FY2025 EPS Estimates for Hanmi Financial Lowered by Analyst

Hanmi Financial Co. (NASDAQ:HAFC) – Equities researchers at DA Davidson reduced their FY2025 EPS estimates for shares of Hanmi Financial in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $2.15 per share for the year, down from their previous forecast of $2.18. 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 $2.00 per share.

Several other research firms have also recently weighed in on HAFC. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $25.50 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $29.00 price objective (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Hanmi Financial in a research report on Wednesday, October 23rd. Finally, Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.38.

Hanmi Financial Trading Up 1.5 %

NASDAQ:HAFC opened at $23.80 on Monday. Hanmi Financial has a 1 year low of $14.45 and a 1 year high of $27.59. The stock has a market cap of $718.66 million, a P/E ratio of 11.44 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a 50-day simple moving average of $24.40 and a 200-day simple moving average of $20.38.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. The firm had revenue of $108.86 million during the quarter, compared to the consensus estimate of $59.23 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share.

Hanmi Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.20%. Hanmi Financial’s dividend payout ratio (DPR) is presently 48.08%.

Institutional Trading of Hanmi Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in Hanmi Financial during the 3rd quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in shares of Hanmi Financial during the third quarter worth about $49,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Hanmi Financial by 47.0% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after buying an additional 1,207 shares during the last quarter. Marshall Wace LLP acquired a new position in Hanmi Financial in the 2nd quarter valued at about $168,000. Finally, The Manufacturers Life Insurance Company raised its stake in Hanmi Financial by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568 shares of the bank’s stock valued at $193,000 after acquiring an additional 911 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

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.