Wall Street brokerages expect that Hanmi Financial Corp (NASDAQ:HAFC) will announce sales of $49.70 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Hanmi Financial’s earnings. The lowest sales estimate is $48.40 million and the highest is $51.50 million. Hanmi Financial posted sales of $51.95 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The firm is scheduled to announce its next earnings results on Tuesday, January 21st.
On average, analysts expect that Hanmi Financial will report full-year sales of $198.70 million for the current financial year, with estimates ranging from $194.80 million to $203.10 million. For the next fiscal year, analysts expect that the company will post sales of $202.40 million, with estimates ranging from $198.70 million to $206.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Friday, October 4th. The bank reported $0.09 EPS for the quarter. Hanmi Financial had a return on equity of 7.77% and a net margin of 14.93%. The company had revenue of $50.72 million during the quarter.
Shares of NASDAQ:HAFC traded down $0.34 on Friday, reaching $19.92. 74,822 shares of the company traded hands, compared to its average volume of 106,565. Hanmi Financial has a fifty-two week low of $17.01 and a fifty-two week high of $24.09. The company’s 50 day moving average is $19.49 and its 200-day moving average is $19.80. The stock has a market capitalization of $630.36 million, a PE ratio of 10.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.82%. Hanmi Financial’s dividend payout ratio (DPR) is presently 50.53%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its holdings in shares of Hanmi Financial by 33.4% in the third quarter. Squarepoint Ops LLC now owns 49,071 shares of the bank’s stock valued at $922,000 after purchasing an additional 12,278 shares in the last quarter. Barclays PLC lifted its holdings in shares of Hanmi Financial by 2.1% in the third quarter. Barclays PLC now owns 35,715 shares of the bank’s stock valued at $670,000 after purchasing an additional 728 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Hanmi Financial by 1.2% in the third quarter. California State Teachers Retirement System now owns 47,207 shares of the bank’s stock valued at $887,000 after purchasing an additional 563 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Hanmi Financial by 13.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,826,963 shares of the bank’s stock valued at $34,310,000 after purchasing an additional 221,218 shares in the last quarter. Finally, Mackay Shields LLC lifted its holdings in shares of Hanmi Financial by 15.9% in the third quarter. Mackay Shields LLC now owns 179,567 shares of the bank’s stock valued at $3,372,000 after purchasing an additional 24,700 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.
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.
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