Hanmi Financial Corporation (NASDAQ:HAFC) issued its quarterly earnings results on Tuesday. The bank reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46, RTT News reports. Hanmi Financial Corporation had a return on equity of 10.41% and a net margin of 24.79%. During the same quarter last year, the company posted $0.41 earnings per share.
Shares of Hanmi Financial Corporation (NASDAQ HAFC) opened at 30.80 on Wednesday. The company’s 50 day moving average price is $28.83 and its 200-day moving average price is $28.51. Hanmi Financial Corporation has a 52 week low of $22.78 and a 52 week high of $35.85. The company has a market capitalization of $988.28 million, a price-to-earnings ratio of 17.91 and a beta of 0.81.
ILLEGAL ACTIVITY WARNING: “Hanmi Financial Corporation (HAFC) Releases Earnings Results, Meets Expectations” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/10/18/hanmi-financial-corporation-hafc-releases-earnings-results-meets-expectations.html.
HAFC has been the subject of a number of research analyst reports. ValuEngine raised Hanmi Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research raised Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Keefe, Bruyette & Woods set a $28.00 price target on Hanmi Financial Corporation and gave the stock a “hold” rating in a research note on Saturday, October 7th. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price target on shares of Hanmi Financial Corporation in a research note on Friday, October 6th. Finally, BidaskClub lowered Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Hanmi Financial Corporation presently has an average rating of “Hold” and an average target price of $31.00.
About Hanmi Financial Corporation
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
Receive News & Ratings for Hanmi Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.