Hanmi Financial (HAFC) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hanmi Financial in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HAFC shares.
View HAFC analyst ratings or view top-rated stocks.

3 analysts have issued 1-year price objectives for Hanmi Financial's shares. Their HAFC share price forecasts range from $17.00 to $29.00. On average, they predict the company's share price to reach $24.00 in the next year. This suggests a possible upside of 51.1% 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 2023. Since then, HAFC shares have decreased by 35.8% and is now trading at $15.88.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our HAFC earnings forecast.

Hanmi Financial Co. (NASDAQ:HAFC) posted its quarterly earnings data on Tuesday, October, 26th. The bank reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.28. The bank had revenue of $62.49 million for the quarter, compared to analysts' expectations of $56.73 million. Hanmi Financial had a net margin of 30.36% and a trailing twelve-month return on equity of 16.26%. During the same period in the prior year, the firm earned $0.53 earnings per share.

Hanmi Financial announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Monday, May 8th will be given a dividend of $0.25 per share on Wednesday, May 24th. This represents a $1.00 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date is Friday, May 5th.
Read our dividend analysis for HAFC.

ETFs with the largest weight of Hanmi Financial (NASDAQ:HAFC) stock in their portfolio include Hypatia Women Ceo ETF (WCEO), Invesco S&P SmallCap Low Volatility ETF (XSLV), 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), 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 6.94%. 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 29.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAFC will have a dividend payout ratio of 38.02% 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.75%), FMR LLC (8.97%), Dimensional Fund Advisors LP (7.89%), State Street Corp (4.89%), LSV Asset Management (4.07%) and Charles Schwab Investment Management Inc. (2.78%). Insiders that own company stock include Harry Chung, John J Ahn and Michael Yang.
View institutional ownership trends.

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 $15.88.

Hanmi Financial (NASDAQ:HAFC) has a market capitalization of $485.13 million and generates $308.01 million in revenue each year. The bank earns $101.39 million in net income (profit) each year or $3.36 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.