Media stories about Hanmi Financial (NASDAQ:HAFC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hanmi Financial earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 47.3218390857874 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of research firms have recently weighed in on HAFC. ValuEngine raised shares of Hanmi Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 18th. Raymond James dropped their price target on shares of Hanmi Financial from $32.00 to $29.00 and set an “outperform” rating on the stock in a research note on Monday, July 30th. Zacks Investment Research downgraded shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $29.00 price target on shares of Hanmi Financial in a research note on Wednesday, July 25th. Finally, BidaskClub downgraded shares of Hanmi Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.25.

Hanmi Financial stock traded up $0.50 during mid-day trading on Friday, hitting $26.45. 258,202 shares of the company’s stock were exchanged, compared to its average volume of 135,097. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $843.71 million, a price-to-earnings ratio of 14.61, a PEG ratio of 1.65 and a beta of 0.77. Hanmi Financial has a 1-year low of $24.25 and a 1-year high of $33.10.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, July 24th. The bank reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.06). The business had revenue of $51.06 million for the quarter, compared to analyst estimates of $55.13 million. Hanmi Financial had a return on equity of 10.76% and a net margin of 22.68%. sell-side analysts anticipate that Hanmi Financial will post 1.96 earnings per share for the current year.

Hanmi Financial declared that its board has approved a stock buyback program on Thursday, August 30th that allows the company to buyback 1,600,000 outstanding shares. This buyback authorization allows the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Thursday, August 9th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.63%. The ex-dividend date was Wednesday, August 8th. Hanmi Financial’s payout ratio is 53.04%.

In other Hanmi Financial news, Director Scott Diehl bought 4,000 shares of the stock in a transaction on Monday, August 6th. The shares were purchased at an average cost of $25.43 per share, with a total value of $101,720.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.91% of the company’s stock.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.

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Insider Buying and Selling by Quarter for Hanmi Financial (NASDAQ:HAFC)

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