FY2025 EPS Estimate for Hanmi Financial Reduced by Analyst

Hanmi Financial Co. (NASDAQ:HAFC) – Research analysts at DA Davidson dropped their FY2025 earnings estimates for shares of Hanmi Financial in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $2.38 per share for the year, down from their prior estimate of $2.39. DA Davidson currently has a “Neutral” rating and a $27.50 target price on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.60 per share. DA Davidson also issued estimates for Hanmi Financial’s FY2025 earnings at $2.38 EPS.

Hanmi Financial Stock Down 2.7 %

Shares of NASDAQ:HAFC opened at $20.42 on Friday. Hanmi Financial has a 1 year low of $14.45 and a 1 year high of $27.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The business’s 50-day moving average is $23.21 and its 200-day moving average is $23.01. The company has a market capitalization of $616.60 million, a price-to-earnings ratio of 9.96 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%.

Institutional Trading of Hanmi Financial

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Hanmi Financial by 17.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,154 shares of the bank’s stock worth $523,000 after acquiring an additional 3,367 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Hanmi Financial during the 4th quarter worth about $3,108,000. Point72 Asset Management L.P. grew its stake in shares of Hanmi Financial by 6.6% in the 4th quarter. Point72 Asset Management L.P. now owns 8,527 shares of the bank’s stock valued at $201,000 after buying an additional 527 shares during the period. ProShare Advisors LLC bought a new stake in Hanmi Financial in the 4th quarter valued at about $214,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hanmi Financial by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,112 shares of the bank’s stock worth $404,000 after buying an additional 547 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.29%. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 10th. Hanmi Financial’s dividend payout ratio is presently 52.68%.

About Hanmi Financial

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.