Hanmi Financial Corporation (NASDAQ:HAFC) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 863,935 shares, a decrease of 42.1% from the August 15th total of 1,491,358 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average trading volume of 112,434 shares, the days-to-cover ratio is presently 7.7 days.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Hanmi Financial Corporation by 0.6% during the second quarter. BlackRock Inc. now owns 4,007,958 shares of the bank’s stock worth $114,026,000 after purchasing an additional 24,016 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hanmi Financial Corporation by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,008,836 shares of the bank’s stock worth $57,152,000 after purchasing an additional 95,155 shares during the period. Vanguard Group Inc. raised its position in shares of Hanmi Financial Corporation by 2.3% during the second quarter. Vanguard Group Inc. now owns 1,699,379 shares of the bank’s stock worth $48,348,000 after purchasing an additional 37,465 shares during the period. FMR LLC raised its position in shares of Hanmi Financial Corporation by 16.7% during the second quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock worth $44,855,000 after purchasing an additional 226,110 shares during the period. Finally, Thrivent Financial For Lutherans raised its position in shares of Hanmi Financial Corporation by 2.7% during the second quarter. Thrivent Financial For Lutherans now owns 1,145,173 shares of the bank’s stock worth $32,580,000 after purchasing an additional 30,130 shares during the period. 88.39% of the stock is currently owned by institutional investors.

Hanmi Financial Corporation (NASDAQ:HAFC) opened at 27.15 on Friday. The stock has a market cap of $871.16 million, a PE ratio of 15.78 and a beta of 0.78. Hanmi Financial Corporation has a 12 month low of $22.78 and a 12 month high of $35.85. The stock has a 50 day moving average price of $27.30 and a 200-day moving average price of $28.72.

Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $52.88 million during the quarter, compared to analyst estimates of $50.85 million. Hanmi Financial Corporation had a return on equity of 10.41% and a net margin of 24.79%. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, analysts expect that Hanmi Financial Corporation will post $1.82 EPS for the current year.

HAFC has been the subject of a number of research analyst reports. Piper Jaffray Companies restated a “hold” rating and issued a $31.00 price target on shares of Hanmi Financial Corporation in a research report on Wednesday, July 12th. BidaskClub cut Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. ValuEngine cut Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Hanmi Financial Corporation has an average rating of “Hold” and an average target price of $33.00.

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Hanmi Financial Corporation Company Profile

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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