Hanmi Financial (NASDAQ:HAFC) Posts Earnings Results, Beats Expectations By $0.01 EPS

Hanmi Financial (NASDAQ:HAFC - Get Free Report) released its earnings results on Tuesday. The bank reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01, Zacks reports. The firm had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%.

Hanmi Financial Stock Down 2.1 %

Hanmi Financial stock traded down $0.48 during trading on Friday, reaching $22.74. 120,889 shares of the company's stock were exchanged, compared to its average volume of 206,543. 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 has a 52-week low of $14.95 and a 52-week high of $27.59. The firm has a market cap of $687.52 million, a price-to-earnings ratio of 11.09 and a beta of 0.68. The company's 50-day moving average is $22.28 and its two-hundred day moving average is $23.27.

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.08 annualized dividend and a yield of 4.75%. Hanmi Financial's dividend payout ratio is currently 52.68%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a "neutral" rating and issued a $27.50 target price 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 given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.75.

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.