Hanmi Financial (NASDAQ:HAFC) Receives Neutral Rating from Wedbush

Wedbush reiterated their neutral rating on shares of Hanmi Financial (NASDAQ:HAFC) in a report published on Wednesday, Benzinga reports. The brokerage currently has a $17.00 target price on the bank’s stock. Wedbush also issued estimates for Hanmi Financial’s Q2 2024 earnings at $0.55 EPS, Q3 2024 earnings at $0.59 EPS, Q4 2024 earnings at $0.57 EPS and Q1 2025 earnings at $0.55 EPS.

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Hanmi Financial from $20.00 to $18.50 and set a market perform rating for the company in a research report on Wednesday, January 24th.

Hanmi Financial Stock Performance

Shares of HAFC opened at $15.82 on Wednesday. The firm has a 50-day moving average price of $15.24 and a 200 day moving average price of $16.44. The firm has a market capitalization of $479.03 million, a PE ratio of 6.59 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.43. Hanmi Financial has a 52-week low of $13.35 and a 52-week high of $20.31.

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.00 annualized dividend and a dividend yield of 6.32%. Hanmi Financial’s dividend payout ratio (DPR) is 41.67%.

Hedge Funds Weigh In On Hanmi Financial

Several large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its position in shares of Hanmi Financial by 151.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 443,539 shares of the bank’s stock valued at $7,061,000 after purchasing an additional 266,949 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Hanmi Financial by 10.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,559 shares of the bank’s stock valued at $280,000 after purchasing an additional 1,730 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Hanmi Financial by 18.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 19,330 shares of the bank’s stock valued at $308,000 after purchasing an additional 3,030 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Hanmi Financial by 90.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank’s stock valued at $100,000 after purchasing an additional 2,441 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of Hanmi Financial by 48.4% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 40,743 shares of the bank’s stock valued at $790,000 after purchasing an additional 13,297 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.