Hanmi Financial Co. (NASDAQ:HAFC – Get Free Report)’s share price rose 7% during trading on Thursday after Piper Sandler upgraded the stock from a neutral rating to an overweight rating. Piper Sandler now has a $25.50 price target on the stock, up from their previous price target of $20.00. Hanmi Financial traded as high as $23.07 and last traded at $23.07. Approximately 191,972 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 232,657 shares. The stock had previously closed at $21.56.
A number of other research analysts have also recently weighed in on HAFC. DA Davidson lifted their price target on shares of Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday. Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Hanmi Financial in a report on Wednesday. Finally, Keefe, Bruyette & Woods raised Hanmi Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.00 to $22.00 in a research report on Wednesday, October 2nd.
View Our Latest Research Report on Hanmi Financial
Hedge Funds Weigh In On Hanmi Financial
Hanmi Financial Price Performance
The company has a debt-to-equity ratio of 0.60, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $700.12 million, a price-to-earnings ratio of 9.60 and a beta of 0.87. The company has a 50-day simple moving average of $19.35 and a two-hundred day simple moving average of $17.56.
Hanmi Financial (NASDAQ:HAFC – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Hanmi Financial had a net margin of 15.84% and a return on equity of 9.66%. The firm had revenue of $108.86 million for the quarter, compared to the consensus estimate of $59.23 million. During the same period last year, the firm posted $0.62 EPS. On average, equities research analysts predict that Hanmi Financial Co. will post 1.97 earnings per share for the current year.
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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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