Hanmi Financial (HAFC +13.1%) opts out of a $75M secondary announced earlier this month, saying...

|About: Hanmi Financial Corporation (HAFC)|By:, SA News Editor

Hanmi Financial (HAFC +13.1%) opts out of a $75M secondary announced earlier this month, saying it wasn't satisfied with the offering price. Market volatility has depressed valuations in financial stocks, the company says, and to proceed at this time "would not be in the best interests of our shareholders."