Hanmi Financial (NASDAQ:HAFC) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Hanmi Financial (NASDAQ:HAFC) in a research report released on Wednesday, Benzinga reports. They currently have a $18.00 target price on the bank’s stock, down from their previous target price of $18.50.

Separately, Wedbush reiterated a neutral rating and set a $17.00 target price on shares of Hanmi Financial in a research report on Wednesday.

Hanmi Financial Stock Performance

HAFC stock opened at $15.14 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.00. The company has a 50 day moving average price of $15.23 and a 200 day moving average price of $16.44. Hanmi Financial has a fifty-two week low of $13.35 and a fifty-two week high of $20.31. The stock has a market capitalization of $458.44 million, a PE ratio of 6.31 and a beta of 0.95.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $59.82 million during the quarter, compared to analysts’ expectations of $63.43 million. Hanmi Financial had a net margin of 17.63% and a return on equity of 10.80%. Analysts forecast that Hanmi Financial will post 2.15 EPS for the current year.

Institutional Trading of Hanmi Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Hanmi Financial by 5.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,340 shares of the bank’s stock valued at $336,000 after acquiring an additional 821 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Hanmi Financial by 3.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 28,605 shares of the bank’s stock valued at $464,000 after buying an additional 933 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Hanmi Financial by 13.4% in the 4th quarter. Victory Capital Management Inc. now owns 11,833 shares of the bank’s stock valued at $230,000 after buying an additional 1,399 shares during the period. Swiss National Bank grew its holdings in shares of Hanmi Financial by 2.1% in the 3rd quarter. Swiss National Bank now owns 67,200 shares of the bank’s stock valued at $1,091,000 after buying an additional 1,400 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Hanmi Financial in the 4th quarter valued at $30,000. Institutional investors own 88.66% 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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.