Hanmi Financial (NASDAQ:HAFC) announced its quarterly earnings results on Tuesday. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.07), Fidelity Earnings reports. Hanmi Financial had a net margin of 16.44% and a return on equity of 8.45%. The firm had revenue of $50.92 million for the quarter, compared to the consensus estimate of $50.96 million.
Shares of NASDAQ HAFC traded down $0.71 during trading on Wednesday, reaching $18.29. The company had a trading volume of 10,873 shares, compared to its average volume of 198,347. Hanmi Financial has a 52 week low of $17.01 and a 52 week high of $24.18. The stock has a market cap of $567.29 million, a PE ratio of 9.62 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day moving average price is $18.41 and its 200-day moving average price is $20.63.
A number of equities analysts have weighed in on HAFC shares. TheStreet downgraded shares of Hanmi Financial from a “b-” rating to a “c+” rating in a research note on Monday, August 12th. BidaskClub raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of Hanmi Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 27th. DA Davidson downgraded shares of Hanmi Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $27.00 to $21.50 in a research note on Monday, August 12th. Finally, Zacks Investment Research raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.25.
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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