shares traded hands during mid-day trading, an increase of 131% from the previous session’s volume of 122,889 shares.The stock last traded at $25.81 and had previously closed at $25.62.
A number of analysts have recently commented on the company. Raymond James Financial Inc. raised Hanmi Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Thursday. Zacks Investment Research raised Hanmi Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Friday, July 22nd. Finally, Keefe, Bruyette & Woods cut Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $28.00 to $26.00 in a research report on Thursday, June 2nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $27.20.
The firm has a 50-day moving average price of $24.68 and a 200 day moving average price of $22.99. The stock has a market capitalization of $823.36 million and a P/E ratio of 14.42.
Hanmi Financial Corp. (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. During the same quarter in the previous year, the business earned $0.44 earnings per share. Equities research analysts anticipate that Hanmi Financial Corp. will post $1.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Monday, August 8th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from Hanmi Financial Corp.’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, August 4th.
In other news, Director Joon Hyung Lee sold 2,412 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $25.33, for a total transaction of $61,095.96. Following the transaction, the director now directly owns 270,285 shares of the company’s stock, valued at $6,846,319.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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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