Hanmi Financial (HAFC) to Release Quarterly Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC) will issue its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to post earnings of $0.49 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. The business had revenue of $106.72 million for the quarter, compared to analyst estimates of $59.07 million. During the same quarter in the previous year, the company earned $0.67 EPS. On average, analysts expect Hanmi Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hanmi Financial Stock Performance

NASDAQ HAFC opened at $20.65 on Friday. The business has a 50 day moving average price of $19.12 and a 200 day moving average price of $17.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $627.49 million, a P/E ratio of 8.60 and a beta of 0.87. Hanmi Financial has a 1-year low of $13.87 and a 1-year high of $21.17.

Hanmi Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Monday, August 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Monday, August 5th. Hanmi Financial’s dividend payout ratio is currently 41.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HAFC. Keefe, Bruyette & Woods raised shares of Hanmi Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $20.00 to $22.00 in a research note on Wednesday, October 2nd. Wedbush lowered their price target on shares of Hanmi Financial from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, DA Davidson lifted their price objective on Hanmi Financial from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th.

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.