Brokers Issue Forecasts for Hanmi Financial FY2025 Earnings

Hanmi Financial Corporation (NASDAQ:HAFC) – Analysts at DA Davidson upped their FY2025 earnings estimates for shares of Hanmi Financial in a note issued to investors on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the bank will earn $2.33 per share for the year, up from their previous estimate of $2.32. DA Davidson has a “Neutral” rating and a $27.00 price objective on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.60 per share. DA Davidson also issued estimates for Hanmi Financial’s FY2026 earnings at $2.76 EPS.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). Hanmi Financial had a net margin of 15.11% and a return on equity of 8.77%. The business had revenue of $65.21 million for the quarter, compared to the consensus estimate of $65.70 million. During the same period last year, the firm posted $0.48 EPS.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods increased their price target on Hanmi Financial from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 23rd. Zacks Research upgraded shares of Hanmi Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Piper Sandler lowered their target price on shares of Hanmi Financial from $28.50 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.00.

Hanmi Financial Stock Up 0.3%

HAFC opened at $24.55 on Wednesday. The stock’s 50 day moving average price is $24.29 and its 200 day moving average price is $23.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market cap of $739.59 million, a P/E ratio of 11.42 and a beta of 0.71. Hanmi Financial has a 12 month low of $18.19 and a 12 month high of $27.59.

Institutional Investors Weigh In On Hanmi Financial

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its position in shares of Hanmi Financial by 1.9% during the first quarter. SG Americas Securities LLC now owns 25,406 shares of the bank’s stock worth $576,000 after purchasing an additional 480 shares during the period. Pallas Capital Advisors LLC raised its holdings in Hanmi Financial by 4.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 12,957 shares of the bank’s stock worth $320,000 after buying an additional 504 shares during the period. Nisa Investment Advisors LLC lifted its stake in Hanmi Financial by 15.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the bank’s stock valued at $100,000 after buying an additional 531 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Hanmi Financial by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 47,211 shares of the bank’s stock worth $1,070,000 after buying an additional 599 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Hanmi Financial by 1.7% in the second quarter. Cerity Partners LLC now owns 36,771 shares of the bank’s stock worth $908,000 after acquiring an additional 632 shares in the last quarter. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Monday, August 4th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.08 annualized dividend and a dividend yield of 4.4%. Hanmi Financial’s dividend payout ratio is currently 50.23%.

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.