Q1 2024 EPS Estimates for Hanmi Financial Co. Reduced by Wedbush (NASDAQ:HAFC)

Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - Investment analysts at Wedbush decreased their Q1 2024 earnings per share (EPS) estimates for shares of Hanmi Financial in a research report issued on Wednesday, March 27th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings of $0.54 per share for the quarter, down from their prior forecast of $0.56. Wedbush has a "Neutral" rating and a $20.00 price objective on the stock. The consensus estimate for Hanmi Financial's current full-year earnings is $2.16 per share. Wedbush also issued estimates for Hanmi Financial's Q2 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $2.20 EPS, Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.59 EPS and FY2025 earnings at $2.40 EPS.

Separately, Keefe, Bruyette & Woods decreased their target price on Hanmi Financial from $20.00 to $18.50 and set a "market perform" rating for the company in a report on Wednesday, January 24th.

Hanmi Financial Trading Up 0.3 %

Shares of HAFC traded up $0.05 during mid-day trading on Thursday, hitting $15.92. 209,869 shares of the company's stock traded hands, compared to its average volume of 306,677. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $481.90 million, a P/E ratio of 6.08 and a beta of 0.94. The business's 50-day moving average price is $15.75 and its 200-day moving average price is $16.61. Hanmi Financial has a 1 year low of $13.35 and a 1 year high of $20.31.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $59.82 million for the quarter, compared to analysts' expectations of $63.43 million. Hanmi Financial had a return on equity of 11.88% and a net margin of 19.84%.

Institutional Investors Weigh In On Hanmi Financial

A number of institutional investors have recently modified their holdings of HAFC. Lazard Asset Management LLC purchased a new stake in shares of Hanmi Financial in the second quarter worth $28,000. Strs Ohio purchased a new stake in shares of Hanmi Financial in the third quarter worth $30,000. GAMMA Investing LLC purchased a new stake in shares of Hanmi Financial in the fourth quarter worth $30,000. Quarry LP purchased a new stake in shares of Hanmi Financial in the fourth quarter worth $30,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Hanmi Financial in the fourth quarter worth $37,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, February 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.28%. Hanmi Financial's dividend payout ratio is currently 38.17%.

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.