Hanmi Financial (NASDAQ:HAFC – Get Free Report)‘s stock had its “market perform” rating restated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday, Benzinga reports. They presently have a $18.00 target price on the bank’s stock, down from their previous target price of $18.50. Keefe, Bruyette & Woods’ target price suggests a potential upside of 21.62% from the company’s previous close.
Separately, Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Hanmi Financial in a report on Wednesday.
Check Out Our Latest Research Report on Hanmi Financial
Hanmi Financial Stock Performance
Hanmi Financial (NASDAQ:HAFC – Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Hanmi Financial had a return on equity of 11.88% and a net margin of 19.84%. The firm had revenue of $59.82 million for the quarter, compared to the consensus estimate of $63.43 million. Research analysts anticipate that Hanmi Financial will post 2.15 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Hanmi Financial
Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in shares of Hanmi Financial in the third quarter worth $30,000. GAMMA Investing LLC acquired a new position in shares of Hanmi Financial in the fourth quarter worth $30,000. Meeder Asset Management Inc. acquired a new position in shares of Hanmi Financial in the fourth quarter worth $37,000. Simplex Trading LLC raised its holdings in shares of Hanmi Financial by 1,406.7% in the fourth quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock worth $39,000 after acquiring an additional 1,899 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Hanmi Financial by 291.6% in the fourth quarter. CWM LLC now owns 2,232 shares of the bank’s stock worth $43,000 after acquiring an additional 1,662 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.
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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