Hanmi Financial (NASDAQ:HAFC) has been downgraded from Outperform to Market Perform in a report by FIG Partners today.
- Updated: October 19, 2016
FIG Partners has downgraded Hanmi Financial (NASDAQ:HAFC) from Outperform to Market Perform in a statement released on 10/19/2016.
On Thursday August 25, 2016, Raymond James Financial Inc. released a statement on Hanmi Financial (NASDAQ:HAFC) raised the target price from $0.00 to $28.00 that suggested an upside of 0.09%.
Displaying a price of $23.90, Hanmi Financial (NASDAQ:HAFC) traded -7.58% lower on the day. With the last close down -1.49% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Hanmi Financial has recorded a 50-day average of $26.32 and a two hundred day average of $24.26. Volume of trade was up over the average, with 335,977 shares of HAFC changing hands over the typical 134,142
Recent Performance Chart
Hanmi Financial has PE ratio of 13.35 with a one year low of $18.92 and a one year high of $28.09 and has a total market value of $0.
A total of 5 firms have reported on the stock. Three equity analysts rating the company a strong buy, 2 brokers rating the stock a buy, 1 broker rating the stock a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a one year target of $26.80.
Brief Synopsis About Hanmi Financial (NASDAQ:HAFC)
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. The Bank's client base reflects the multi-ethnic composition of these communities. The Bank maintains a branch network of over 40 full-service branch offices in California, Illinois, New Jersey, New York, Texas and Virginia, and loan production offices in California, Colorado, Texas, Virginia and Washington State. Its lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term loans, commercial lines of credit and international), and consumer loans and small business administration (SBA) loans. Its revenues are derived from interest and fees on its loans.
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