Hanmi Financial (NASDAQ:HAFC) Posts Earnings Results, Misses Expectations By $0.01 EPS

Hanmi Financial (NASDAQ:HAFC – Get Free Report) announced its quarterly earnings results on Tuesday. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01), FiscalAI reports. Hanmi Financial had a net margin of 19.82% and a return on equity of 11.20%. The firm had revenue of $76.60 million for the quarter, compared to the consensus estimate of $75.13 million.

Hanmi Financial Price Performance

Shares of HAFC traded up $0.24 during trading hours on Tuesday, reaching $32.41. 243,191 shares of the stock traded hands, compared to its average volume of 259,840. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Hanmi Financial has a 52-week low of $24.54 and a 52-week high of $33.50. The company’s 50-day moving average price is $31.52 and its two-hundred day moving average price is $29.78. The company has a market cap of $960.96 million, a P/E ratio of 10.91 and a beta of 0.75.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. DA Davidson lifted their price objective on Hanmi Financial from $31.50 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Hanmi Financial in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.

Read Our Latest Stock Analysis on Hanmi Financial

Hanmi Financial Company Profile

(Get Free Report)

Hanmi Financial Corporation is the holding company for Hanmi Bank, a commercial bank headquartered in Los Angeles, California. Founded in 1982, Hanmi Bank was established to serve Korean American and other small-business communities and has developed into a full-service regional bank serving individuals, businesses, and professional organizations.

Hanmi Bank offers commercial and consumer deposit accounts, business and personal lending, commercial real estate financing, small business loans, construction loans, and trade finance services.

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Earnings History for Hanmi Financial (NASDAQ:HAFC)

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