Hanmi Financial Co. (NASDAQ:HAFC) to Post FY2024 Earnings of $1.94 Per Share, DA Davidson Forecasts

Hanmi Financial Co. (NASDAQ:HAFC) – Stock analysts at DA Davidson lowered their FY2024 earnings per share estimates for shares of Hanmi Financial in a research note issued to investors on Thursday, April 25th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $1.94 for the year, down from their prior forecast of $2.27. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.03 per share.

HAFC has been the topic of a number of other research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $18.00 price objective (down previously from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th. Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of Hanmi Financial in a research note on Wednesday, April 24th.

Hanmi Financial Price Performance

Hanmi Financial stock opened at $15.82 on Monday. The stock’s fifty day moving average price is $15.24 and its two-hundred day moving average price is $16.44. Hanmi Financial has a one year low of $13.35 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 1.00. The firm has a market cap of $478.97 million, a PE ratio of 6.59 and a beta of 0.95.

Hedge Funds Weigh In On Hanmi Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in Hanmi Financial by 151.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 443,539 shares of the bank’s stock worth $7,061,000 after acquiring an additional 266,949 shares during the last quarter. Hsbc Holdings PLC grew its position in Hanmi Financial by 2,264.9% during the 4th quarter. Hsbc Holdings PLC now owns 238,448 shares of the bank’s stock worth $4,671,000 after acquiring an additional 228,365 shares during the last quarter. AQR Capital Management LLC grew its position in Hanmi Financial by 59.9% during the 3rd quarter. AQR Capital Management LLC now owns 388,875 shares of the bank’s stock worth $6,311,000 after acquiring an additional 145,703 shares during the last quarter. American Century Companies Inc. grew its position in Hanmi Financial by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock worth $5,825,000 after acquiring an additional 35,104 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in Hanmi Financial by 148.3% during the 3rd quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank’s stock worth $861,000 after acquiring an additional 31,682 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Hanmi Financial Announces Dividend

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

Hanmi Financial Company Profile

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.