Hanmi Financial Corporation (NASDAQ:HAFC – Get Free Report) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $32.10.
A number of equities research analysts recently weighed in on the company. Capital One Financial set a $32.00 target price on Hanmi Financial in a research report on Thursday, May 28th. Keefe, Bruyette & Woods lifted their target price on Hanmi Financial from $31.50 to $32.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Brean Capital reissued a “neutral” rating and set a $32.00 target price on shares of Hanmi Financial in a research report on Thursday, May 28th. Finally, Piper Sandler lifted their target price on Hanmi Financial from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th.
View Our Latest Stock Report on Hanmi Financial
Insiders Place Their Bets
Institutional Investors Weigh In On Hanmi Financial
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Hanmi Financial by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,201,736 shares of the bank’s stock valued at $59,513,000 after purchasing an additional 45,511 shares in the last quarter. Rhino Investment Partners Inc raised its stake in shares of Hanmi Financial by 27.1% in the third quarter. Rhino Investment Partners Inc now owns 785,756 shares of the bank’s stock valued at $19,400,000 after acquiring an additional 167,485 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Hanmi Financial by 7.0% in the third quarter. American Century Companies Inc. now owns 932,896 shares of the bank’s stock valued at $23,033,000 after acquiring an additional 60,876 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Hanmi Financial by 287.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 83,475 shares of the bank’s stock valued at $2,257,000 after acquiring an additional 61,928 shares during the last quarter. Finally, Stieven Capital Advisors L.P. raised its stake in shares of Hanmi Financial by 4.3% in the third quarter. Stieven Capital Advisors L.P. now owns 634,676 shares of the bank’s stock valued at $15,670,000 after acquiring an additional 25,900 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.
Hanmi Financial Stock Performance
Shares of NASDAQ:HAFC opened at $30.43 on Monday. The company has a market cap of $905.90 million, a P/E ratio of 11.35 and a beta of 0.73. The stock’s 50-day moving average is $28.93 and its 200-day moving average is $27.90. Hanmi Financial has a 52-week low of $22.00 and a 52-week high of $31.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.98 and a current ratio of 0.98.
Hanmi Financial (NASDAQ:HAFC – Get Free Report) last released its earnings results on Tuesday, April 21st. The bank reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Hanmi Financial had a return on equity of 10.31% and a net margin of 18.05%.The business had revenue of $134.95 million for the quarter, compared to the consensus estimate of $71.40 million. Equities research analysts predict that Hanmi Financial will post 3.16 earnings per share for the current year.
Hanmi Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.12 dividend on an annualized basis and a yield of 3.7%. Hanmi Financial’s dividend payout ratio (DPR) is 41.79%.
Hanmi Financial Company Profile
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.
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