Analysts Set Expectations for Hanmi Financial Q4 Earnings

Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - DA Davidson issued their Q4 2024 earnings per share estimates for Hanmi Financial in a note issued to investors on Thursday, October 24th. DA Davidson analyst G. Tenner anticipates that the bank will post earnings per share of $0.49 for the quarter. DA Davidson has a "Neutral" rating and a $22.00 price objective on the stock. The consensus estimate for Hanmi Financial's current full-year earnings is $1.97 per share.

HAFC has been the topic of a number of other reports. Piper Sandler upgraded shares of Hanmi Financial from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $20.00 to $25.50 in a report on Thursday. Wedbush restated a "neutral" rating and issued a $21.00 price target on shares of Hanmi Financial in a report on Wednesday. Finally, Keefe, Bruyette & Woods raised Hanmi Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $20.00 to $22.00 in a research report on Wednesday, October 2nd.

Hanmi Financial Stock Down 4.8 %

HAFC stock traded down $1.10 during mid-day trading on Friday, hitting $21.94. 218,777 shares of the company were exchanged, compared to its average volume of 233,268. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.00. Hanmi Financial has a 1-year low of $14.00 and a 1-year high of $23.14. The firm's 50 day simple moving average is $19.35 and its 200 day simple moving average is $17.56. The firm has a market cap of $666.69 million, a P/E ratio of 9.60 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. The company had revenue of $108.86 million during the quarter, compared to the consensus estimate of $59.23 million. During the same period in the prior year, the company earned $0.62 earnings per share.

Institutional Trading of Hanmi Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. grew its stake in Hanmi Financial by 47.0% in the second 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 in the last quarter. PNC Financial Services Group Inc. increased its holdings in Hanmi Financial by 90.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank's stock worth $100,000 after buying an additional 2,441 shares during the last quarter. EntryPoint Capital LLC raised its position in Hanmi Financial by 278.4% during the first quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank's stock worth $135,000 after acquiring an additional 6,242 shares in the last quarter. Marshall Wace LLP acquired a new stake in Hanmi Financial in the second quarter valued at $168,000. Finally, Entropy Technologies LP bought a new position in shares of Hanmi Financial in the 1st quarter valued at about $171,000. Institutional investors and hedge funds own 88.66% of the company's stock.

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. Hanmi Financial's dividend payout ratio is 41.67%.

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.