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.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Hanmi Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Friday, July 22nd. Keefe, Bruyette & Woods cut Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $28.00 to $26.00 in a research note on Thursday, June 2nd. Finally, Raymond James Financial Inc. raised Hanmi Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.20.

The company has a market cap of $823.36 million and a price-to-earnings ratio of 14.42. The stock’s 50 day moving average is $24.68 and its 200 day moving average is $22.99.

Hanmi Financial Corp. (NASDAQ:HAFC) last issued its earnings results on Tuesday, July 19th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. During the same period last year, the firm earned $0.44 EPS. Equities analysts forecast that Hanmi Financial Corp. will post $1.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Monday, August 8th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Thursday, August 4th. This is an increase from Hanmi Financial Corp.’s previous quarterly dividend of $0.14.

In other news, Director Joon Hyung Lee sold 2,412 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was 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 in the company, valued at approximately $6,846,319.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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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