Hanmi Financial (HAFC) Set to Announce Quarterly Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC) will be issuing its earnings data after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). Hanmi Financial had a net margin of 17.63% and a return on equity of 10.70%. The business had revenue of $58.39 million during the quarter, compared to analyst estimates of $58.83 million. On average, analysts expect Hanmi Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $19.51 on Monday. The company has a market cap of $592.91 million, a P/E ratio of 8.13 and a beta of 0.90. The business has a fifty day simple moving average of $16.23 and a 200-day simple moving average of $16.05. Hanmi Financial has a 52 week low of $13.87 and a 52 week high of $20.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.13%. The ex-dividend date was Friday, May 3rd. Hanmi Financial’s dividend payout ratio (DPR) is 41.67%.

Analyst Ratings Changes

HAFC has been the topic of several research analyst reports. Wedbush reissued a “neutral” rating and issued a $17.00 target price on shares of Hanmi Financial in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 price objective (down from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th.

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.