Hanmi Financial (NASDAQ:HAFC) PT Lowered to $21.00

Hanmi Financial (NASDAQ:HAFC) had its target price reduced by Wedbush from $22.00 to $21.00 in a report published on Tuesday morning, Benzinga reports. Wedbush currently has a neutral rating on the bank’s stock. Wedbush also issued estimates for Hanmi Financial’s FY2026 earnings at $2.10 EPS.

Separately, DA Davidson boosted their target price on Hanmi Financial from $18.00 to $21.00 and gave the company a neutral rating in a research note on Wednesday, July 24th.

Hanmi Financial Stock Performance

NASDAQ:HAFC opened at $18.44 on Tuesday. The business has a 50 day moving average of $19.14 and a 200 day moving average of $16.95. The company has a market capitalization of $560.34 million, a price-to-earnings ratio of 7.68 and a beta of 0.88. Hanmi Financial has a 1-year low of $13.87 and a 1-year high of $20.92. 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 (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $106.72 million for the quarter, compared to analysts’ expectations of $59.07 million. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. During the same period in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts predict that Hanmi Financial will post 1.98 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 5th were paid a $0.25 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.00 annualized dividend and a yield of 5.42%. Hanmi Financial’s payout ratio is 41.67%.

Institutional Investors Weigh In On Hanmi Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAFC. Point72 Asia Singapore Pte. Ltd. grew its stake in Hanmi Financial by 47.0% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after purchasing an additional 1,207 shares during the period. PNC Financial Services Group Inc. grew its stake in Hanmi Financial by 90.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank’s stock worth $100,000 after purchasing an additional 2,441 shares during the period. EntryPoint Capital LLC grew its stake in Hanmi Financial by 278.4% in the first quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank’s stock worth $135,000 after purchasing an additional 6,242 shares during the period. Marshall Wace LLP purchased a new stake in Hanmi Financial in the second quarter worth $168,000. Finally, Entropy Technologies LP purchased a new stake in Hanmi Financial in the first quarter worth $171,000. 88.66% of the stock is owned by hedge funds and other institutional investors.

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.