Wall Street brokerages forecast that Hanmi Financial Co. (NASDAQ:HAFC – Get Rating) will post earnings of $0.65 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Hanmi Financial’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.70. Hanmi Financial reported earnings of $0.72 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.7%. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Hanmi Financial will report full-year earnings of $2.69 per share for the current year, with EPS estimates ranging from $2.53 to $2.84. For the next year, analysts anticipate that the company will post earnings of $2.82 per share, with EPS estimates ranging from $2.73 to $2.95. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC – Get Rating) last issued its earnings results on Tuesday, April 26th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. Hanmi Financial had a return on equity of 16.52% and a net margin of 39.39%. During the same quarter in the prior year, the firm posted $0.55 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP increased its position in shares of Hanmi Financial by 134.2% during the 1st quarter. Royce & Associates LP now owns 153,510 shares of the bank’s stock valued at $3,778,000 after purchasing an additional 87,950 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Hanmi Financial by 113.0% during the 1st quarter. New York State Common Retirement Fund now owns 44,646 shares of the bank’s stock valued at $1,099,000 after acquiring an additional 23,688 shares during the period. Wakefield Asset Management LLLP purchased a new position in Hanmi Financial during the 1st quarter valued at $775,000. New York State Teachers Retirement System boosted its holdings in Hanmi Financial by 9.0% during the 1st quarter. New York State Teachers Retirement System now owns 21,505 shares of the bank’s stock valued at $529,000 after acquiring an additional 1,773 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Hanmi Financial during the 1st quarter valued at $218,000. 87.05% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:HAFC opened at $23.49 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.96 and a quick ratio of 0.95. Hanmi Financial has a 1 year low of $16.67 and a 1 year high of $28.84. The stock’s 50 day simple moving average is $24.61 and its two-hundred day simple moving average is $24.46. The company has a market cap of $715.74 million, a price-to-earnings ratio of 7.01 and a beta of 1.07.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Monday, May 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, May 6th. Hanmi Financial’s dividend payout ratio is currently 26.27%.
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.
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