Breaking Finance News

Hanmi Financial (NASDAQ:HAFC) target price lowered to $27.00, issued a report today by FBR & Co.

Hanmi Financial (NASDAQ:HAFC) had its target price lowered to $27.00 by FBR & Co. in a report released 10/19/2016. The new target price indicates a possible upside of 0.13% based on the company's last closing price.

Previously on 8/25/2016, Raymond James Financial Inc. reported on Hanmi Financial (NASDAQ:HAFC) raised the target price from $0.00 to $28.00. At the time, this indicated a possible upside of 0.09%.

Yesterday Hanmi Financial (NASDAQ:HAFC) traded -7.58% lower at $23.90. The company’s 50-day moving average is $26.32 and its 200-day moving average is $24.26. The last closing price is down -1.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 335,977 shares of the stock were exchanged, up from an average trading volume of 134,142

See Chart Below

Hanmi Financial (NASDAQ:HAFC)

Hanmi Financial has a PE ratio of 13.35 with a one year low of $18.92 and a one year high of $28.09 Hanmi Financial’s market capitalization is presently $0.

A total of 5 brokerages have released a report on Hanmi Financial. Three brokerages rating the company a strong buy, two brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $26.80.

General Company Details For 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.