Hanmi Financial (NASDAQ:HAFC) Earns “Neutral” Rating from DA Davidson

Hanmi Financial (NASDAQ:HAFC)‘s stock had its “neutral” rating reaffirmed by analysts at DA Davidson in a report released on Thursday,Benzinga reports. They presently have a $29.50 price target on the bank’s stock. DA Davidson’s target price would indicate a potential upside of 11.03% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Hanmi Financial in a research note on Monday, December 29th. Zacks Research downgraded shares of Hanmi Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Wall Street Zen lowered Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Hanmi Financial from $29.00 to $30.50 and gave the stock a “market perform” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $29.33.

Hanmi Financial Stock Performance

Shares of Hanmi Financial stock opened at $26.57 on Thursday. The business’s fifty day moving average is $28.06 and its two-hundred day moving average is $26.04. Hanmi Financial has a fifty-two week low of $19.25 and a fifty-two week high of $30.20. The firm has a market cap of $795.77 million, a PE ratio of 10.59 and a beta of 0.72. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.35.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). Hanmi Financial had a return on equity of 9.85% and a net margin of 17.10%.The company had revenue of $134.06 million for the quarter, compared to analysts’ expectations of $71.40 million. Analysts anticipate that Hanmi Financial will post 2.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Unison Advisors LLC raised its position in shares of Hanmi Financial by 1.1% during the fourth quarter. Unison Advisors LLC now owns 32,259 shares of the bank’s stock worth $872,000 after purchasing an additional 356 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Hanmi Financial by 17.3% during the third quarter. EverSource Wealth Advisors LLC now owns 2,672 shares of the bank’s stock worth $66,000 after purchasing an additional 394 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Hanmi Financial by 15.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the bank’s stock valued at $100,000 after acquiring an additional 531 shares in the last quarter. Cerity Partners LLC grew its stake in Hanmi Financial by 1.7% in the second quarter. Cerity Partners LLC now owns 36,771 shares of the bank’s stock valued at $908,000 after purchasing an additional 632 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hanmi Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,892 shares of the bank’s stock valued at $405,000 after buying an additional 780 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

Key Stories Impacting Hanmi Financial

Here are the key news stories impacting Hanmi Financial this week:

• Positive Sentiment: Board raises quarterly cash dividend and expands repurchase authorization — Hanmi increased its quarterly dividend to $0.28 (about a 3.7–4% raise vs. prior), announced an expanded share repurchase program and set an ex‑dividend date of Feb. 9, giving a roughly 4.2% yield. These capital-return moves can support the stock and signal management confidence. Dividend & Repurchase Article
• Neutral Sentiment: DA Davidson reaffirms a “Neutral” rating with a $29.50 price target — the call keeps analyst sentiment unchanged but implies ~11% upside from the current price, so it’s not a catalyst for an upgrade-driven rally. DA Davidson Article
• Neutral Sentiment: Zacks coverage highlights valuation/technical setup — Zacks argues HAFC may be undervalued and technically oversold, suggesting the recent decline could set up a rebound if earnings estimates hold or improve. This is a watch-item for value/technical traders rather than immediate fundamental change. Zacks Valuation Article
• Negative Sentiment: Shares fell after weaker-than-expected quarterly results — Hanmi reported EPS slightly below consensus and the stock dropped sharply (reports cite a ~10.9% move down) as investors reacted to the earnings miss and near-term profitability guidance/metrics. This is the primary driver of today’s negative price action. Earnings Reaction Article

Hanmi Financial Company Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.