Hanmi Financial Co. Expected to Post Q2 2024 Earnings of $0.45 Per Share (NASDAQ:HAFC)

Hanmi Financial Co. (NASDAQ:HAFC) – Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for Hanmi Financial in a research note issued on Thursday, April 25th. DA Davidson analyst G. Tenner forecasts that the bank will earn $0.45 per share for the quarter. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.10 per share. DA Davidson also issued estimates for Hanmi Financial’s FY2025 earnings at $2.23 EPS.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $59.82 million during the quarter, compared to analyst estimates of $63.43 million. Hanmi Financial had a net margin of 17.63% and a return on equity of 10.70%.

HAFC has been the subject of several other research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price objective (down previously from $18.50) on shares of Hanmi Financial in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Hanmi Financial in a report on Wednesday.

Hanmi Financial Stock Performance

NASDAQ HAFC opened at $15.82 on Friday. The firm has a market cap of $479.03 million, a price-to-earnings ratio of 6.59 and a beta of 0.95. The company has a 50 day moving average of $15.24 and a 200-day moving average of $16.43. The company has a current ratio of 0.98, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Hanmi Financial has a 1-year low of $13.35 and a 1-year high of $20.31.

Institutional Trading of Hanmi Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of Hanmi Financial in the third quarter valued at approximately $30,000. GAMMA Investing LLC acquired a new stake in shares of Hanmi Financial in the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Hanmi Financial in the fourth quarter valued at approximately $37,000. Simplex Trading LLC increased its holdings in shares of Hanmi Financial by 1,406.7% in the fourth quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,899 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Hanmi Financial by 291.6% in the fourth quarter. CWM LLC now owns 2,232 shares of the bank’s stock valued at $43,000 after purchasing an additional 1,662 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, May 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Friday, May 3rd. Hanmi Financial’s dividend payout ratio is currently 41.67%.

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.