FY2025 EPS Estimates for Hanmi Financial Cut by DA Davidson

Hanmi Financial Co. (NASDAQ:HAFC) – DA Davidson dropped their FY2025 earnings estimates for shares of Hanmi Financial in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the bank will post earnings per share of $2.15 for the year, down from their prior estimate of $2.18. DA Davidson has a “Neutral” rating and a $22.00 price target on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.00 per share.

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

Hanmi Financial Price Performance

Shares of HAFC opened at $23.45 on Monday. The business’s 50-day moving average is $24.40 and its 200-day moving average is $20.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $708.10 million, a price-to-earnings ratio of 11.27 and a beta of 0.87. Hanmi Financial has a fifty-two week low of $14.45 and a fifty-two 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, meeting analysts’ consensus estimates of $0.49. The business had revenue of $108.86 million for the quarter, compared to the consensus estimate of $59.23 million. Hanmi Financial had a return on equity of 8.87% and a net margin of 14.80%. During the same quarter in the previous year, the company posted $0.62 earnings per share.

Institutional Investors Weigh In On Hanmi Financial

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Hanmi Financial by 32.2% in the second quarter. AQR Capital Management LLC now owns 1,072,772 shares of the bank’s stock worth $17,937,000 after buying an additional 261,545 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Hanmi Financial by 71.8% during the second quarter. Acadian Asset Management LLC now owns 482,698 shares of the bank’s stock valued at $8,070,000 after acquiring an additional 201,789 shares during the period. FMR LLC grew its position in shares of Hanmi Financial by 26.1% in the third quarter. FMR LLC now owns 879,979 shares of the bank’s stock valued at $16,368,000 after purchasing an additional 182,164 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Hanmi Financial in the second quarter worth about $2,979,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Hanmi Financial by 66.5% in the third quarter. Assenagon Asset Management S.A. now owns 395,244 shares of the bank’s stock worth $7,352,000 after purchasing an additional 157,792 shares during the period. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Monday, November 4th. Hanmi Financial’s payout ratio is 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.