Hanmi Financial (HAFC) Scheduled to Post Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFCGet Free Report) will be announcing its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hanmi Financial (NASDAQ:HAFCGet Free Report) last posted its quarterly 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. The business had revenue of $59.82 million during the quarter, compared to the consensus estimate of $63.43 million. Hanmi Financial had a return on equity of 11.88% and a net margin of 19.84%. On average, analysts expect Hanmi Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hanmi Financial Trading Up 4.2 %

Shares of Hanmi Financial stock opened at $15.21 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. Hanmi Financial has a 12-month low of $13.35 and a 12-month high of $20.31. The company has a market capitalization of $460.56 million, a price-to-earnings ratio of 5.81 and a beta of 0.95. The firm’s 50-day moving average price is $15.22 and its two-hundred day moving average price is $16.45.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, February 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.57%. Hanmi Financial’s dividend payout ratio (DPR) is currently 38.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wedbush lowered their price target on shares of Hanmi Financial from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Keefe, Bruyette & Woods decreased their price target on Hanmi Financial from $20.00 to $18.50 and set a “market perform” rating for the company in a research note on Wednesday, January 24th.

View Our Latest Analysis on HAFC

Institutional Trading of Hanmi Financial

A number of institutional investors have recently bought and sold shares of HAFC. Charles Schwab Investment Management Inc. lifted its stake in shares of Hanmi Financial by 112.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 848,953 shares of the bank’s stock valued at $15,765,000 after purchasing an additional 450,211 shares during the period. Millennium Management LLC raised its holdings in Hanmi Financial by 250.1% during the fourth quarter. Millennium Management LLC now owns 400,743 shares of the bank’s stock worth $9,918,000 after buying an additional 286,267 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Hanmi Financial by 3.6% in the 1st quarter. BlackRock Inc. now owns 4,506,824 shares of the bank’s stock worth $83,692,000 after acquiring an additional 155,777 shares during the last quarter. Royce & Associates LP lifted its position in Hanmi Financial by 87.8% in the 1st quarter. Royce & Associates LP now owns 286,343 shares of the bank’s stock valued at $5,317,000 after acquiring an additional 133,880 shares in the last quarter. Finally, State Street Corp boosted its stake in Hanmi Financial by 9.1% during the 1st quarter. State Street Corp now owns 1,493,306 shares of the bank’s stock valued at $27,731,000 after purchasing an additional 124,442 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Company Profile

(Get Free Report)

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.

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Earnings History for Hanmi Financial (NASDAQ:HAFC)

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