Brokers Set Expectations for Hanmi Financial FY2025 Earnings

Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - Analysts at DA Davidson increased their FY2025 earnings estimates for Hanmi Financial in a report issued on Thursday, April 24th. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $2.55 per share for the year, up from their previous forecast of $2.38. DA Davidson has a "Neutral" rating and a $27.50 price target 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 FY2026 earnings at $2.73 EPS.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $62.82 million for the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%.

Hanmi Financial Stock Up 1.6 %

HAFC traded up $0.36 during midday trading on Monday, hitting $23.32. The company had a trading volume of 7,968 shares, compared to its average volume of 204,079. The stock's 50 day moving average price is $22.19 and its 200 day moving average price is $23.36. Hanmi Financial has a 52 week low of $14.95 and a 52 week high of $27.59. The company has a market capitalization of $704.68 million, a price-to-earnings ratio of 11.35 and a beta of 0.68. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

Hanmi Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Monday, May 5th. Hanmi Financial's dividend payout ratio (DPR) is currently 50.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Hanmi Financial by 1.9% during the first quarter. SG Americas Securities LLC now owns 25,406 shares of the bank's stock worth $576,000 after purchasing an additional 480 shares during the period. Point72 Asset Management L.P. raised its holdings in Hanmi Financial by 6.6% during the fourth quarter. Point72 Asset Management L.P. now owns 8,527 shares of the bank's stock worth $201,000 after buying an additional 527 shares during the last quarter. Cresset Asset Management LLC lifted its stake in shares of Hanmi Financial by 0.9% in the fourth quarter. Cresset Asset Management LLC now owns 56,990 shares of the bank's stock valued at $1,346,000 after buying an additional 535 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hanmi Financial by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,112 shares of the bank's stock valued at $404,000 after buying an additional 547 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its position in shares of Hanmi Financial by 1.3% during the first quarter. SummerHaven Investment Management LLC now owns 47,211 shares of the bank's stock worth $1,070,000 after acquiring an additional 599 shares in the last quarter. Institutional investors own 88.66% of the company's stock.

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.