FY2025 EPS Estimates for Hanmi Financial Reduced by Analyst

Hanmi Financial Co. (NASDAQ:HAFC) – Investment analysts at DA Davidson lowered their FY2025 EPS estimates for shares of Hanmi Financial in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will earn $2.15 per share for the year, down from their prior forecast of $2.18. DA Davidson has a “Neutral” rating and a $22.00 price objective on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.00 per share.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, October 22nd. The bank reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. The business had revenue of $108.86 million during the quarter, compared to analysts’ expectations of $59.23 million. During the same quarter last year, the company earned $0.62 earnings per share.

Other research analysts have also issued reports about the company. Wedbush restated a “neutral” rating and issued a $21.00 target price on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Piper Sandler upgraded shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $20.00 to $25.50 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $29.00 target price (up from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Finally, Janney Montgomery Scott raised shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.38.

Hanmi Financial Price Performance

Shares of HAFC stock opened at $23.45 on Monday. Hanmi Financial has a 12 month low of $14.45 and a 12 month high of $27.59. The company has a market capitalization of $708.10 million, a P/E ratio of 11.27 and a beta of 0.87. The stock has a 50 day moving average of $24.40 and a two-hundred day moving average of $20.38. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58.

Hanmi Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were paid a $0.25 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 4.26%. Hanmi Financial’s dividend payout ratio is presently 48.08%.

Institutional Investors Weigh In On Hanmi Financial

Several large investors have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in Hanmi Financial during the 3rd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new position in Hanmi Financial in the third quarter worth $49,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Hanmi Financial by 47.0% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after purchasing an additional 1,207 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Hanmi Financial in the second quarter valued at $168,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Hanmi Financial by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568 shares of the bank’s stock valued at $193,000 after buying an additional 911 shares during the last quarter. 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.