Hanmi Financial price target lowered to $20 from $21 at Wedbush

Wedbush lowered the firm’s price target on Hanmi Financial to $20 from $21 and keeps a Neutral rating on the shares. The firm notes Hanmi reported a mixed quarter, with puts and takes being worse than expected net interest income driven by lower-than-expected net interest margin but better-than-expected loan growth on both an average and end of period basis.