Hanmi Financial Corp Gets a Buy from FBR Capital

By Jason Carr

FBR Capital analyst Bob Ramsey reiterated a Buy rating on Hanmi Financial Corp (NASDAQ: HAFC) today and set a price target of $34. The company’s shares closed yesterday at $28.20.

According to TipRanks.com, Ramsey is a 4-star analyst with an average return of 5.6% and a 61.4% success rate. Ramsey covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, State National Companies Inc, and Pacific Premier Bancorp Inc.

Hanmi Financial Corp has an analyst consensus of Moderate Buy, with a price target consensus of $32.

Hanmi Financial Corp’s market cap is currently $919.8M and has a P/E ratio of 16.09. The company has a book value ratio of 1.7169.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HAFC in relation to earlier this year. Earlier this month, Seon Hong Kim, a Director at HAFC bought 10,500 shares for a total of $127,320.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hanmi Financial Corp. operates as a bank holding company, which provides commercial banking and financial services. The company operates through its subsidiary, Hanmi Bank. It provides deposit services which include business and personal checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts and certificates of deposit. Hanmi Financial was founded on March 14, 2000 and is headquartered in Los Angeles, CA.