Hanmi Financial (HAFC) Projected to Post Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFCGet Free Report) is expected to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Hanmi Financial to post earnings of $0.53 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Hanmi Financial (NASDAQ:HAFCGet Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $108.86 million for the quarter, compared to analysts’ expectations of $59.23 million. Hanmi Financial had a return on equity of 8.87% and a net margin of 14.80%. During the same period in the previous year, the firm posted $0.62 earnings per share. 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 Price Performance

Shares of Hanmi Financial stock opened at $22.74 on Tuesday. The stock has a market cap of $686.75 million, a price-to-earnings ratio of 10.93 and a beta of 0.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a 50 day moving average price of $24.53 and a 200-day moving average price of $21.39. Hanmi Financial has a one year low of $14.45 and a one year high of $27.59.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Monday, November 4th. Hanmi Financial’s dividend payout ratio (DPR) is 48.08%.

Analyst Ratings Changes

HAFC has been the topic of a number of recent analyst reports. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $20.00 to $25.50 in a research note on Thursday, October 24th. Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Wedbush restated a “neutral” rating and issued a $21.00 target price on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. Finally, DA Davidson increased their price objective on Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Hanmi Financial has a consensus rating of “Hold” and an average price target of $24.38.

View Our Latest Analysis on HAFC

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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