FY2025 EPS Estimate for Hanmi Financial Raised by Analyst

Hanmi Financial Co. (NASDAQ:HAFC) – Analysts at DA Davidson upped their FY2025 EPS estimates for shares of Hanmi Financial in a report released on Thursday, January 30th. DA Davidson analyst G. Tenner now expects that the bank will earn $2.69 per share for the year, up from their previous estimate of $2.15. 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 $2.41 per share.

Several other equities research analysts also recently weighed in on HAFC. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $29.00 target price (up previously from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. Janney Montgomery Scott upgraded Hanmi Financial from a “neutral” rating to a “buy” rating in a research report on Friday, November 15th. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $20.00 to $25.50 in a report on Thursday, October 24th. Finally, Wedbush reissued a “neutral” rating and set a $21.00 price target on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Hanmi Financial currently has a consensus rating of “Hold” and an average target price of $25.75.

Hanmi Financial Stock Up 1.7 %

Shares of HAFC opened at $24.49 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $24.03 and a 200 day moving average of $21.84. The company has a market cap of $739.60 million, a PE ratio of 11.95 and a beta of 0.88. Hanmi Financial has a 52-week low of $14.45 and a 52-week high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating 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%.

Institutional Trading of Hanmi Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd bought a new position in Hanmi Financial in the third quarter worth approximately $28,000. R Squared Ltd bought a new position in shares of Hanmi Financial during the 4th quarter worth $43,000. Versant Capital Management Inc increased its stake in shares of Hanmi Financial by 110.7% during the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock valued at $47,000 after buying an additional 1,035 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Hanmi Financial in the third quarter valued at about $49,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of 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 acquiring an additional 1,207 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be paid a $0.27 dividend. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Monday, February 10th. Hanmi Financial’s dividend payout ratio is currently 48.78%.

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.