Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - Equities research analysts at Wedbush upped their Q3 2024 EPS estimates for shares of Hanmi Financial in a note issued to investors on Wednesday, April 24th. Wedbush analyst D. Chiaverini now forecasts that the bank will earn $0.59 per share for the quarter, up from their previous estimate of $0.58. Wedbush has a "Neutral" rating and a $17.00 price objective on the stock. The consensus estimate for Hanmi Financial's current full-year earnings is $2.15 per share. Wedbush also issued estimates for Hanmi Financial's Q4 2024 earnings at $0.57 EPS.
Separately, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $18.00 target price (down from $18.50) on shares of Hanmi Financial in a report on Wednesday.
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Hanmi Financial Stock Up 3.2 %
Shares of HAFC stock traded up $0.49 during trading hours on Thursday, hitting $15.63. 324,697 shares of the company's stock traded hands, compared to its average volume of 284,497. Hanmi Financial has a 12-month low of $13.35 and a 12-month high of $20.31. 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 stock has a market cap of $473.28 million, a price-to-earnings ratio of 6.31 and a beta of 0.95. The stock's fifty day simple moving average is $15.23 and its two-hundred day simple moving average is $16.44.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. Hanmi Financial had a return on equity of 10.80% and a net margin of 17.63%. The business had revenue of $59.82 million for the quarter, compared to analysts' expectations of $63.43 million.
Hedge Funds Weigh In On Hanmi Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Hanmi Financial in the fourth quarter worth $30,000. Meeder Asset Management Inc. purchased a new position in Hanmi Financial in the 4th quarter worth about $37,000. Strs Ohio bought a new position in Hanmi Financial during the 3rd quarter valued at about $30,000. Simplex Trading LLC boosted its holdings in shares of Hanmi Financial by 1,406.7% during the 4th quarter. Simplex Trading LLC now owns 2,034 shares of the bank's stock valued at $39,000 after acquiring an additional 1,899 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Hanmi Financial by 291.6% in the fourth quarter. CWM LLC now owns 2,232 shares of the bank's stock worth $43,000 after acquiring an additional 1,662 shares during the period. 88.66% of the stock is owned by institutional investors.
About Hanmi Financial
(
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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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