Hanmi Financial Co. (NASDAQ:HAFC) to Post FY2024 Earnings of $1.94 Per Share, DA Davidson Forecasts

Hanmi Financial Co. (NASDAQ:HAFC) – Research analysts at DA Davidson dropped their FY2024 earnings per share (EPS) estimates for shares of Hanmi Financial in a report issued on Thursday, April 25th. DA Davidson analyst G. Tenner now expects that the bank will earn $1.94 per share for the year, down from their previous forecast of $2.27. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.03 per share.

Several other equities research analysts have also commented on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 price objective (down from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th. Wedbush restated a “neutral” rating and issued a $17.00 price objective on shares of Hanmi Financial in a research note on Wednesday, April 24th.

Hanmi Financial Trading Up 1.2 %

NASDAQ:HAFC opened at $15.82 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 1.00. The firm has a market capitalization of $478.97 million, a price-to-earnings ratio of 6.59 and a beta of 0.95. Hanmi Financial has a one year low of $13.35 and a one year high of $20.31. The business has a fifty day moving average price of $15.24 and a 200-day moving average price of $16.44.

Hanmi Financial Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s dividend payout ratio is currently 41.67%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new position in Hanmi Financial in the 3rd quarter worth $30,000. GAMMA Investing LLC bought a new position in Hanmi Financial in the 4th quarter worth $30,000. Meeder Asset Management Inc. bought a new position in Hanmi Financial in the 4th quarter worth $37,000. Simplex Trading LLC boosted its holdings in Hanmi Financial by 1,406.7% in the 4th quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock worth $39,000 after buying an additional 1,899 shares during the period. Finally, CWM LLC boosted its holdings in Hanmi Financial by 291.6% in the 4th quarter. CWM LLC now owns 2,232 shares of the bank’s stock worth $43,000 after buying an additional 1,662 shares during the period. Institutional investors own 88.66% of the company’s stock.

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.