Brokerages Expect Hanmi Financial Corp (NASDAQ:HAFC) to Announce $0.51 Earnings Per Share

Equities analysts expect Hanmi Financial Corp (NASDAQ:HAFC) to post earnings of $0.51 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Hanmi Financial’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.48. Hanmi Financial posted earnings per share of $0.48 in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The company is expected to report its next earnings report after the market closes on Tuesday, July 23rd.

According to Zacks, analysts expect that Hanmi Financial will report full-year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.00 to $2.15. For the next fiscal year, analysts anticipate that the business will report earnings of $2.27 per share, with EPS estimates ranging from $2.10 to $2.40. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Hanmi Financial.

HAFC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. BidaskClub upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a report on Saturday, June 29th. TheStreet lowered Hanmi Financial from a “b-” rating to a “c+” rating in a research note on Monday. ValuEngine upgraded Hanmi Financial from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, DA Davidson lowered Hanmi Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $27.00 to $21.50 in a research note on Monday. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $24.17.

Hanmi Financial stock traded down $0.38 during trading hours on Wednesday, reaching $18.31. The stock had a trading volume of 313 shares, compared to its average volume of 170,548. The company has a market capitalization of $614.23 million, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $21.35. Hanmi Financial has a 52 week low of $17.56 and a 52 week high of $26.92.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.24%. Hanmi Financial’s payout ratio is 50.53%.

In other news, Director Joseph K. Rho sold 21,204 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $22.79, for a total transaction of $483,239.16. Following the sale, the director now owns 300,839 shares in the company, valued at $6,856,120.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new stake in Hanmi Financial in the second quarter valued at approximately $34,000. BNP Paribas Arbitrage SA boosted its position in Hanmi Financial by 52,675.0% in the first quarter. BNP Paribas Arbitrage SA now owns 6,333 shares of the bank’s stock valued at $135,000 after buying an additional 6,321 shares during the last quarter. Anderson Fisher LLC purchased a new stake in Hanmi Financial in the first quarter valued at approximately $173,000. Stone Ridge Asset Management LLC purchased a new stake in Hanmi Financial in the second quarter valued at approximately $205,000. Finally, Acadian Asset Management LLC purchased a new stake in Hanmi Financial in the first quarter valued at approximately $255,000. Hedge funds and other institutional investors own 88.19% 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. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.

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Earnings History and Estimates for Hanmi Financial (NASDAQ:HAFC)

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