Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - Equities research analysts at DA Davidson upped their FY2025 earnings per share estimates for Hanmi Financial in a research note issued on Thursday, January 30th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $2.69 for the year, up from their previous forecast of $2.15. 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.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%.
Several other brokerages have also issued reports on HAFC. Wedbush restated a "neutral" rating and issued a $21.00 price objective on shares of Hanmi Financial in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Piper Sandler upgraded 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, Janney Montgomery Scott upgraded Hanmi Financial from a "neutral" rating to a "buy" rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $25.75.
Get Our Latest Stock Analysis on HAFC
Hanmi Financial Trading Up 0.4 %
HAFC stock traded up $0.10 during midday trading on Monday, hitting $24.78. 135,051 shares of the company's stock were exchanged, compared to its average volume of 186,315. Hanmi Financial has a 1-year low of $14.45 and a 1-year high of $27.59. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $748.36 million, a PE ratio of 12.09 and a beta of 0.88. The business has a 50-day simple moving average of $23.99 and a two-hundred day simple moving average of $21.86.
Hanmi Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be paid a dividend of $0.27 per share. 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 yield of 4.36%. Hanmi Financial's payout ratio is presently 48.78%.
Institutional Trading of Hanmi Financial
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock worth $15,552,000 after acquiring an additional 349,339 shares in the last quarter. Barclays PLC increased its position in shares of Hanmi Financial by 74.0% during the third quarter. Barclays PLC now owns 67,158 shares of the bank's stock worth $1,248,000 after purchasing an additional 28,561 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Hanmi Financial by 24.7% in the 3rd quarter. Jane Street Group LLC now owns 60,051 shares of the bank's stock valued at $1,117,000 after purchasing an additional 11,911 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Hanmi Financial in the 2nd quarter valued at about $534,000. Finally, Versant Capital Management Inc boosted its position in shares of Hanmi Financial by 110.7% in the 4th 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 period. Hedge funds and other institutional investors own 88.66% of the company's stock.
About Hanmi Financial
(
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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.
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