Hanmi Financial (NASDAQ:HAFC) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a report released on Monday, TheStreetRatingsTable reports.
Other analysts also recently issued reports about the company. ValuEngine upgraded Hanmi Financial from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 25th. DA Davidson downgraded Hanmi Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $27.00 to $21.50 in a research report on Monday. BidaskClub upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Saturday, June 29th. Finally, Zacks Investment Research upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Hanmi Financial has an average rating of “Hold” and a consensus price target of $24.17.
Shares of HAFC opened at $18.69 on Monday. The company has a market capitalization of $614.23 million, a P/E ratio of 9.84, a PEG ratio of 1.19 and a beta of 1.10. The stock has a fifty day moving average of $21.35. Hanmi Financial has a 52-week low of $17.56 and a 52-week high of $26.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 0.97.
In other news, Director Joseph K. Rho sold 21,204 shares of Hanmi Financial stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $22.79, for a total transaction of $483,239.16. Following the completion of the sale, the director now directly owns 300,839 shares in the company, valued at $6,856,120.81. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Hanmi Financial by 0.8% in the first quarter. Rhumbline Advisers now owns 112,340 shares of the bank’s stock valued at $2,389,000 after purchasing an additional 895 shares during the period. Quantamental Technologies LLC acquired a new stake in Hanmi Financial in the 2nd quarter valued at $34,000. Janney Capital Management LLC increased its stake in Hanmi Financial by 13.9% in the 2nd quarter. Janney Capital Management LLC now owns 15,081 shares of the bank’s stock valued at $336,000 after buying an additional 1,844 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hanmi Financial by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 177,947 shares of the bank’s stock valued at $3,963,000 after buying an additional 2,286 shares during the last quarter. Finally, Aperio Group LLC increased its stake in Hanmi Financial by 8.7% in the 2nd quarter. Aperio Group LLC now owns 33,205 shares of the bank’s stock valued at $739,000 after buying an additional 2,663 shares during the last quarter. Institutional investors and hedge funds own 88.19% of the company’s stock.
Hanmi Financial Company Profile
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.
Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.