Equities analysts forecast that Hanmi Financial Co. (NASDAQ:HAFC) will announce earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Hanmi Financial's earnings. The lowest EPS estimate is $0.32 and the highest is $0.43. Hanmi Financial reported earnings of $0.10 per share in the same quarter last year, which indicates a positive year over year growth rate of 260%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, January 26th.
According to Zacks, analysts expect that Hanmi Financial will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.28. For the next year, analysts anticipate that the company will post earnings of $1.01 per share, with EPS estimates ranging from $0.91 to $1.10. Zacks Investment Research's EPS averages are an average based on a survey of sell-side research analysts that follow Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, October 27th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.27. Hanmi Financial had a net margin of 11.41% and a return on equity of 5.56%. The firm had revenue of $52.75 million during the quarter, compared to the consensus estimate of $52.05 million.
Several equities research analysts have weighed in on HAFC shares. Piper Sandler decreased their price target on shares of Hanmi Financial from $9.50 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, October 1st. Zacks Investment Research downgraded shares of Hanmi Financial from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 30th. Finally, Wedbush started coverage on shares of Hanmi Financial in a research note on Tuesday, October 6th. They issued a "neutral" rating and a $9.00 price target for the company.
In other Hanmi Financial news, Director John J. Ahn bought 4,000 shares of the firm's stock in a transaction dated Thursday, November 5th. The stock was bought at an average cost of $9.14 per share, with a total value of $36,560.00. Following the completion of the transaction, the director now directly owns 33,915 shares in the company, valued at approximately $309,983.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company's stock.
A number of institutional investors have recently added to or reduced their stakes in HAFC. FMR LLC boosted its holdings in Hanmi Financial by 6.5% during the first quarter. FMR LLC now owns 2,561,110 shares of the bank's stock worth $54,475,000 after purchasing an additional 155,428 shares during the last quarter. Bank of America Corp DE boosted its holdings in Hanmi Financial by 132.1% during the second quarter. Bank of America Corp DE now owns 67,904 shares of the bank's stock worth $660,000 after purchasing an additional 38,645 shares during the last quarter. Sei Investments Co. boosted its holdings in Hanmi Financial by 72.9% during the second quarter. Sei Investments Co. now owns 44,600 shares of the bank's stock worth $433,000 after purchasing an additional 18,800 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Hanmi Financial during the second quarter worth about $129,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Hanmi Financial by 4.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 201,187 shares of the bank's stock worth $1,954,000 after purchasing an additional 8,601 shares during the last quarter. Institutional investors and hedge funds own 88.57% of the company's stock.
HAFC opened at $12.40 on Friday. Hanmi Financial has a 1-year low of $7.15 and a 1-year high of $19.24. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $380.92 million, a P/E ratio of 12.28 and a beta of 1.35. The company has a fifty day moving average price of $11.70 and a two-hundred day moving average price of $9.93.
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. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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12 Stocks Corporate Insiders are Abandoning
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