Hanmi Financial (HAFC) Projected to Post Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC) will likely be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Hanmi Financial to post earnings of $0.53 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Hanmi Financial Stock Performance

NASDAQ HAFC opened at $22.98 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.00. The stock’s fifty day moving average is $24.33 and its two-hundred day moving average is $21.54. The firm has a market capitalization of $694.00 million, a P/E ratio of 11.05 and a beta of 0.89. Hanmi Financial has a fifty-two week low of $14.45 and a fifty-two week high of $27.59.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HAFC. DA Davidson boosted their price target on shares of Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their price target for the company from $20.00 to $25.50 in a research note on Thursday, October 24th. Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Finally, 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.38.

About Hanmi Financial

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.