Hanmi Financial (NASDAQ:HAFC) Shares Gap Up After Dividend Announcement

Hanmi Financial Corporation (NASDAQ:HAFC) shares gapped up prior to trading on Friday following a dividend announcement from the company. The stock had previously closed at $24.77, but opened at $26.39. Hanmi Financial shares last traded at $26.66, with a volume of 5,190 shares.

The newly announced dividend which will be paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.27. Hanmi Financial’s payout ratio is currently 43.03%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HAFC. Wall Street Zen lowered shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Keefe, Bruyette & Woods upped their target price on shares of Hanmi Financial from $29.00 to $30.50 and gave the stock a “market perform” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Hanmi Financial in a report on Monday, December 29th. Zacks Research downgraded shares of Hanmi Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $29.50 price target on shares of Hanmi Financial in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.33.

Hanmi Financial Stock Performance

The business has a 50-day simple moving average of $28.06 and a two-hundred day simple moving average of $26.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.97. The stock has a market cap of $795.77 million, a price-to-earnings ratio of 10.59 and a beta of 0.72.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The business had revenue of $134.06 million for the quarter, compared to analyst estimates of $71.40 million. Hanmi Financial had a return on equity of 9.85% and a net margin of 17.10%. Equities analysts forecast that Hanmi Financial Corporation will post 2.6 EPS for the current fiscal year.

Hanmi Financial News Roundup

Here are the key news stories impacting Hanmi Financial this week:

• Positive Sentiment: Board raises quarterly cash dividend and expands repurchase authorization — Hanmi increased its quarterly dividend to $0.28 (about a 3.7–4% raise vs. prior), announced an expanded share repurchase program and set an ex‑dividend date of Feb. 9, giving a roughly 4.2% yield. These capital-return moves can support the stock and signal management confidence. Dividend & Repurchase Article
• Neutral Sentiment: DA Davidson reaffirms a “Neutral” rating with a $29.50 price target — the call keeps analyst sentiment unchanged but implies ~11% upside from the current price, so it’s not a catalyst for an upgrade-driven rally. DA Davidson Article
• Neutral Sentiment: Zacks coverage highlights valuation/technical setup — Zacks argues HAFC may be undervalued and technically oversold, suggesting the recent decline could set up a rebound if earnings estimates hold or improve. This is a watch-item for value/technical traders rather than immediate fundamental change. Zacks Valuation Article
• Negative Sentiment: Shares fell after weaker-than-expected quarterly results — Hanmi reported EPS slightly below consensus and the stock dropped sharply (reports cite a ~10.9% move down) as investors reacted to the earnings miss and near-term profitability guidance/metrics. This is the primary driver of today’s negative price action. Earnings Reaction Article

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HAFC. AlphaQuest LLC lifted its stake in shares of Hanmi Financial by 201.7% in the third quarter. AlphaQuest LLC now owns 1,792 shares of the bank’s stock worth $44,000 after acquiring an additional 1,198 shares during the period. EverSource Wealth Advisors LLC grew its stake in Hanmi Financial by 343.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock worth $56,000 after purchasing an additional 1,764 shares during the period. Tower Research Capital LLC TRC increased its holdings in Hanmi Financial by 148.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock worth $60,000 after purchasing an additional 1,442 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Hanmi Financial by 15.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the bank’s stock worth $100,000 after purchasing an additional 531 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of Hanmi Financial by 397.2% during the 3rd quarter. Quantbot Technologies LP now owns 8,597 shares of the bank’s stock worth $212,000 after buying an additional 6,868 shares in the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.

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.