Hanmi Financial Corp (HAFC) is Reiterated by FBR & Co. to Outperform, Lowers Price Target to $ 27

Hanmi Financial Corp (HAFC) was Reiterated by FBR & Co. to “Outperform” while Lowering the Price Target of the company shares to $ 27 from a previous price target of $29 . FBR & Co. advised their investors in a research report released on Oct 19, 2016.

Hanmi Financial Corp opened for trading at $26.5 and hit $26.6 on the upside on Friday, eventually ending the session at $26.22, with a gain of 0.11% or 0.03 points. The heightened volatility saw the trading volume jump to 2,95,438 shares. Company has a market cap of $846 M.

In a different news, on Aug 24, 2016, Joon Hyung Lee (director) sold 2,412 shares at $25.34 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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