DA Davidson Decreases Earnings Estimates for Hanmi Financial

Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - Analysts at DA Davidson reduced their Q1 2025 earnings per share (EPS) estimates for shares of Hanmi Financial in a research report issued to clients and investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will earn $0.54 per share for the quarter, down from their prior forecast of $0.55. DA Davidson currently has a "Neutral" rating and a $27.50 target price 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 FY2026 earnings at $2.67 EPS.

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, beating analysts' consensus estimates of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%.

Hanmi Financial Stock Up 1.2 %

Shares of NASDAQ:HAFC traded up $0.25 during trading on Thursday, reaching $20.67. 329,192 shares of the stock were exchanged, compared to its average volume of 205,924. The firm has a market cap of $624.79 million, a price-to-earnings ratio of 10.08 and a beta of 0.68. The stock has a fifty day moving average of $23.21 and a two-hundred day moving average of $23.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. Hanmi Financial has a 1-year low of $14.45 and a 1-year high of $27.59.

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Institutional Investors Weigh In On Hanmi Financial

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

Hanmi Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a $0.27 dividend. This is a positive change from Hanmi Financial's previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 5.23%. Hanmi Financial's payout ratio is currently 52.68%.

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.