Hanmi Financial FY2025 EPS Forecast Lowered by DA Davidson

Hanmi Financial Co. (NASDAQ:HAFC) – Stock analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of Hanmi Financial in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $2.38 for the year, down from their prior forecast of $2.39. DA Davidson currently 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 $2.60 per share. DA Davidson also issued estimates for Hanmi Financial’s FY2025 earnings at $2.38 EPS.

Hanmi Financial Stock Down 2.7 %

HAFC stock opened at $20.42 on Friday. Hanmi Financial has a one year low of $14.45 and a one year high of $27.59. The firm has a market cap of $616.60 million, a PE ratio of 9.96 and a beta of 0.87. The firm’s 50 day moving average price is $23.21 and its 200-day moving average price is $22.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%.

Hanmi Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a yield of 5.29%. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s payout ratio is currently 52.68%.

Hedge Funds Weigh In On Hanmi Financial

A number of hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in Hanmi Financial by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock valued at $25,000 after buying an additional 747 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Hanmi Financial in the 3rd quarter valued at approximately $28,000. R Squared Ltd acquired a new position in shares of Hanmi Financial in the 4th quarter worth approximately $43,000. Versant Capital Management Inc boosted its position in shares of Hanmi Financial by 110.7% during the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after purchasing an additional 1,035 shares during the period. Finally, Quantbot Technologies LP increased its holdings in Hanmi Financial by 5,858.5% in the 4th quarter. Quantbot Technologies LP now owns 2,443 shares of the bank’s stock valued at $58,000 after purchasing an additional 2,402 shares during the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

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.