Hanmi Financial Corporation (NASDAQ:HAFC) to Issue Quarterly Dividend of $0.28

Hanmi Financial Corporation (NASDAQ:HAFC – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be given a dividend of 0.28 per share by the bank on Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, August 3rd.

Hanmi Financial has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Hanmi Financial has a payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hanmi Financial to earn $3.42 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 32.7%.

Get Hanmi Financial alerts:

Hanmi Financial Price Performance

Shares of Hanmi Financial stock traded up $0.82 on Thursday, hitting $32.22. The company’s stock had a trading volume of 519,303 shares, compared to its average volume of 280,566. The company has a market capitalization of $959.19 million, a P/E ratio of 10.85 and a beta of 0.72. Hanmi Financial has a 52-week low of $22.00 and a 52-week high of $33.50. The firm has a fifty day moving average price of $31.26 and a 200-day moving average price of $28.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.16.

Hanmi Financial (NASDAQ:HAFC – Get Free Report) last posted its earnings results on Tuesday, July 21st. The bank reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. Hanmi Financial had a net margin of 19.82% and a return on equity of 11.27%. The firm had revenue of $72.21 million during the quarter, compared to the consensus estimate of $74.03 million. On average, equities research analysts expect that Hanmi Financial will post 3.16 earnings per share for the current fiscal year.

Hanmi Financial Company Profile

(Get Free Report)

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.

See Also

• Five stocks we like better than Hanmi Financial
• Premium Retail’s Stress Test Is Separating Winners From Losers
• D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
• GE Vernova Just Sent a Mixed AI Signal to Investors
• Alphabet Crushed Earnings, But One Number Spooked the Market

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.