Hanmi Financial (HAFC) Projected to Post Quarterly Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC) is expected to be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Hanmi Financial to post earnings of $0.53 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Hanmi Financial Stock Up 0.6 %

HAFC stock opened at $22.98 on Friday. The business’s 50 day moving average price is $24.33 and its two-hundred day moving average price is $21.54. Hanmi Financial has a fifty-two week low of $14.45 and a fifty-two week high of $27.59. The company has a market capitalization of $694.00 million, a price-to-earnings ratio of 11.05 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.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. DA Davidson raised their target price on shares of Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Hanmi Financial in a report on Wednesday, October 23rd. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $25.50 in a report on Thursday, October 24th. Finally, Janney Montgomery Scott upgraded Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.38.

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.