Hanmi Financial Corporation (HAFC) Releases Earnings Results, Meets Expectations

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.

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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.

Earnings History for Hanmi Financial Corporation (NASDAQ:HAFC)

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