Analyst Ratings for Hanmi Financial Corp. (HAFC)Updated: 2017-07-28
An average rating of Overweight has been given to Hanmi Financial Corp. (NASDAQ:HAFC) by analysts covering the stock. HAFC had previously received a consensus rating of Overweight a month ago.
Of the 5 analysts covering the stock, 1 gave it a buy rating, 1 gave an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
HAFC was given price targets by several analysts. The highest price target was 33, implying a possible profit of 14.78 percent. The most pessimistic price target was 28, which equates to a potential downside of -2.61 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates downwards for this quarter, by about -2.13 percent on average, compared to last month. That number becomes -1.06 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.82 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.82 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 4 analysts decreased their estimates.
Analysts estimate earnings of HAFC to grow at a rate of 4.8 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. HAFC has a PEG ratio of 3.46.
In the last 52-weeks, HAFC has achieved a high of 35.85 and a low of 22.76. The current market price is above the trailing year's low by 26.32 percent, and below the high by 19.8 percent. HAFC has a P/E ratio of 16.6. Investors typically compare the P/E ratio to a company's peers in the industry. The HAFC value stock report compares HAFC to some of its peers using value stock charts. The stock has a market capitalization of $0.92971 billion. HAFC will post this quarters earnings in days, on 0000-00-00.