Hanmi Financial Corp. (HAFC) Sees Unusually-High Trading Volume
Shares of Hanmi Financial Corp. (NASDAQ:HAFC) saw an uptick in trading volume on Thursday . 206,830 shares changed hands during trading, an increase of 37% from the previous session’s volume of 150,432 shares.The stock last traded at $26.08 and had previously closed at $26.23.
A number of brokerages recently weighed in on HAFC. Zacks Investment Research downgraded shares of Hanmi Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Keefe, Bruyette & Woods downgraded shares of Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $28.00 to $26.00 in a research report on Thursday, June 2nd. Finally, Raymond James Financial Inc. raised shares of Hanmi Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Thursday, August 25th. Three investment 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 company. The company presently has an average rating of “Buy” and an average price target of $27.20.
The stock has a market capitalization of $835.17 million and a PE ratio of 14.63. The stock’s 50-day moving average price is $24.92 and its 200-day moving average price is $23.15.
Hanmi Financial Corp. (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. During the same quarter in the prior year, the company earned $0.44 EPS. On average, equities research analysts predict that Hanmi Financial Corp. will post $1.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Monday, August 8th were issued a dividend of $0.19 per share. This is an increase from Hanmi Financial Corp.’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, August 4th.
In related news, Director Joon Hyung Lee sold 2,412 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 270,285 shares of the company’s stock, valued at approximately $6,846,319.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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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