DA Davidson Weighs in on Hanmi Financial Q1 Earnings

Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - Analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Hanmi Financial in a research report issued on Thursday, January 30th. DA Davidson analyst G. Tenner expects that the bank will post earnings of $0.55 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $27.50 target price on the stock. The consensus estimate for Hanmi Financial's current full-year earnings is $2.41 per share.

Several other equities research analysts have also recently commented on HAFC. Keefe, Bruyette & Woods restated a "market perform" rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. Janney Montgomery Scott upgraded shares of Hanmi Financial from a "neutral" rating to a "buy" rating in a research report on Friday, November 15th. Piper Sandler raised shares of Hanmi Financial from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $20.00 to $25.50 in a report on Thursday, October 24th. Finally, Wedbush reissued a "neutral" rating and set a $21.00 price target on shares of Hanmi Financial in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hanmi Financial has a consensus rating of "Hold" and an average target price of $25.75.

Hanmi Financial Stock Performance

HAFC traded up $0.26 on Friday, hitting $24.33. 84,512 shares of the company traded hands, compared to its average volume of 190,212. Hanmi Financial has a 12-month low of $14.45 and a 12-month high of $27.59. The company has a 50 day moving average of $24.13 and a 200-day moving average of $21.77. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $734.80 million, a PE ratio of 11.86 and a beta of 0.88.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its stake in shares of Hanmi Financial by 1.1% during the 3rd quarter. Intech Investment Management LLC now owns 37,706 shares of the bank's stock worth $701,000 after acquiring an additional 414 shares in the last quarter. Savant Capital LLC boosted its position in Hanmi Financial by 4.4% during the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock worth $431,000 after purchasing an additional 776 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Hanmi Financial by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 11,568 shares of the bank's stock worth $193,000 after purchasing an additional 911 shares in the last quarter. Versant Capital Management Inc grew its holdings in Hanmi Financial by 110.7% in the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock valued at $47,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of Hanmi Financial by 0.6% in the third quarter. Royce & Associates LP now owns 192,802 shares of the bank's stock valued at $3,586,000 after buying an additional 1,089 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be paid a $0.27 dividend. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.44%. Hanmi Financial's dividend payout ratio (DPR) is 48.78%.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.