Q3 2024 EPS Estimates for Hanmi Financial Co. (NASDAQ:HAFC) Boosted by Analyst

Hanmi Financial Co. (NASDAQ:HAFC) – Equities researchers at Wedbush boosted their Q3 2024 earnings per share (EPS) estimates for Hanmi Financial in a research report issued on Wednesday, April 24th. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $0.59 per share for the quarter, up from their previous forecast of $0.58. Wedbush has a “Neutral” rating and a $17.00 price target on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.10 per share. Wedbush also issued estimates for Hanmi Financial’s Q4 2024 earnings at $0.57 EPS.

Hanmi Financial (NASDAQ:HAFC) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Hanmi Financial had a return on equity of 10.70% and a net margin of 17.63%. The firm had revenue of $59.82 million during the quarter, compared to analyst estimates of $63.43 million.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 target price (down previously from $18.50) on shares of Hanmi Financial in a research report on Wednesday.

Hanmi Financial Stock Up 1.2 %

Shares of NASDAQ:HAFC opened at $15.82 on Thursday. Hanmi Financial has a 52-week low of $13.35 and a 52-week high of $20.31. The firm has a market capitalization of $479.03 million, a P/E ratio of 6.59 and a beta of 0.95. The stock has a 50 day moving average price of $15.24 and a 200-day moving average price of $16.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 0.98.

Hanmi Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s dividend payout ratio (DPR) is presently 41.67%.

Institutional Trading of Hanmi Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its position in Hanmi Financial by 107.1% during the third quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock valued at $4,734,000 after purchasing an additional 150,861 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Hanmi Financial by 10.8% in the third quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock worth $5,825,000 after purchasing an additional 35,104 shares during the last quarter. Alps Advisors Inc. increased its stake in Hanmi Financial by 35.7% during the third quarter. Alps Advisors Inc. now owns 20,088 shares of the bank’s stock worth $326,000 after acquiring an additional 5,282 shares during the last quarter. GSA Capital Partners LLP increased its stake in Hanmi Financial by 148.3% during the third quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank’s stock worth $861,000 after acquiring an additional 31,682 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Hanmi Financial by 1.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 208,574 shares of the bank’s stock worth $3,385,000 after acquiring an additional 3,494 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.