Analysts Issue Forecasts for Hanmi Financial Q1 Earnings

Hanmi Financial Co. (NASDAQ:HAFC) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Hanmi Financial in a research note issued on Thursday, January 30th. DA Davidson analyst G. Tenner anticipates that the bank will post earnings per share of $0.55 for the quarter. DA Davidson currently 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 $2.28 per share.

Hanmi Financial (NASDAQ:HAFC) last announced 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 return on equity of 8.69% and a net margin of 14.45%.

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

Hanmi Financial Stock Down 1.2 %

Shares of NASDAQ HAFC opened at $24.25 on Friday. The business’s fifty day moving average price is $24.21 and its 200-day moving average price is $21.68. Hanmi Financial has a one year low of $14.45 and a one year high of $27.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $732.35 million, a PE ratio of 11.83 and a beta of 0.89.

Hanmi Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s dividend payout ratio is currently 48.78%.

Institutional Trading of Hanmi Financial

Several large investors have recently added to or reduced their stakes in HAFC. JPMorgan Chase & Co. boosted its stake in shares of Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock valued at $15,552,000 after purchasing an additional 349,339 shares in the last quarter. FMR LLC grew its holdings in shares of Hanmi Financial by 26.1% during the 3rd quarter. FMR LLC now owns 879,979 shares of the bank’s stock worth $16,368,000 after acquiring an additional 182,164 shares during the period. Bank of Montreal Can purchased a new stake in shares of Hanmi Financial in the 2nd quarter worth approximately $2,979,000. Assenagon Asset Management S.A. boosted its holdings in Hanmi Financial by 66.5% in the third quarter. Assenagon Asset Management S.A. now owns 395,244 shares of the bank’s stock worth $7,352,000 after acquiring an additional 157,792 shares in the last quarter. Finally, Stieven Capital Advisors L.P. grew its stake in shares of Hanmi Financial by 20.6% in the third quarter. Stieven Capital Advisors L.P. now owns 571,053 shares of the bank’s stock worth $10,622,000 after acquiring an additional 97,500 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

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.