Hanmi Reports 34% Year-over-Year Increase in Net Income for First Quarter 2016

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Piper Jaffray Raises Price Target on Hanmi Financial (HAFC) Following In-Line EPS

April 20, 2016 7:12 AM EDT

Piper Jaffray reiterated a Neutral rating on Hanmi Financial (NASDAQ: HAFC), and raised the price target to $26.00 (from $24.00), following the company's 1Q earnings report. Excluding a $0.05 p/s tax benefit, operating EPS of $0.41 was in line with consensus.

Analyst Matthew Clark commented,... More