Brokerages expect that Hanmi Financial Co. (NASDAQ:HAFC – Get Rating) will report sales of $57.23 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hanmi Financial’s earnings, with the lowest sales estimate coming in at $54.90 million and the highest estimate coming in at $58.80 million. Hanmi Financial reported sales of $55.81 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Hanmi Financial will report full-year sales of $242.40 million for the current fiscal year, with estimates ranging from $228.80 million to $251.00 million. For the next year, analysts anticipate that the company will post sales of $266.90 million, with estimates ranging from $251.10 million to $287.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC – Get Rating) last posted its quarterly earnings data on Tuesday, January 25th. The bank reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.49. The business had revenue of $58.79 million during the quarter, compared to analyst estimates of $59.10 million. Hanmi Financial had a net margin of 38.37% and a return on equity of 16.13%. During the same quarter in the previous year, the business posted $0.47 earnings per share.
NASDAQ:HAFC opened at $24.35 on Thursday. The firm has a 50 day simple moving average of $25.40 and a 200-day simple moving average of $24.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $740.68 million, a PE ratio of 7.56 and a beta of 1.10. Hanmi Financial has a 1-year low of $16.67 and a 1-year high of $28.84.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 24th. Investors of record on Monday, February 7th were given a dividend of $0.22 per share. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 4th. This represents a $0.88 annualized dividend and a yield of 3.61%. Hanmi Financial’s dividend payout ratio is 27.33%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAFC. FMR LLC grew its stake in Hanmi Financial by 6.5% during the first quarter. FMR LLC now owns 2,561,110 shares of the bank’s stock worth $54,475,000 after buying an additional 155,428 shares during the period. Morgan Stanley grew its stake in Hanmi Financial by 99.7% during the second quarter. Morgan Stanley now owns 165,048 shares of the bank’s stock worth $3,146,000 after buying an additional 82,414 shares during the period. New York State Teachers Retirement System grew its stake in Hanmi Financial by 25.0% during the third quarter. New York State Teachers Retirement System now owns 15,516 shares of the bank’s stock worth $311,000 after buying an additional 3,100 shares during the period. Maryland State Retirement & Pension System purchased a new stake in Hanmi Financial during the third quarter worth approximately $245,000. Finally, SG Americas Securities LLC grew its stake in Hanmi Financial by 159.2% during the third quarter. SG Americas Securities LLC now owns 40,538 shares of the bank’s stock worth $813,000 after buying an additional 24,900 shares during the period. Institutional investors own 86.47% of the company’s stock.
Hanmi Financial Company Profile (Get Rating)
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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