Hanmi Financial (NASDAQ:HAFC – Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49, Yahoo Finance reports. The business had revenue of $108.86 million during the quarter, compared to analyst estimates of $59.23 million. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. During the same quarter in the previous year, the firm posted $0.62 EPS.
Hanmi Financial Price Performance
NASDAQ HAFC opened at $21.56 on Thursday. The firm has a market capitalization of $655.14 million, a PE ratio of 8.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.00 and a quick ratio of 1.00. Hanmi Financial has a 12 month low of $13.87 and a 12 month high of $21.64. The company’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $17.52.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday. Wedbush reiterated a “neutral” rating and set a $21.00 price objective on shares of Hanmi Financial in a research report on Wednesday. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and raised their target price for the company from $20.00 to $25.50 in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised Hanmi Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $20.00 to $22.00 in a research note on Wednesday, October 2nd.
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.
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