DA Davidson Forecasts Strong Price Appreciation for Hanmi Financial (NASDAQ:HAFC) Stock

Hanmi Financial (NASDAQ:HAFC - Free Report) had its price target upped by DA Davidson from $26.00 to $27.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the bank's stock. DA Davidson also issued estimates for Hanmi Financial's Q3 2025 earnings at $0.62 EPS.

Hanmi Financial Trading Down 0.3%

Hanmi Financial stock traded down $0.08 during midday trading on Wednesday, reaching $23.09. The stock had a trading volume of 237,927 shares, compared to its average volume of 160,614. Hanmi Financial has a twelve month low of $17.37 and a twelve month high of $27.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $697.55 million, a price-to-earnings ratio of 10.74 and a beta of 0.73. The firm's fifty day simple moving average is $24.17 and its two-hundred day simple moving average is $23.30.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.12). Hanmi Financial had a net margin of 15.11% and a return on equity of 8.77%. The business had revenue of $65.21 million for the quarter, compared to analysts' expectations of $65.70 million. During the same quarter in the prior year, the firm posted $0.48 EPS. Equities analysts anticipate that Hanmi Financial will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.68%. Hanmi Financial's dividend payout ratio is currently 50.23%.

Institutional Investors Weigh In On Hanmi Financial

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Hanmi Financial by 91.4% in the first quarter. GAMMA Investing LLC now owns 1,426 shares of the bank's stock worth $32,000 after buying an additional 681 shares during the last quarter. Quarry LP grew its position in Hanmi Financial by 114.3% in the first quarter. Quarry LP now owns 1,830 shares of the bank's stock worth $41,000 after acquiring an additional 976 shares in the last quarter. Curat Global LLC acquired a new position in shares of Hanmi Financial during the 1st quarter worth $42,000. US Bancorp DE acquired a new stake in shares of Hanmi Financial in the 1st quarter valued at $42,000. Finally, Quantbot Technologies LP boosted its holdings in Hanmi Financial by 5,858.5% in the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank's stock worth $58,000 after purchasing an additional 2,402 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

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.