FY2025 EPS Estimates for Hanmi Financial Cut by DA Davidson

Hanmi Financial Co. (NASDAQ:HAFC) – Stock analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Hanmi Financial in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $2.15 per share for the year, down from their previous estimate of $2.18. DA Davidson currently has a “Neutral” rating and a $22.00 target price on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.00 per share.

HAFC has been the topic of several other reports. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $20.00 to $25.50 in a report 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. Wedbush reissued a “neutral” rating and set a $21.00 target price on shares of Hanmi Financial in a research note on Wednesday, October 23rd. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.38.

Hanmi Financial Stock Performance

Hanmi Financial stock opened at $23.64 on Monday. Hanmi Financial has a 1-year low of $14.45 and a 1-year high of $27.59. The company’s 50-day moving average is $24.33 and its 200 day moving average is $20.32. The firm has a market capitalization of $713.83 million, a P/E ratio of 11.37 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.99.

Hanmi Financial (NASDAQ:HAFC) last announced 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 for the quarter, compared to the consensus estimate of $59.23 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new stake in shares of Hanmi Financial in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new position in Hanmi Financial during the third quarter valued at approximately $49,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Hanmi Financial by 47.0% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after buying an additional 1,207 shares in the last quarter. Marshall Wace LLP purchased a new stake in Hanmi Financial during the second quarter worth $168,000. Finally, The Manufacturers Life Insurance Company boosted its position in Hanmi Financial by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568 shares of the bank’s stock valued at $193,000 after acquiring an additional 911 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.

Hanmi Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Monday, November 4th. Hanmi Financial’s dividend payout ratio is 48.08%.

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.