FY2025 EPS Estimates for Hanmi Financial Lowered by Analyst

Hanmi Financial Co. (NASDAQ:HAFC) – Equities researchers at DA Davidson cut their FY2025 EPS estimates for shares of Hanmi Financial in a research note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will earn $2.15 per share for the year, down from their previous forecast of $2.18. DA Davidson currently has a “Neutral” rating and a $22.00 target price on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.00 per share.

A number of other brokerages also recently issued reports on HAFC. 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. Janney Montgomery Scott raised shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $29.00 target price (up previously from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. Finally, 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 research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.38.

Hanmi Financial Stock Performance

NASDAQ:HAFC opened at $23.64 on Monday. 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 stock has a 50-day simple moving average of $24.33 and a two-hundred day simple moving average of $20.32. The firm has a market capitalization of $713.83 million, a PE ratio of 11.37 and a beta of 0.87. Hanmi Financial has a 52-week low of $14.45 and a 52-week high of $27.59.

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. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. The business had revenue of $108.86 million for the quarter, compared to analysts’ expectations of $59.23 million. During the same quarter last year, the company posted $0.62 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HAFC. Point72 DIFC Ltd bought a new stake in shares of Hanmi Financial in the third quarter worth about $28,000. Capital Performance Advisors LLP bought a new stake in Hanmi Financial in the 3rd quarter worth approximately $49,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Hanmi Financial by 47.0% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after acquiring an additional 1,207 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Hanmi Financial during the 2nd quarter valued at approximately $168,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Hanmi Financial by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568 shares of the bank’s stock valued at $193,000 after purchasing an additional 911 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Monday, November 4th. Hanmi Financial’s dividend payout ratio (DPR) is presently 48.08%.

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.