Hanmi Financial (HAFC) to Release Quarterly Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC) will release its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Hanmi Financial to post earnings of $0.49 per share for the quarter. Investors that wish to register for the company’s 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. The company had revenue of $106.72 million during the quarter, compared to analyst estimates of $59.07 million. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. During the same period in the prior year, the firm posted $0.67 earnings per share. 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 company has a debt-to-equity ratio of 0.60, a current ratio of 1.00 and a quick ratio of 1.00. Hanmi Financial has a 1-year low of $13.87 and a 1-year high of $21.17. The firm has a market capitalization of $627.49 million, a P/E ratio of 8.60 and a beta of 0.87. The business’s 50-day simple moving average is $19.12 and its 200-day simple moving average is $17.41.

Hanmi Financial Dividend Announcement

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

Analyst Ratings Changes

HAFC has been the topic of a number of research reports. Wedbush cut their target price on shares of Hanmi Financial from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. DA Davidson boosted their price objective on Hanmi Financial from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods raised Hanmi Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $20.00 to $22.00 in a research report on Wednesday, October 2nd.

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.