Analysts Issue Forecasts for Hanmi Financial Co.'s Q2 2024 Earnings (NASDAQ:HAFC)

Hanmi Financial Co. (NASDAQ:HAFC - Free Report) - DA Davidson issued their Q2 2024 earnings per share estimates for shares of Hanmi Financial in a research note issued to investors on Thursday, April 25th. DA Davidson analyst G. Tenner expects that the bank will earn $0.45 per share for the quarter. The consensus estimate for Hanmi Financial's current full-year earnings is $2.10 per share. DA Davidson also issued estimates for Hanmi Financial's FY2025 earnings at $2.23 EPS.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Hanmi Financial had a return on equity of 10.70% and a net margin of 17.63%. The business had revenue of $59.82 million during the quarter, compared to analysts' expectations of $63.43 million.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $18.00 price target (down from $18.50) on shares of Hanmi Financial in a research report on Wednesday. Wedbush reiterated a "neutral" rating and issued a $17.00 price objective on shares of Hanmi Financial in a research report on Wednesday.

Hanmi Financial Price Performance

Shares of Hanmi Financial stock traded up $0.19 during mid-day trading on Friday, reaching $15.82. 457,426 shares of the stock traded hands, compared to its average volume of 286,631. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $15.23 and a 200 day moving average of $16.44. The stock has a market capitalization of $479.03 million, a PE ratio of 6.51 and a beta of 0.95. Hanmi Financial has a fifty-two week low of $13.35 and a fifty-two week high of $20.31.

Hanmi Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial's payout ratio is currently 41.67%.

Institutional Trading of Hanmi Financial

Several hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its stake in Hanmi Financial by 107.1% in the third quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank's stock valued at $4,734,000 after buying an additional 150,861 shares in the last quarter. American Century Companies Inc. raised its stake in Hanmi Financial by 10.8% in the third quarter. American Century Companies Inc. now owns 358,918 shares of the bank's stock valued at $5,825,000 after buying an additional 35,104 shares in the last quarter. Alps Advisors Inc. raised its stake in Hanmi Financial by 35.7% in the third quarter. Alps Advisors Inc. now owns 20,088 shares of the bank's stock valued at $326,000 after buying an additional 5,282 shares in the last quarter. GSA Capital Partners LLP raised its stake in Hanmi Financial by 148.3% in the third quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank's stock valued at $861,000 after buying an additional 31,682 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Hanmi Financial by 1.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 208,574 shares of the bank's stock valued at $3,385,000 after buying an additional 3,494 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.