Hanmi Financial - HAFC Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanmi Financial in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HAFC shares.
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2 Wall Street research analysts have issued 12-month target prices for Hanmi Financial's stock. Their HAFC share price forecasts range from $26.00 to $29.00. On average, they predict the company's stock price to reach $27.33 in the next year. This suggests a possible upside of 36.3% from the stock's current price.
View analysts price targets for HAFC or view top-rated stocks among Wall Street analysts.

Hanmi Financial's stock was trading at $24.75 at the beginning of the year. Since then, HAFC stock has decreased by 19.0% and is now trading at $20.05.
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Hanmi Financial saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 876,000 shares, an increase of 10.9% from the February 13th total of 789,700 shares. Based on an average daily volume of 165,600 shares, the short-interest ratio is currently 5.3 days. Approximately 2.9% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our HAFC earnings forecast.

Hanmi Financial Co. (NASDAQ:HAFC) announced its quarterly earnings data on Tuesday, October, 26th. The bank reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.28. The bank earned $62.49 million during the quarter, compared to analyst estimates of $56.73 million. Hanmi Financial had a net margin of 32.92% and a trailing twelve-month return on equity of 16.31%. During the same quarter in the previous year, the firm earned $0.53 EPS.

Hanmi Financial declared a quarterly dividend on Thursday, January 26th. Stockholders of record on Monday, February 6th will be given a dividend of $0.25 per share on Thursday, February 23rd. This represents a $1.00 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for HAFC.

ETFs with the largest weight of Hanmi Financial (NASDAQ:HAFC) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco S&P SmallCap Value with Momentum ETF (XSVM), iShares US Small Cap Value Factor ETF (SVAL), Royce Quant Small-Cap Quality Value ETF (SQLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Hartford Multifactor Small Cap ETF (ROSC).

Hanmi Financial (NASDAQ:HAFC) pays an annual dividend of $1.00 per share and currently has a dividend yield of 5.19%. HAFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAFC will have a dividend payout ratio of 33.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HAFC.

15 employees have rated Hanmi Financial Chief Executive Officer Jay S. Yoo on Glassdoor.com. Jay S. Yoo has an approval rating of 37% among the company's employees. This puts Jay S. Yoo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hanmi Financial investors own include General Mills (GIS), Harley-Davidson (HOG), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), CenterPoint Energy (CNP), CubeSmart (CUBE), Enterprise Products Partners (EPD), Energy Transfer (ET), Entravision Communications (EVC) and FactSet Research Systems (FDS).

Hanmi Financial trades on the NASDAQ under the ticker symbol "HAFC."

Hanmi Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.96%), LSV Asset Management (4.02%), Geode Capital Management LLC (1.88%), Stieven Capital Advisors L.P. (1.49%), Millennium Management LLC (1.31%) and Charles Schwab Investment Management Inc. (1.31%). Insiders that own company stock include Bonita Lee, John J Ahn, Michael Yang and Romolo Santarosa.
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Shares of HAFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HAFC stock can currently be purchased for approximately $20.05.

Hanmi Financial (NASDAQ:HAFC) has a market capitalization of $611.53 million and generates $308.01 million in revenue each year. The bank earns $101.39 million in net income (profit) each year or $3.32 on an earnings per share basis.

The company employs 586 workers across the globe.

Hanmi Financial's mailing address is 3660 WILSHIRE BLVD SUITE PH-A, LOS ANGELES CA, 90010. The official website for the company is www.hanmi.com. The bank can be reached via phone at (213) 382-2200, via email at lglassen@addoir.com, or via fax at 302-636-5454.