Hanmi Financial Corp (NASDAQ:HAFC) Receives $21.50 Consensus Target Price from Analysts
Hanmi Financial Corp (NASDAQ:HAFC) has earned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $21.50.
A number of research analysts have issued reports on HAFC shares. DA Davidson downgraded Hanmi Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $27.00 to $21.50 in a research note on Monday, August 12th. Zacks Investment Research upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. ValuEngine upgraded Hanmi Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 27th. TheStreet downgraded Hanmi Financial from a “b-” rating to a “c+” rating in a research note on Monday, August 12th. Finally, BidaskClub downgraded Hanmi Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th.
A number of large investors have recently made changes to their positions in HAFC. FMR LLC lifted its holdings in Hanmi Financial by 6.5% in the 1st quarter. FMR LLC now owns 2,561,110 shares of the bank’s stock worth $54,475,000 after buying an additional 155,428 shares during the period. Northern Trust Corp increased its holdings in shares of Hanmi Financial by 1.4% in the 2nd quarter. Northern Trust Corp now owns 413,074 shares of the bank’s stock worth $9,198,000 after purchasing an additional 5,560 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Hanmi Financial in the 2nd quarter worth $8,240,000. Invesco Ltd. increased its holdings in shares of Hanmi Financial by 10.9% in the 2nd quarter. Invesco Ltd. now owns 287,404 shares of the bank’s stock worth $6,400,000 after purchasing an additional 28,159 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hanmi Financial by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 177,947 shares of the bank’s stock worth $3,963,000 after acquiring an additional 2,286 shares during the period. Hedge funds and other institutional investors own 88.60% 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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