Hanmi Financial Corp. (HAFC) Set to Announce Quarterly Earnings on Tuesday
Hanmi Financial Corp. (NASDAQ:HAFC) will post its quarterly earnings results before the market opens on Tuesday, October 18th. Analysts expect Hanmi Financial Corp. to post earnings of $0.44 per share for the quarter.
Hanmi Financial Corp. (NASDAQ:HAFC) last released its earnings results on Tuesday, July 19th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Hanmi Financial Corp. had a net margin of 27.43% and a return on equity of 11.49%. During the same period in the prior year, the company earned $0.44 earnings per share. On average, analysts expect Hanmi Financial Corp. to post $1.79 EPS for the current fiscal year and $1.87 EPS for the next fiscal year.
Hanmi Financial Corp. (NASDAQ:HAFC) opened at 26.22 on Monday. The company has a 50-day moving average of $26.39 and a 200-day moving average of $24.19. The company has a market cap of $836.44 million, a P/E ratio of 14.65 and a beta of 1.07. Hanmi Financial Corp. has a 52-week low of $18.92 and a 52-week high of $28.09.
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In related news, Director Joon Hyung Lee sold 2,412 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $25.33, for a total transaction of $61,095.96. Following the transaction, the director now owns 270,285 shares in the company, valued at approximately $6,846,319.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.91% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Hanmi Financial Corp. by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,510,790 shares of the company’s stock worth $35,488,000 after buying an additional 75,653 shares during the last quarter. BlackRock Advisors LLC increased its position in Hanmi Financial Corp. by 5.8% in the second quarter. BlackRock Advisors LLC now owns 15,714 shares of the company’s stock worth $369,000 after buying an additional 858 shares during the last quarter. BlackRock Investment Management LLC increased its position in Hanmi Financial Corp. by 9.3% in the second quarter. BlackRock Investment Management LLC now owns 151,387 shares of the company’s stock worth $3,556,000 after buying an additional 12,916 shares during the last quarter. BlackRock Inc. increased its position in Hanmi Financial Corp. by 144.6% in the second quarter. BlackRock Inc. now owns 7,700 shares of the company’s stock worth $180,000 after buying an additional 4,552 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in Hanmi Financial Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 2,081,366 shares of the company’s stock worth $48,891,000 after buying an additional 53,973 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.
HAFC has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Hanmi Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Friday, July 22nd. Raymond James Financial Inc. raised shares of Hanmi Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Thursday, August 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $27.20.
About Hanmi Financial Corp.
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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