November 23, 2016 - By Nellie Frank
The Hanmi Financial Corp’s Chief Administrative Officer, Greg Kim, the well informed person made a sale of – 3,000 Hanmi Financial Corp’s shares, based on the avg market share price which was $31.4 of a share. The insider shares has a value of close to $94,200 U.S. Dollars. Greg Kim today owns 0.08% of Hanmi Financial Corp’s market capitalization with ownership of 26,469 shares.
Out of 7 analysts covering Hanmi Financial (NASDAQ:HAFC), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $30 is the highest target while $26 is the lowest. The $27.75 average target is -11.90% below today’s ($31.5) stock price. Hanmi Financial has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Hanmi Financial Corp (NASDAQ:HAFC) has “Market Perform” rating given on Thursday, June 2 by Wood. The stock of Hanmi Financial Corp (NASDAQ:HAFC) has “Outperform” rating given on Wednesday, October 19 by FBR Capital. The firm has “Outperform” rating given on Tuesday, August 25 by Raymond James. On Wednesday, October 28 the stock rating was downgraded by FIG Partners to “Market Perform”. The stock of Hanmi Financial Corp (NASDAQ:HAFC) has “Outperform” rating given on Tuesday, November 3 by Raymond James. The stock of Hanmi Financial Corp (NASDAQ:HAFC) has “Neutral” rating given on Friday, November 20 by Piper Jaffray. The firm earned “Market Perform” rating on Wednesday, October 19 by FIG Partners. The firm has “Strong Buy” rating by Raymond James given on Thursday, January 28.
Insitutional Activity: The institutional sentiment increased to 1.58 in 2016 Q2. Its up 0.30, from 1.28 in 2016Q1. The ratio improved, as 14 funds sold all Hanmi Financial Corp shares owned while 40 reduced positions. 13 funds bought stakes while 56 increased positions. They now own 27.65 million shares or 3.94% more from 26.61 million shares in 2016Q1.
Maltese Ltd Limited Liability Company last reported 0.03% of its portfolio in the stock. Ladenburg Thalmann holds 0% of its portfolio in Hanmi Financial Corp (NASDAQ:HAFC) for 41 shares. Guggenheim Cap Ltd Liability Corp accumulated 123,467 shares or 0.01% of the stock. The Massachusetts-based Panagora Asset Mgmt Inc has invested 0% in Hanmi Financial Corp (NASDAQ:HAFC). Fincl Bank Of America Corporation De reported 75,907 shares or 0% of all its holdings. Moreover, Fifth Third Fincl Bank has 0% invested in Hanmi Financial Corp (NASDAQ:HAFC) for 526 shares. Metropolitan Life Insur has 0% invested in the company for 23,462 shares. Blackrock Fund Advsr, a California-based fund reported 2.08 million shares. Deere And Company reported 31,444 shares or 0.04% of all its holdings. Segall Bryant And Hamill Ltd Liability Company, a Illinois-based fund reported 125,919 shares. Foundry Prtnrs Ltd Liability Company has 153,469 shares for 0.2% of their US portfolio. Moreover, Jacobs Levy Equity has 0.01% invested in Hanmi Financial Corp (NASDAQ:HAFC) for 19,000 shares. Art Ltd holds 9,148 shares or 0.01% of its portfolio. Goldman Sachs Gp Inc holds 0% of its portfolio in Hanmi Financial Corp (NASDAQ:HAFC) for 100,099 shares. Prudential Fincl holds 396,324 shares or 0.02% of its portfolio.
Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 1 insider sale for $61,093 net activity. $61,093 worth of Hanmi Financial Corp (NASDAQ:HAFC) was sold by LEE JOON HYUNG.
The stock increased 1.61% or $0.5 during the last trading session, hitting $31.5. About 152,051 shares traded hands. Hanmi Financial Corp (NASDAQ:HAFC) has risen 29.11% since April 20, 2016 and is uptrending. It has outperformed by 24.56% the S&P500.
Hanmi Financial Corporation is the holding firm for Hanmi Bank . The company has a market cap of $1.02 billion. 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. It has a 17.71 P/E ratio. The Bank’s client base reflects the multi-ethnic composition of these communities.
According to Zacks Investment Research, “Hanmi Financial Corporation is the holding company for Hanmi Bank, one of the leading banks providing services to the multi-ethnic communities of Southern California with full service offices. Hanmi Bank is a business bank conducting a general community banking business, with its primary market encompassing multi-ethnic small business customers. The bank specializes in commercial, SBA, trade finance, and consumer lending and is a recognized community leader serving the diverse communities throughout Southern California. (PRESS RELEASE)”
More recent Hanmi Financial Corp (NASDAQ:HAFC) news were published by: Labusinessjournal.com which released: “Hanmi Financial Corp. Acquires United Central Bank” on September 02, 2014. Also Globenewswire.com published the news titled: “Hanmi Financial Corp. Announces Appointment of Thomas Williams to its Board of ..” on June 07, 2016. Latimes.com‘s news article titled: “Korean American lender Hanmi proposes $1.6-billion merger with rival BBCN” with publication date: November 24, 2015 was also an interesting one.
Hanmi Financial Corporation, incorporated on March 14, 2000, is the holding firm 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 Jersey, 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. The Bank’s revenues are derived from interest and fees on its loans, interest and dividends on its securities portfolio and service charges on deposit accounts, as well as bargain purchase gain.
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By Nellie Frank