Wall Street brokerages expect Hanmi Financial Corp (NASDAQ:HAFC) to report sales of $55.17 million for the current quarter, Zacks reports. Three analysts have made estimates for Hanmi Financial’s earnings, with the highest sales estimate coming in at $55.30 million and the lowest estimate coming in at $55.10 million. Hanmi Financial reported sales of $49.57 million in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The company is scheduled to announce its next earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Hanmi Financial will report full-year sales of $55.17 million for the current fiscal year, with estimates ranging from $229.70 million to $233.40 million. For the next fiscal year, analysts expect that the company will report sales of $253.23 million per share, with estimates ranging from $250.50 million to $257.10 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. Hanmi Financial had a net margin of 22.52% and a return on equity of 10.59%. The firm had revenue of $54.03 million during the quarter, compared to analysts’ expectations of $54.53 million.
Hanmi Financial (NASDAQ HAFC) opened at $31.65 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.01. Hanmi Financial has a 1 year low of $25.45 and a 1 year high of $34.55. The company has a market cap of $1,032.95, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.72 and a beta of 0.64.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, February 2nd. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.21. Hanmi Financial’s dividend payout ratio (DPR) is currently 49.41%.
In other Hanmi Financial news, Director John J. Ahn purchased 3,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was bought at an average price of $31.56 per share, with a total value of $94,680.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.91% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Hanmi Financial by 0.6% during the 2nd quarter. BlackRock Inc. now owns 4,007,958 shares of the bank’s stock worth $114,026,000 after purchasing an additional 24,016 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hanmi Financial by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,019,495 shares of the bank’s stock worth $62,503,000 after purchasing an additional 10,659 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Hanmi Financial by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,699,379 shares of the bank’s stock worth $48,348,000 after purchasing an additional 37,465 shares during the last quarter. FMR LLC lifted its position in shares of Hanmi Financial by 16.7% during the 2nd quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock worth $44,855,000 after purchasing an additional 226,110 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Hanmi Financial by 2.7% during the 2nd quarter. State Street Corp now owns 1,041,986 shares of the bank’s stock worth $29,643,000 after purchasing an additional 27,444 shares during the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.
About Hanmi Financial
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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