Hanmi Financial Corp(NASDAQ:HAFC) Declares Dividend of $0.1400.

Hanmi Financial Corp (NASDAQ:HAFC) had declared a cash dividend of $0.1400 on Jun 6, 2016. The shares will quote ex-dividend on Jun 14, 2016 and the record date has been fixed on Jun 16, 2016. At Jun 6, 2016 share price, the yield comes out to be 2.3431%. The dividend payable date has been fixed on Jun 30, 2016.

In a different note, On Jun 2, 2016, Keefe Bruyette & Woods said it Downgrades its rating on Hanmi Financial Corp. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Apr 22, 2016, Raymond James said it Downgrades its rating on Hanmi Financial Corp. The shares have been rated ‘Outperform’ by the firm.

Hanmi Financial Corp (HAFC) shares turned negative on Fridays trading session with the shares closing down -0.11 points or -0.46% at a volume of 1,48,790. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.9. The peak price level was also seen at $23.9 while the days lowest was $23.28. Finally the shares closed at $23.71. The 52-week high of the shares is $28.09 while the 52-week low is $18.92. According to the latest information available, the market cap of the company is $765 M.

Hanmi Financial Corp(HAFC) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $45.53M. Analysts had an estimated revenue of $47.76M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Joon Hyung Lee (director) sold 5,000 shares at $22.25 per share price.Also, 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.

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