Hanmi Financial (HAFC) Set to Announce Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC) will announce its earnings results after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $106.72 million during the quarter, compared to the consensus estimate of $59.07 million. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. During the same period in the prior year, the company earned $0.67 EPS. 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 Stock Down 1.8 %

Shares of NASDAQ HAFC opened at $20.65 on Monday. The company has a market cap of $627.49 million, a price-to-earnings ratio of 8.60 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. Hanmi Financial has a 12 month low of $13.87 and a 12 month high of $21.17. The stock has a 50-day moving average price of $19.12 and a two-hundred day moving average price of $17.42.

Hanmi Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Monday, August 5th. Hanmi Financial’s payout ratio is 41.67%.

Analyst Ratings Changes

A number of analysts have weighed in on HAFC shares. Keefe, Bruyette & Woods raised shares of Hanmi Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $20.00 to $22.00 in a research note on Wednesday, October 2nd. Wedbush cut their target price on Hanmi Financial from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, DA Davidson increased their price target on Hanmi Financial from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th.

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.