Hanmi Financial Corporation (NASDAQ:HAFC) Stock Has Average Price Target of $33.00

Key Points

• Analyst sentiment remains neutral: Hanmi Financial has a consensus “Hold” rating from six brokerages, with an average 12-month price target of $33.00 versus shares recently opening at $32.70.
• Third-quarter results were mixed: Net income rose year over year to $23.7 million, or $0.80 per diluted share, while revenue of $76.6 million exceeded estimates; however, EPS narrowly missed the $0.81 consensus forecast.
• The outlook is cautiously constructive: Management expects low- to mid-single-digit loan growth in 2027 as loan payoffs ease, though credit-quality concerns could limit earnings momentum.

Shares of Hanmi Financial Corporation (NASDAQ:HAFC - Get Free Report) have received a consensus rating of "Hold" from the six brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $33.00.

A number of brokerages have recently issued reports on HAFC. Weiss Ratings reiterated a "buy (b)" rating on shares of Hanmi Financial in a research report on Monday, September 21st. DA Davidson lifted their price target on shares of Hanmi Financial from $31.50 to $34.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd.

Hedge Funds Weigh In On Hanmi Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAFC. Allworth Financial LP raised its position in shares of Hanmi Financial by 62.6% during the 2nd quarter. Allworth Financial LP now owns 1,003 shares of the bank's stock worth $32,000 after purchasing an additional 386 shares during the last quarter. Assetmark Inc. lifted its stake in Hanmi Financial by 35,033.3% in the 1st quarter. Assetmark Inc. now owns 1,054 shares of the bank's stock valued at $28,000 after buying an additional 1,051 shares in the last quarter. Nykredit A S purchased a new position in Hanmi Financial in the 2nd quarter valued at about $35,000. GAMMA Investing LLC lifted its stake in Hanmi Financial by 22.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,487 shares of the bank's stock valued at $81,000 after buying an additional 456 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Hanmi Financial by 85.4% in the 1st quarter. Royal Bank of Canada now owns 3,486 shares of the bank's stock worth $92,000 after buying an additional 1,606 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Hanmi Financial

Here are the key news stories impacting Hanmi Financial this week:

• Positive Sentiment: Hanmi reported third-quarter net income of $23.7 million, or $0.80 per diluted share, up from $23.5 million, or $0.79 per share, in the second quarter. Revenue was $76.6 million, exceeding the $75.13 million analyst estimate. Hanmi Reports 2026 Third Quarter Results
• Positive Sentiment: Management signaled expected 2027 loan growth in the low- to mid-single-digit range as loan payoffs ease, offering a constructive outlook for future asset growth and interest income. Hanmi signals 2027 low- to mid-single-digit loan growth as payoffs ease
• Neutral Sentiment: Profit increased from $0.73 per share a year earlier, indicating year-over-year improvement, although the results were broadly in line with expectations. Hanmi Financial Q3 key metrics
• Negative Sentiment: Third-quarter EPS of $0.80 narrowly missed the $0.81 consensus estimate. Coverage also highlighted credit headwinds, which could limit earnings momentum if loan quality or provisions deteriorate. Hanmi Financial Q3 earnings lag estimates

Hanmi Financial Stock Up 0.9%

Shares of HAFC opened at $32.70 on Thursday. Hanmi Financial has a 52 week low of $24.54 and a 52 week high of $33.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $969.52 million, a price-to-earnings ratio of 11.01 and a beta of 0.75. The stock's 50-day moving average price is $31.54 and its 200-day moving average price is $29.83.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its earnings results on Tuesday, October 27th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $76.60 million during the quarter, compared to analyst estimates of $75.13 million. Hanmi Financial had a net margin of 19.82% and a return on equity of 11.20%. On average, sell-side analysts predict that Hanmi Financial will post 3.19 EPS for the current year.

About Hanmi Financial

Hanmi Financial Corporation is the holding company for Hanmi Bank, a commercial bank headquartered in Los Angeles, California. Founded in 1982, Hanmi Bank was established to serve Korean American and other small-business communities and has developed into a full-service regional bank serving individuals, businesses, and professional organizations.

Hanmi Bank offers commercial and consumer deposit accounts, business and personal lending, commercial real estate financing, small business loans, construction loans, and trade finance services.

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