TheStreet downgraded shares of Hanmi Financial (NASDAQ:HAFC) from a b- rating to a c+ rating in a report released on Monday morning, TheStreetRatingsTable reports.
HAFC has been the topic of a number of other reports. ValuEngine upgraded shares of Hanmi Financial from a strong sell rating to a sell rating in a report on Thursday, April 25th. Zacks Investment Research upgraded shares of Hanmi Financial from a sell rating to a hold rating in a report on Wednesday, August 7th. DA Davidson cut shares of Hanmi Financial from a buy rating to a neutral rating and cut their price target for the stock from $27.00 to $21.50 in a report on Monday. Finally, BidaskClub upgraded shares of Hanmi Financial from a sell rating to a hold rating in a report on Saturday, June 29th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $24.17.
HAFC stock opened at $17.83 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.21. Hanmi Financial has a twelve month low of $17.56 and a twelve month high of $26.92. The stock has a market capitalization of $551.45 million, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.10. The firm’s fifty day simple moving average is $21.21 and its two-hundred day simple moving average is $21.89.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Thursday, August 8th. Hanmi Financial’s payout ratio is presently 50.53%.
Several hedge funds and other institutional investors have recently bought and sold shares of HAFC. Quantamental Technologies LLC purchased a new stake in Hanmi Financial in the second quarter worth about $34,000. BNP Paribas Arbitrage SA lifted its stake in Hanmi Financial by 52,675.0% in the first quarter. BNP Paribas Arbitrage SA now owns 6,333 shares of the bank’s stock worth $135,000 after acquiring an additional 6,321 shares during the period. Anderson Fisher LLC purchased a new stake in Hanmi Financial in the first quarter worth about $173,000. Stone Ridge Asset Management LLC purchased a new stake in Hanmi Financial in the second quarter worth about $205,000. Finally, Zebra Capital Management LLC purchased a new stake in Hanmi Financial in the second quarter worth about $221,000. Hedge funds and other institutional investors own 88.19% 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.
Recommended Story: Why do earnings reports matter?
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.