Hanmi Financial (HAFC) Projected to Post Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $108.86 million for the quarter, compared to analysts’ expectations of $59.23 million. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. During the same quarter last year, the company posted $0.62 EPS. On average, analysts expect Hanmi Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hanmi Financial Trading Up 0.5 %

NASDAQ:HAFC opened at $22.74 on Tuesday. Hanmi Financial has a one year low of $14.45 and a one year high of $27.59. The business has a fifty day moving average price of $24.53 and a 200-day moving average price of $21.39. The firm has a market capitalization of $686.75 million, a price-to-earnings ratio of 10.93 and a beta of 0.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.99.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Monday, November 4th. Hanmi Financial’s payout ratio is 48.08%.

Analyst Ratings Changes

HAFC has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and set a $21.00 price objective on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. Piper Sandler upgraded shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $20.00 to $25.50 in a research report on Thursday, October 24th. Janney Montgomery Scott raised shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Finally, DA Davidson raised their price target on Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.38.

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.