DA Davidson Increases Earnings Estimates for Hanmi Financial

Hanmi Financial Co. (NASDAQ:HAFC) – Analysts at DA Davidson increased their FY2025 earnings estimates for shares of Hanmi Financial in a research report issued on Thursday, January 30th. DA Davidson analyst G. Tenner now expects that the bank will earn $2.69 per share for the year, up from their previous estimate of $2.15. DA Davidson has a “Neutral” rating and a $27.50 price target on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.41 per share.

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

A number of other brokerages have also weighed in on HAFC. Piper Sandler raised Hanmi Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $25.50 in a research report on Thursday, October 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $29.00 price objective (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Hanmi Financial in a research report on Wednesday, October 23rd. Finally, Janney Montgomery Scott upgraded Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.75.

Hanmi Financial Stock Up 1.7 %

HAFC stock opened at $24.49 on Monday. The stock has a market capitalization of $739.60 million, a P/E ratio of 11.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. Hanmi Financial has a 1-year low of $14.45 and a 1-year high of $27.59. The business has a fifty day moving average price of $24.03 and a 200-day moving average price of $21.84.

Institutional Trading of Hanmi Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of HAFC. Point72 DIFC Ltd bought a new position in Hanmi Financial in the 3rd quarter worth $28,000. R Squared Ltd bought a new position in shares of Hanmi Financial in the fourth quarter worth about $43,000. Versant Capital Management Inc grew its position in shares of Hanmi Financial by 110.7% during the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after purchasing an additional 1,035 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Hanmi Financial in the 3rd quarter worth approximately $49,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in Hanmi Financial by 47.0% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after purchasing an additional 1,207 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Hanmi Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be given a dividend of $0.27 per share. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.41%. Hanmi Financial’s payout ratio is presently 48.78%.

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.