Hanmi Financial Corp (HAFC) is Downgraded by Keefe Bruyette to Mkt Perform

Hanmi Financial Corp (HAFC) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Jun 2, 2016.

Many Wall Street Analysts have commented on Hanmi Financial Corp. Hanmi Financial Corp was Downgraded by Raymond James to ” Outperform” on Apr 22, 2016. Company shares were Reiterated by Piper Jaffray on Apr 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .

Hanmi Financial Corp closed down -0.05 points or -0.21% at $24.29 with 2,06,403 shares getting traded on Wednesday. Post opening the session at $24.16, the shares hit an intraday low of $23.91 and an intraday high of $24.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 4, 2016, Joon Hyung Lee (director) sold 5,000 shares at $22.25 per share price. According to the SEC, on Aug 26, 2015, Christie K Chu (director) purchased 985 shares at $23.58 per share price. On Aug 12, 2015, Min S Park (Chief Credit Officer) sold 690 shares at $25.27 per share price, according to the Form-4 filing with the securities and exchange commission.

Hanmi Financial Corporation (Hanmi Financial) is a 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 communities in the multi-ethnic populations of Los Angeles County Orange County San Bernardino County San Diego County the San Francisco Bay area and the Silicon Valley area in Santa Clara County. The Bank’s client base reflects the multi-ethnic composition of these communities. At December 31 2014 the Bank maintained a branch network of 49 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.

Hanmi Financial Corp

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