Hanmi Financial (NASDAQ:HAFC) Given "Neutral" Rating at DA Davidson

Hanmi Financial (NASDAQ:HAFC - Get Free Report)'s stock had its "neutral" rating reissued by DA Davidson in a report released on Thursday,Benzinga reports. They currently have a $27.50 target price on the bank's stock. DA Davidson's price objective indicates a potential upside of 14.25% from the stock's previous close. DA Davidson also issued estimates for Hanmi Financial's Q1 2025 earnings at $0.55 EPS.

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

Hanmi Financial Stock Performance

Shares of NASDAQ:HAFC traded up $0.05 during trading on Thursday, hitting $24.07. 143,753 shares of the company traded hands, compared to its average volume of 189,808. The stock has a market capitalization of $726.91 million, a price-to-earnings ratio of 11.74 and a beta of 0.88. The business's fifty day moving average is $24.13 and its 200-day moving average is $21.77. Hanmi Financial has a one year low of $14.45 and a one year high of $27.59. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) 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%. As a group, equities analysts predict that Hanmi Financial will post 2.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hanmi Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in shares of Hanmi Financial during the 3rd quarter valued at $28,000. R Squared Ltd acquired a new stake in Hanmi Financial during the 4th quarter valued at $43,000. Versant Capital Management Inc raised its stake in Hanmi Financial by 110.7% during 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. Capital Performance Advisors LLP acquired a new stake in Hanmi Financial during the 3rd quarter valued at $49,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Hanmi Financial by 47.0% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank's stock valued at $63,000 after purchasing an additional 1,207 shares during the period. Institutional investors and hedge funds own 88.66% of the company's stock.

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.