Stock Track | Hanmi Financial Soars 5.24% on Strong Q4 Earnings and Analyst Optimism

Stock Track

01-29

Hanmi Financial Corporation (HAFC) shares surged 5.24% in Wednesday's intraday trading session, outperforming the broader market.

The rally in Hanmi's stock price can be attributed to the company's strong fourth-quarter 2024 earnings report and positive analyst commentary. Hanmi reported robust financial results for the quarter, which fueled investor confidence in the company's prospects.

Additionally, KBW analyst Kelly Motta maintained a "Hold" rating on Hanmi Financial, while raising the price target to $29.00. The analyst's optimism regarding the company's future performance likely contributed to the stock's upward movement.

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