DA Davidson Comments on Hanmi Financial Q1 Earnings

Hanmi Financial Co. (NASDAQ:HAFC) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of Hanmi Financial in a report issued on Thursday, January 30th. DA Davidson analyst G. Tenner forecasts that the bank will post earnings of $0.55 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $27.50 price target on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.28 per share.

HAFC has been the topic of a number of other research reports. Janney Montgomery Scott raised Hanmi Financial from a “neutral” rating to a “buy” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Piper Sandler raised 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 report on Thursday, October 24th. Finally, Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Hanmi Financial in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.75.

Hanmi Financial Price Performance

NASDAQ HAFC opened at $24.02 on Friday. The firm’s 50 day moving average is $24.13 and its 200-day moving average is $21.74. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $725.40 million, a PE ratio of 11.72 and a beta of 0.89. Hanmi Financial has a 12-month low of $14.45 and a 12-month high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.69%.

Institutional Investors Weigh In On Hanmi Financial

Several hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in shares of Hanmi Financial in the third quarter valued at about $28,000. R Squared Ltd bought a new position in Hanmi Financial in the 4th quarter valued at about $43,000. Versant Capital Management Inc lifted its position in Hanmi Financial by 110.7% during the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after acquiring an additional 1,035 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Hanmi Financial during the third quarter worth approximately $49,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted 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 acquiring an additional 1,207 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 10th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, February 10th. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.50%. Hanmi Financial’s payout ratio is presently 48.78%.

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.