Hanmi Financial Co. (NASDAQ:HAFC) Expected to Earn Q2 2024 Earnings of $0.52 Per Share

Hanmi Financial Co. (NASDAQ:HAFC) – Stock analysts at Wedbush dropped their Q2 2024 earnings per share (EPS) estimates for Hanmi Financial in a research report issued on Thursday, May 2nd. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.52 for the quarter, down from their prior estimate of $0.55. Wedbush has a “Neutral” rating and a $17.00 price objective on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.02 per share. Wedbush also issued estimates for Hanmi Financial’s Q3 2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.51 EPS and FY2025 earnings at $2.20 EPS.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 price objective (down from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th.

Hanmi Financial Trading Up 1.1 %

Shares of Hanmi Financial stock opened at $15.97 on Monday. The stock has a market cap of $483.57 million, a PE ratio of 6.65 and a beta of 0.93. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $15.30 and a two-hundred day moving average of $16.44. Hanmi Financial has a 12-month low of $13.64 and a 12-month high of $20.31.

Hanmi Financial Dividend Announcement

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 6.26%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s dividend payout ratio is presently 41.67%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of Hanmi Financial by 107.1% in 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 during the period. American Century Companies Inc. increased its stake in shares of Hanmi Financial by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock valued at $5,825,000 after acquiring an additional 35,104 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Hanmi Financial by 35.7% during the 3rd 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 period. GSA Capital Partners LLP boosted its position in shares of Hanmi Financial by 148.3% in 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. boosted its position in shares of Hanmi Financial by 1.7% in 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 and hedge funds 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.