FY2025 EPS Forecast for Hanmi Financial Raised by Analyst

Key Points

• DA Davidson raised their FY2025 EPS forecast for Hanmi Financial from $2.32 to $2.33 while maintaining a "Neutral" rating and a target price of $27.00.
• The bank reported a quarterly EPS of $0.50, missing the consensus estimate of $0.62, with revenues totaling $65.21 million, below expectations.
• Hanmi Financial currently offers a quarterly dividend of $0.27, reflecting a 4.4% yield, with a payout ratio of 50.23%.

Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) - Investment analysts at DA Davidson lifted their FY2025 EPS estimates for Hanmi Financial in a research note issued on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $2.33 per share for the year, up from their previous forecast of $2.32. DA Davidson currently has a "Neutral" rating and a $27.00 target price 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 $2.76 EPS.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.12). Hanmi Financial had a net margin of 15.11% and a return on equity of 8.77%. The company had revenue of $65.21 million for the quarter, compared to analysts' expectations of $65.70 million. During the same period in the previous year, the firm earned $0.48 earnings per share.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods increased their price objective on shares of Hanmi Financial from $27.00 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 23rd. Zacks Research upgraded shares of Hanmi Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, September 22nd. Finally, Piper Sandler lowered their target price on shares of Hanmi Financial from $28.50 to $28.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Hanmi Financial presently has an average rating of "Hold" and an average target price of $26.00.

Hanmi Financial Stock Up 0.0%

HAFC opened at $24.69 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. Hanmi Financial has a 1-year low of $17.92 and a 1-year high of $27.59. The company has a market capitalization of $743.91 million, a PE ratio of 11.48 and a beta of 0.78. The firm's 50 day simple moving average is $24.24 and its two-hundred day simple moving average is $23.62.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Monday, August 4th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.4%. Hanmi Financial's payout ratio is presently 50.23%.

Institutional Trading of Hanmi Financial

Several large investors have recently bought and sold shares of the stock. LSV Asset Management grew its position in Hanmi Financial by 3.0% during the 2nd quarter. LSV Asset Management now owns 1,417,475 shares of the bank's stock worth $34,983,000 after purchasing an additional 40,684 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Hanmi Financial by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 872,020 shares of the bank's stock valued at $21,521,000 after purchasing an additional 53,189 shares during the period. Geode Capital Management LLC raised its position in Hanmi Financial by 2.7% during the second quarter. Geode Capital Management LLC now owns 799,205 shares of the bank's stock worth $19,728,000 after acquiring an additional 21,157 shares during the period. Stieven Capital Advisors L.P. raised its position in Hanmi Financial by 9.2% during the first quarter. Stieven Capital Advisors L.P. now owns 608,076 shares of the bank's stock worth $13,779,000 after acquiring an additional 51,323 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Hanmi Financial by 1.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 500,299 shares of the bank's stock worth $11,337,000 after buying an additional 9,350 shares in the last quarter. Hedge funds and other 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.

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