Shares of Hanmi Financial Corporation (NASDAQ:HAFC – Get Free Report) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $33.40.
A number of brokerages have recently commented on HAFC. Piper Sandler boosted their price objective on shares of Hanmi Financial from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. DA Davidson raised their target price on shares of Hanmi Financial from $31.50 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hanmi Financial in a research note on Monday, September 21st.
Check Out Our Latest Stock Report on Hanmi Financial
Hanmi Financial Trading Up 2.0%
NASDAQ HAFC opened at $33.70 on Thursday. Hanmi Financial has a 52 week low of $24.54 and a 52 week high of $34.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50 day moving average price is $31.74 and its two-hundred day moving average price is $29.95. The stock has a market capitalization of $999.21 million, a price-to-earnings ratio of 10.87 and a beta of 0.72.
Hanmi Financial (NASDAQ:HAFC – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.01). Hanmi Financial had a return on equity of 11.30% and a net margin of 20.06%. The business had revenue of $76.60 million for the quarter, compared to the consensus estimate of $75.13 million. As a group, analysts anticipate that Hanmi Financial will post 3.20 earnings per share for the current fiscal year.
Hanmi Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 9th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, November 9th. Hanmi Financial’s dividend payout ratio (DPR) is presently 36.84%.
Institutional Investors Weigh In On Hanmi Financial
A number of large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Hanmi Financial during the third quarter worth about $866,000. SummerHaven Investment Management LLC raised its holdings in Hanmi Financial by 63.2% during the 3rd quarter. SummerHaven Investment Management LLC now owns 46,612 shares of the bank’s stock worth $1,440,000 after purchasing an additional 18,051 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Hanmi Financial during the 2nd quarter worth approximately $119,000. Squarepoint Ops LLC acquired a new position in Hanmi Financial during the 2nd quarter worth approximately $434,000. Finally, Allworth Financial LP boosted its stake in Hanmi Financial by 62.6% during the 2nd quarter. Allworth Financial LP now owns 1,003 shares of the bank’s stock valued at $32,000 after purchasing an additional 386 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.
Hanmi Financial Company Profile
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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