Hanmi Financial Co. (NASDAQ:HAFC – Get Free Report)’s share price shot up 7% during mid-day 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. 191,972 shares were traded during mid-day trading, a decline of 17% from the average session volume of 232,657 shares. The stock had previously closed at $21.56.
HAFC has been the topic of several other research reports. DA Davidson raised their price objective on shares of Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday. Keefe, Bruyette & Woods raised Hanmi Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $20.00 to $22.00 in a research note on Wednesday, October 2nd. Finally, Wedbush reaffirmed a “neutral” rating and set a $21.00 price target on shares of Hanmi Financial in a research note on Wednesday.
Check Out Our Latest Stock Report on HAFC
Institutional Investors Weigh In On Hanmi Financial
Hanmi Financial Price Performance
The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average price is $19.26 and its two-hundred day moving average price is $17.52. The company has a market cap of $701.03 million, a price-to-earnings ratio of 8.98 and a beta of 0.87.
Hanmi Financial (NASDAQ:HAFC – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Hanmi Financial had a net margin of 15.84% and a return on equity of 9.66%. The company had revenue of $108.86 million during the quarter, compared to the consensus estimate of $59.23 million. During the same period in the prior year, the business posted $0.62 EPS. On average, equities research analysts forecast that Hanmi Financial Co. will post 1.97 EPS for the current fiscal 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.
Read More
- Five stocks we like better than Hanmi Financial
- How to invest in marijuana stocks in 7 stepsĀ
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- 3 Warren Buffett Stocks to Buy Now
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Stock Sentiment Analysis: How it Works
- Tesla Stock: Buy the Dips, Sell the Rips
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.