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.
Many analysts weighed in on price targets for HAFC. The most optimistic analyst gave a price target of 33, implying potential capital gains of 14.78 percent. The most pessimistic price target was 28, implying a possible loss of -2.61 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -2.13 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.06 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.82 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -0.82 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 4 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 4 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of HAFC to grow at a rate of 4.8 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. 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 trailing 52-weeks, HAFC hit 35.85 at the highest peak, while it's lowest trading point was 22.76. Today's price is 26.32 percent above the 52-week low, and 19.8 percent below the high. HAFC has a price/earnings 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 market cap of HAFC is $0.92971 billion. HAFC's next earnings release will be on 0000-00-00, which is days away.