FY2025 EPS Estimates for Hanmi Financial Lifted by Analyst

Hanmi Financial Co. (NASDAQ:HAFC) – Investment analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Hanmi Financial in a report issued on Thursday, January 30th. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $2.69 per share for the year, up from their prior forecast 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 $2.28 per share.

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

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

Hanmi Financial Stock Down 0.9 %

HAFC stock opened at $24.02 on Monday. Hanmi Financial has a twelve month low of $14.45 and a twelve month high of $27.59. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $24.13 and its 200-day moving average is $21.77. The firm has a market capitalization of $725.40 million, a PE ratio of 11.72 and a beta of 0.89.

Hanmi Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 4.50%. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s payout ratio is 48.78%.

Institutional Investors Weigh In On Hanmi Financial

A number of hedge funds and other institutional investors have recently modified their holdings of HAFC. Point72 DIFC Ltd bought a new stake in shares of Hanmi Financial in the 3rd quarter valued at about $28,000. R Squared Ltd purchased a new position in Hanmi Financial during the 4th quarter valued at about $43,000. Versant Capital Management Inc increased its holdings in Hanmi Financial by 110.7% during the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,035 shares during the period. Capital Performance Advisors LLP purchased a new position in Hanmi Financial during the 3rd quarter valued at about $49,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in Hanmi Financial by 47.0% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock valued at $63,000 after purchasing an additional 1,207 shares during the period. Institutional investors own 88.66% of the company’s stock.

About Hanmi Financial

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.