DA Davidson Predicts Hanmi Financial Q1 Earnings

Hanmi Financial Co. (NASDAQ:HAFC) – Research analysts at DA Davidson issued their Q1 2025 earnings estimates for Hanmi Financial in a report issued on Thursday, January 30th. DA Davidson analyst G. Tenner expects that the bank will post earnings per share of $0.55 for the quarter. DA Davidson has a “Neutral” rating and a $27.50 price objective on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.28 per share.

Hanmi Financial (NASDAQ:HAFC) last announced 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 return on equity of 8.69% and a net margin of 14.45%.

A number of other equities analysts have also commented on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $29.00 price target (up from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Wedbush reissued a “neutral” rating and issued a $21.00 target price on shares of Hanmi Financial in a report on Wednesday, October 23rd. Janney Montgomery Scott raised Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Finally, Piper Sandler raised Hanmi Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $20.00 to $25.50 in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Hanmi Financial has a consensus rating of “Hold” and a consensus price target of $25.75.

Hanmi Financial Stock Down 0.9 %

Shares of NASDAQ:HAFC opened at $24.02 on Friday. The company has a market capitalization of $725.40 million, a PE ratio of 11.72 and a beta of 0.89. 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 company’s fifty day moving average is $24.13 and its 200-day moving average is $21.74. Hanmi Financial has a 52 week low of $14.45 and a 52 week high of $27.59.

Hedge Funds Weigh In On Hanmi Financial

Large investors have recently made changes to their positions in the company. New York State Common Retirement Fund increased its position in Hanmi Financial by 17.0% in the fourth quarter. New York State Common Retirement Fund now owns 8,257 shares of the bank’s stock worth $195,000 after purchasing an additional 1,200 shares during the period. Principal Financial Group Inc. grew its position in shares of Hanmi Financial by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 170,942 shares of the bank’s stock worth $4,038,000 after buying an additional 6,643 shares during the period. Savant Capital LLC raised its stake in shares of Hanmi Financial by 4.4% during the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank’s stock worth $431,000 after buying an additional 776 shares during the last quarter. Empowered Funds LLC lifted its holdings in Hanmi Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 108,704 shares of the bank’s stock valued at $2,568,000 after buying an additional 5,258 shares during the period. Finally, EMC Capital Management boosted its stake in Hanmi Financial by 162.4% in the fourth quarter. EMC Capital Management now owns 11,768 shares of the bank’s stock valued at $278,000 after acquiring an additional 7,284 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s payout ratio is 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.