Hanmi Financial Corp. (HAFC) Sees Strong Trading Volume
Hanmi Financial Corp. (NASDAQ:HAFC) shares saw an uptick in trading volume on Thursday . 206,830 shares were traded 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 have recently commented on HAFC. 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 report on Friday, July 22nd. Keefe, Bruyette & Woods lowered Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $28.00 to $26.00 in a report 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 target on the stock in a report on Thursday, August 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.20.
The stock has a 50-day moving average price of $25.01 and a 200-day moving average price of $23.19. The stock has a market cap of $848.25 million and a PE ratio of 14.85.
Hanmi Financial Corp. (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. During the same period last year, the business posted $0.44 earnings per share. On average, equities research analysts anticipate that Hanmi Financial Corp. will post $1.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Monday, August 8th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.86%. This is a boost from Hanmi Financial Corp.’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, August 4th.
In related news, Director Joon Hyung Lee sold 2,412 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $25.33, for a total value of $61,095.96. Following the sale, the director now owns 270,285 shares of the company’s stock, valued at approximately $6,846,319.05. The sale 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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