Hanmi Financial (HAFC) to Release Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.57 per share and revenue of $63.45 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, analysts expect Hanmi Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hanmi Financial Stock Up 0.4 %

Shares of NASDAQ HAFC traded up $0.09 during trading hours on Friday, hitting $21.49. The stock had a trading volume of 174,879 shares, compared to its average volume of 207,279. The firm's 50-day moving average price is $22.52 and its two-hundred day moving average price is $23.11. Hanmi Financial has a 52 week low of $14.48 and a 52 week high of $27.59. The company has a market capitalization of $649.73 million, a P/E ratio of 10.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00.

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 paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 5.03%. Hanmi Financial's payout ratio is 52.68%.

Analysts Set New Price Targets

Separately, DA Davidson restated a "neutral" rating and set a $27.50 price target on shares of Hanmi Financial in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.75.

Hanmi Financial Company Profile

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.