Hanmi Financial Co. to Post FY2024 Earnings of $2.15 Per Share, Wedbush Forecasts (NASDAQ:HAFC)

Hanmi Financial Co. (NASDAQ:HAFC) – Stock analysts at Wedbush reduced their FY2024 earnings per share estimates for shares of Hanmi Financial in a research report issued on Thursday, May 2nd. Wedbush analyst D. Chiaverini now forecasts that the bank will earn $2.15 per share for the year, down from their prior estimate of $2.20. Wedbush currently has a “Neutral” rating and a $17.00 target price on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.03 per share. Wedbush also issued estimates for Hanmi Financial’s Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.57 EPS.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price objective (down from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th.

Hanmi Financial Trading Down 0.6 %

NASDAQ:HAFC opened at $15.80 on Friday. The stock has a fifty day simple moving average of $15.28 and a 200 day simple moving average of $16.42. The firm has a market capitalization of $478.42 million, a price-to-earnings ratio of 6.58 and a beta of 0.93. Hanmi Financial has a 1-year low of $13.35 and a 1-year high of $20.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its stake 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 valued at $7,061,000 after acquiring an additional 266,949 shares in the last quarter. Hsbc Holdings PLC grew its position in Hanmi Financial by 2,264.9% during the fourth quarter. Hsbc Holdings PLC now owns 238,448 shares of the bank’s stock valued at $4,671,000 after purchasing an additional 228,365 shares in the last quarter. AQR Capital Management LLC increased its stake in Hanmi Financial by 59.9% in the 3rd quarter. AQR Capital Management LLC now owns 388,875 shares of the bank’s stock valued at $6,311,000 after buying an additional 145,703 shares during the period. BNP Paribas Financial Markets lifted its position in Hanmi Financial by 113.5% in the 1st quarter. BNP Paribas Financial Markets now owns 82,130 shares of the bank’s stock worth $1,308,000 after buying an additional 43,662 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Hanmi Financial by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock valued at $5,825,000 after buying an additional 35,104 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.

Hanmi Financial Dividend Announcement

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 issued a dividend of $0.25 per share. The ex-dividend date is Friday, May 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.33%. Hanmi Financial’s dividend payout ratio is 41.67%.

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.