DA Davidson Decreases Earnings Estimates for Hanmi Financial

Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - Equities researchers at DA Davidson dropped their FY2025 earnings estimates for shares of Hanmi Financial in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $2.38 per share for the year, down from their prior estimate of $2.39. DA Davidson currently has a "Neutral" rating and a $27.50 price target on the stock. The consensus estimate for Hanmi Financial's current full-year earnings is $2.60 per share. DA Davidson also issued estimates for Hanmi Financial's FY2025 earnings at $2.38 EPS.

Hanmi Financial Stock Performance

Shares of NASDAQ HAFC traded up $1.14 during midday trading on Friday, hitting $21.77. The company's stock had a trading volume of 171,146 shares, compared to its average volume of 205,053. The firm has a market capitalization of $658.16 million, a price-to-earnings ratio of 10.67 and a beta of 0.68. 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 fifty day moving average price of $23.04 and a 200 day moving average price of $23.03. Hanmi Financial has a one year low of $14.45 and a one year high of $27.59.

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 for the quarter, topping the consensus estimate of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%.

Hanmi Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued 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 was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a yield of 4.96%. Hanmi Financial's payout ratio is presently 52.68%.

Hedge Funds Weigh In On Hanmi Financial

A number of large investors have recently made changes to their positions in HAFC. Dimensional Fund Advisors LP increased its holdings in Hanmi Financial by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,776,133 shares of the bank's stock worth $41,952,000 after acquiring an additional 31,634 shares during the period. LSV Asset Management raised its position in shares of Hanmi Financial by 4.2% in the fourth quarter. LSV Asset Management now owns 1,183,181 shares of the bank's stock worth $27,947,000 after buying an additional 47,700 shares in the last quarter. FMR LLC raised its holdings in shares of Hanmi Financial by 26.1% in the 3rd quarter. FMR LLC now owns 879,979 shares of the bank's stock valued at $16,368,000 after acquiring an additional 182,164 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Hanmi Financial by 71.8% in the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock valued at $15,552,000 after purchasing an additional 349,339 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Hanmi Financial by 13.0% during the 4th quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock worth $17,561,000 after acquiring an additional 85,425 shares during the last quarter. 88.66% of the stock is owned by institutional investors.

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.