Hanmi Financial (NASDAQ:HAFC) Shares Gap Up After Dividend Announcement

Shares of Hanmi Financial Corporation (NASDAQ:HAFC) gapped up prior to trading on Friday following a dividend announcement from the company. The stock had previously closed at $24.77, but opened at $26.39. Hanmi Financial shares last traded at $26.66, with a volume of 5,190 shares trading hands.

The newly announced dividend which will be paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th will be paid a dividend of $0.28 per share. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.2%. Hanmi Financial’s dividend payout ratio (DPR) is currently 43.03%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HAFC. Wall Street Zen cut Hanmi Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 24th. Keefe, Bruyette & Woods boosted their target price on shares of Hanmi Financial from $29.00 to $30.50 and gave the stock a “market perform” rating in a research report on Wednesday, October 22nd. DA Davidson reaffirmed a “neutral” rating and set a $29.50 price target on shares of Hanmi Financial in a research note on Thursday. Zacks Research cut shares of Hanmi Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hanmi Financial in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Hanmi Financial has an average rating of “Hold” and a consensus target price of $29.33.

Hanmi Financial Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.97. The firm’s 50-day moving average price is $28.06 and its 200 day moving average price is $26.04. The firm has a market capitalization of $795.77 million, a price-to-earnings ratio of 10.59 and a beta of 0.72.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, January 27th. The bank reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The company had revenue of $134.06 million during the quarter, compared to analysts’ expectations of $71.40 million. Hanmi Financial had a net margin of 17.10% and a return on equity of 9.85%. Sell-side analysts expect that Hanmi Financial Corporation will post 2.6 EPS for the current year.

Trending Headlines about 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

Institutional Investors Weigh In On Hanmi Financial

A number of hedge funds and other institutional investors have recently modified their holdings of HAFC. New York State Teachers Retirement System lifted its stake in shares of Hanmi Financial by 14.5% during the fourth quarter. New York State Teachers Retirement System now owns 18,073 shares of the bank’s stock valued at $489,000 after buying an additional 2,292 shares during the period. UBS Group AG raised its holdings in Hanmi Financial by 8.7% in the 4th quarter. UBS Group AG now owns 128,112 shares of the bank’s stock valued at $3,463,000 after acquiring an additional 10,220 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hanmi Financial by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,201,736 shares of the bank’s stock worth $59,513,000 after purchasing an additional 45,511 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Hanmi Financial by 5.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 119,408 shares of the bank’s stock valued at $3,229,000 after purchasing an additional 5,959 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Hanmi Financial by 12.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,577 shares of the bank’s stock valued at $583,000 after purchasing an additional 2,436 shares during the period. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

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.