Hanmi Financial Co. (NASDAQ:HAFC) Declares $0.25 Quarterly Dividend

Hanmi Financial Co. (NASDAQ:HAFC - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 6th will be given a dividend of 0.25 per share by the bank on Wednesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date is Friday, May 3rd.

Hanmi Financial has increased its dividend payment by an average of 24.4% annually over the last three years. Hanmi Financial has a dividend payout ratio of 42.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hanmi Financial to earn $2.21 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 45.2%.

Hanmi Financial Stock Up 1.2 %

NASDAQ:HAFC traded up $0.19 during mid-day trading on Friday, reaching $15.82. The company's stock had a trading volume of 457,426 shares, compared to its average volume of 286,631. Hanmi Financial has a 1 year low of $13.35 and a 1 year high of $20.31. The stock has a fifty day moving average of $15.23 and a 200-day moving average of $16.44. The firm has a market capitalization of $479.03 million, a PE ratio of 6.51 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.

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, topping analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $59.82 million during the quarter, compared to the consensus estimate of $63.43 million. Hanmi Financial had a net margin of 17.63% and a return on equity of 10.70%. Equities research analysts forecast that Hanmi Financial will post 2.1 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on HAFC shares. Keefe, Bruyette & Woods reiterated 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. Wedbush reiterated a "neutral" rating and issued a $17.00 target price on shares of Hanmi Financial in a report on Wednesday.

About Hanmi Financial

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.