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Hanmi Financial (HAFC) Soars: Stock Adds 14.3% in Session

Zacks Equity Research

Hanmi Financial Corporation (HAFC) was a big mover last session, as the company saw its shares rise by over 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $19.08 and $20.56 in the past one-month time frame.

This holding company for Hanmi Bank has seen no estimate revision in the last one month while its Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Hanmi Financial currently has a Zacks Rank #3 (Strong Buy) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the banks-west industry include TriCo Bancshares (TCBK), Preferred Bank (PFBC) and Sierra Bancorp (BSRR). All these stocks hold a Zacks Rank #1 (Strong Buy).

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