Hanmi Financial (HAFC) to Release Quarterly Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFCGet Rating) will be announcing its earnings results after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Hanmi Financial (NASDAQ:HAFCGet Rating) last released its quarterly earnings data on Tuesday, January 25th. The bank reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.49. The firm had revenue of $58.79 million for the quarter, compared to the consensus estimate of $59.10 million. Hanmi Financial had a net margin of 38.37% and a return on equity of 16.13%. During the same period last year, the firm earned $0.47 earnings per share. On average, analysts expect Hanmi Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ:HAFC opened at $24.07 on Tuesday. The firm has a 50 day moving average of $25.24 and a 200 day moving average of $24.10. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $732.16 million, a price-to-earnings ratio of 7.48 and a beta of 1.10. Hanmi Financial has a 52 week low of $16.67 and a 52 week high of $28.84.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 24th. Stockholders of record on Monday, February 7th were issued a $0.22 dividend. The ex-dividend date was Friday, February 4th. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.66%. Hanmi Financial’s dividend payout ratio (DPR) is currently 27.33%.

A number of equities research analysts recently weighed in on HAFC shares. StockNews.com started coverage on Hanmi Financial in a research note on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research raised shares of Hanmi Financial from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, January 27th. Finally, Jonestrading lifted their price objective on shares of Hanmi Financial from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 26th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Hanmi Financial currently has an average rating of “Buy” and a consensus target price of $29.00.

A number of institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY boosted its holdings in Hanmi Financial by 7.3% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,139 shares of the bank’s stock worth $193,000 after acquiring an additional 555 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Hanmi Financial by 1.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 31,688 shares of the bank’s stock valued at $750,000 after purchasing an additional 563 shares during the last quarter. Royal Bank of Canada raised its position in shares of Hanmi Financial by 10.0% in the 3rd quarter. Royal Bank of Canada now owns 14,399 shares of the bank’s stock valued at $289,000 after purchasing an additional 1,306 shares during the last quarter. Legal & General Group Plc boosted its stake in Hanmi Financial by 2.7% in the 4th quarter. Legal & General Group Plc now owns 63,801 shares of the bank’s stock worth $1,511,000 after purchasing an additional 1,690 shares in the last quarter. Finally, Millennium Management LLC grew its position in Hanmi Financial by 2.9% during the 3rd quarter. Millennium Management LLC now owns 79,250 shares of the bank’s stock worth $1,590,000 after purchasing an additional 2,227 shares during the last quarter. Institutional investors own 86.47% of the company’s stock.

About Hanmi Financial (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.

Further Reading

Earnings History for Hanmi Financial (NASDAQ:HAFC)

Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.