Hanmi Financial (NASDAQ:HAFC) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

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.

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. 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.

Featured Story: What is quantitative easing?

Earnings History for Hanmi Financial (NASDAQ:HAFC)

Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.