Hanmi Financial downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette downgraded Hanmi Financial (HAFC) to Market Perform from Outperform with a price target of $29, up from $24. The stock’s risk/reward is more balanced following what has been the best share performance among its small bank peers quarter-to-date, the analyst tells investors in a research note. The firm says Hanmi shares now trade in line with its closest peers and are in line with its historical average following the recent outperformance.