Hanmi Financial Co. Forecasted to Earn Q2 2024 Earnings of $0.52 Per Share (NASDAQ:HAFC)

Hanmi Financial Co. (NASDAQ:HAFC) – Wedbush dropped their Q2 2024 EPS estimates for Hanmi Financial in a report released on Thursday, May 2nd. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.52 for the quarter, down from their prior forecast of $0.55. Wedbush currently has a “Neutral” rating and a $17.00 price target on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.02 per share. Wedbush also issued estimates for Hanmi Financial’s Q3 2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.51 EPS and FY2025 earnings at $2.20 EPS.

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

Hanmi Financial Stock Up 1.1 %

NASDAQ HAFC opened at $15.97 on Monday. The stock has a market capitalization of $483.57 million, a P/E ratio of 6.65 and a beta of 0.93. Hanmi Financial has a 52 week low of $13.64 and a 52 week high of $20.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average of $15.30 and a 200-day moving average of $16.44.

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s dividend payout ratio is currently 41.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in Hanmi Financial in the 3rd quarter valued at $30,000. GAMMA Investing LLC bought a new stake in shares of Hanmi Financial during the 4th quarter worth about $30,000. Meeder Asset Management Inc. bought a new position in Hanmi Financial in the 4th quarter valued at about $37,000. Simplex Trading LLC lifted its holdings in Hanmi Financial by 1,406.7% during the 4th quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock worth $39,000 after purchasing an additional 1,899 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Hanmi Financial by 291.6% in the fourth quarter. CWM LLC now owns 2,232 shares of the bank’s stock valued at $43,000 after acquiring an additional 1,662 shares during the period. Institutional investors own 88.66% of the company’s stock.

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.