DA Davidson Increases Earnings Estimates for Hanmi Financial

Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) - Equities research analysts at DA Davidson boosted their FY2025 earnings per share estimates for Hanmi Financial in a research report issued to clients and investors on Friday, June 27th. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $2.57 per share for the year, up from their prior forecast of $2.55. 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 $2.75 EPS.

Hanmi Financial Price Performance

Shares of Hanmi Financial stock traded up $0.47 during midday trading on Monday, reaching $26.51. The company had a trading volume of 84,127 shares, compared to its average volume of 186,211. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $23.43 and a 200 day simple moving average of $23.09. Hanmi Financial has a 1-year low of $15.74 and a 1-year high of $27.59. The company has a market capitalization of $800.87 million, a price-to-earnings ratio of 12.45 and a beta of 0.73.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Hanmi Financial had a net margin of 15.05% and a return on equity of 8.84%. The company had revenue of $62.82 million during the quarter, compared to the consensus estimate of $63.45 million.

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were paid a $0.27 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.07%. Hanmi Financial's dividend payout ratio (DPR) is currently 50.70%.

Hedge Funds Weigh In On Hanmi Financial

Several large investors have recently made changes to their positions in the company. Voya Investment Management LLC increased its position in Hanmi Financial by 53.3% in the first quarter. Voya Investment Management LLC now owns 71,545 shares of the bank's stock worth $1,621,000 after purchasing an additional 24,885 shares during the period. Strs Ohio bought a new position in shares of Hanmi Financial in the 1st quarter valued at about $505,000. Jane Street Group LLC grew its position in shares of Hanmi Financial by 352.6% during the 1st quarter. Jane Street Group LLC now owns 44,723 shares of the bank's stock worth $1,013,000 after buying an additional 34,841 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Hanmi Financial by 26.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,708 shares of the bank's stock worth $1,942,000 after buying an additional 18,112 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Hanmi Financial by 5.4% during the 1st quarter. Empowered Funds LLC now owns 114,624 shares of the bank's stock valued at $2,597,000 after acquiring an additional 5,920 shares during the last quarter. Institutional investors and hedge funds 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.