Wedbush Lowers Hanmi Financial (NASDAQ:HAFC) Price Target to $21.00

Hanmi Financial (NASDAQ:HAFC) had its price target reduced by investment analysts at Wedbush from $22.00 to $21.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. Wedbush’s target price would suggest a potential upside of 14.38% from the company’s previous close. Wedbush also issued estimates for Hanmi Financial’s FY2026 earnings at $2.10 EPS.

Separately, DA Davidson upped their price target on Hanmi Financial from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th.

Hanmi Financial Price Performance

NASDAQ:HAFC opened at $18.36 on Tuesday. The stock has a 50 day moving average of $19.16 and a two-hundred day moving average of $16.94. Hanmi Financial has a 12 month low of $13.87 and a 12 month high of $20.92. The firm has a market cap of $557.91 million, a P/E ratio of 7.65 and a beta of 0.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. The firm had revenue of $106.72 million during the quarter, compared to analysts’ expectations of $59.07 million. During the same period in the previous year, the business earned $0.67 earnings per share. On average, analysts expect that Hanmi Financial will post 1.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hanmi Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in shares of Hanmi Financial by 32.2% during the second quarter. AQR Capital Management LLC now owns 1,072,772 shares of the bank’s stock valued at $17,937,000 after acquiring an additional 261,545 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Hanmi Financial by 2,264.9% during the 4th quarter. Hsbc Holdings PLC now owns 238,448 shares of the bank’s stock worth $4,671,000 after purchasing an additional 228,365 shares during the period. Acadian Asset Management LLC increased its holdings in Hanmi Financial by 71.8% in the 2nd quarter. Acadian Asset Management LLC now owns 482,698 shares of the bank’s stock valued at $8,070,000 after purchasing an additional 201,789 shares during the last quarter. Bank of Montreal Can purchased a new stake in Hanmi Financial in the second quarter valued at approximately $2,979,000. Finally, American Century Companies Inc. lifted its stake in Hanmi Financial by 16.5% during the second quarter. American Century Companies Inc. now owns 578,155 shares of the bank’s stock worth $9,667,000 after purchasing an additional 82,087 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.