FY2024 Earnings Estimate for Hanmi Financial Co. (NASDAQ:HAFC) Issued By Wedbush

Hanmi Financial Co. (NASDAQ:HAFC) – Equities researchers at Wedbush reduced their FY2024 earnings per share estimates for shares of Hanmi Financial in a research note issued on Thursday, May 2nd. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings of $2.15 per share for the year, down from their previous forecast of $2.20. Wedbush has a “Neutral” rating and a $17.00 price objective on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.03 per share. Wedbush also issued estimates for Hanmi Financial’s Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.57 EPS.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 price target (down previously from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th.

Hanmi Financial Stock Performance

HAFC stock opened at $15.80 on Friday. The firm has a 50 day simple moving average of $15.28 and a 200 day simple moving average of $16.42. Hanmi Financial has a 52 week low of $13.35 and a 52 week high of $20.31. The stock has a market cap of $478.42 million, a P/E ratio of 6.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.98.

Hanmi Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 6th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.00 annualized dividend and a yield of 6.33%. Hanmi Financial’s dividend payout ratio (DPR) is 41.67%.

Institutional Trading of Hanmi Financial

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in shares of Hanmi Financial by 113.5% in the 1st quarter. BNP Paribas Financial Markets now owns 82,130 shares of the bank’s stock valued at $1,308,000 after purchasing an additional 43,662 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Hanmi Financial by 10.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 17,559 shares of the bank’s stock worth $280,000 after acquiring an additional 1,730 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Hanmi Financial by 151.2% during the first quarter. Assenagon Asset Management S.A. now owns 443,539 shares of the bank’s stock valued at $7,061,000 after acquiring an additional 266,949 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Hanmi Financial by 18.6% in the first quarter. Los Angeles Capital Management LLC now owns 19,330 shares of the bank’s stock valued at $308,000 after acquiring an additional 3,030 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Hanmi Financial by 90.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank’s stock valued at $100,000 after purchasing an additional 2,441 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

About Hanmi Financial

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.