Hanmi Financial Co. to Post Q2 2024 Earnings of $0.45 Per Share, DA Davidson Forecasts (NASDAQ:HAFC)

Hanmi Financial Co. (NASDAQ:HAFC) – Research analysts at DA Davidson issued their Q2 2024 earnings estimates for Hanmi Financial in a note issued to investors on Thursday, April 25th. DA Davidson analyst G. Tenner forecasts that the bank will post earnings of $0.45 per share for the quarter. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.10 per share. DA Davidson also issued estimates for Hanmi Financial’s FY2025 earnings at $2.23 EPS.

Several other equities research analysts have also weighed in on HAFC. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 target price (down from $18.50) on shares of Hanmi Financial in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Hanmi Financial in a research note on Wednesday.

Hanmi Financial Price Performance

HAFC opened at $15.82 on Friday. The company has a fifty day moving average price of $15.24 and a two-hundred day moving average price of $16.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 0.98. The firm has a market capitalization of $479.03 million, a PE ratio of 6.59 and a beta of 0.95. Hanmi Financial has a 52 week low of $13.35 and a 52 week high of $20.31.

Hanmi Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s dividend payout ratio is presently 41.67%.

Institutional Investors Weigh In On Hanmi Financial

A number of institutional investors have recently made changes to their positions in HAFC. Strs Ohio bought a new position in shares of Hanmi Financial in the 3rd quarter valued at $30,000. GAMMA Investing LLC bought a new position in Hanmi Financial in the fourth quarter valued at about $30,000. Meeder Asset Management Inc. acquired a new position in Hanmi Financial during the fourth quarter worth about $37,000. Simplex Trading LLC lifted its holdings in shares of Hanmi Financial by 1,406.7% in the fourth quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock worth $39,000 after acquiring an additional 1,899 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Hanmi Financial by 291.6% in the 4th quarter. CWM LLC now owns 2,232 shares of the bank’s stock valued at $43,000 after purchasing an additional 1,662 shares in the last quarter. Institutional investors own 88.66% 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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.