Analysts predict that Hanmi Financial Corporation (NASDAQ:HAFC) will announce sales of $53.18 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hanmi Financial Corporation’s earnings. The lowest sales estimate is $52.82 million and the highest is $53.80 million. Hanmi Financial Corporation posted sales of $48.26 million in the same quarter last year, which suggests a positive year over year growth rate of 10.2%. The company is scheduled to report its next earnings report on Tuesday, October 17th.

On average, analysts expect that Hanmi Financial Corporation will report full year sales of $53.18 million for the current financial year, with estimates ranging from $206.87 million to $212.70 million. For the next fiscal year, analysts forecast that the business will post sales of $233.29 million per share, with estimates ranging from $230.86 million to $238.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Hanmi Financial Corporation.

Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $52.88 million for the quarter, compared to the consensus estimate of $50.85 million. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. During the same period in the previous year, the firm posted $0.44 EPS.

HAFC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Hanmi Financial Corporation in a report on Thursday, April 20th. FBR & Co reiterated an “outperform” rating and issued a $34.00 target price (down from $39.00) on shares of Hanmi Financial Corporation in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $31.00 target price on shares of Hanmi Financial Corporation in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hanmi Financial Corporation presently has an average rating of “Hold” and an average price target of $32.00.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, July 28th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, July 26th. Hanmi Financial Corporation’s dividend payout ratio is 48.28%.

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A number of large investors have recently added to or reduced their stakes in HAFC. Alps Advisors Inc. boosted its stake in Hanmi Financial Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,081 shares of the bank’s stock valued at $429,000 after buying an additional 39 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Hanmi Financial Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 3,570 shares of the bank’s stock valued at $109,000 after buying an additional 80 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Hanmi Financial Corporation by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the bank’s stock valued at $406,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund boosted its stake in Hanmi Financial Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 23,655 shares of the bank’s stock valued at $673,000 after buying an additional 250 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Hanmi Financial Corporation by 1.8% in the first quarter. Arizona State Retirement System now owns 16,866 shares of the bank’s stock valued at $519,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 88.22% of the company’s stock.

Hanmi Financial Corporation Company Profile

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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Earnings History and Estimates for Hanmi Financial Corporation (NASDAQ:HAFC)

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