Q4 Earnings Forecast for Hanmi Financial Issued By Wedbush

Hanmi Financial Co. (NASDAQ:HAFC) – Research analysts at Wedbush boosted their Q4 2024 earnings per share (EPS) estimates for shares of Hanmi Financial in a report released on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now forecasts that the bank will earn $0.53 per share for the quarter, up from their previous estimate of $0.52. Wedbush currently has a “Neutral” rating and a $21.00 target price on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $1.97 per share. Wedbush also issued estimates for Hanmi Financial’s Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.52 EPS and Q4 2025 earnings at $0.52 EPS.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Hanmi Financial had a net margin of 15.84% and a return on equity of 9.66%. The firm had revenue of $108.86 million for the quarter, compared to the consensus estimate of $59.23 million. During the same period last year, the firm posted $0.62 earnings per share.

Other research analysts also recently issued research reports about the company. DA Davidson lifted their price objective on Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $20.00 to $25.50 in a research report on Thursday. Finally, Keefe, Bruyette & Woods upgraded shares of Hanmi Financial from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $20.00 to $22.00 in a report on Wednesday, October 2nd.

Hanmi Financial Stock Performance

Hanmi Financial stock opened at $23.04 on Friday. The firm has a fifty day simple moving average of $19.35 and a two-hundred day simple moving average of $17.56. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.60. Hanmi Financial has a twelve month low of $13.87 and a twelve month high of $23.14. The company has a market capitalization of $700.12 million, a PE ratio of 9.60 and a beta of 0.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Hanmi Financial by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,255,191 shares of the bank’s stock worth $35,903,000 after purchasing an additional 58,097 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Hanmi Financial by 32.2% during the second quarter. AQR Capital Management LLC now owns 1,072,772 shares of the bank’s stock valued at $17,937,000 after purchasing an additional 261,545 shares in the last quarter. American Century Companies Inc. increased its holdings in Hanmi Financial by 16.5% in the 2nd quarter. American Century Companies Inc. now owns 578,155 shares of the bank’s stock worth $9,667,000 after buying an additional 82,087 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Hanmi Financial by 71.8% in the 2nd quarter. Acadian Asset Management LLC now owns 482,698 shares of the bank’s stock worth $8,070,000 after buying an additional 201,789 shares in the last quarter. Finally, Stieven Capital Advisors L.P. raised its position in Hanmi Financial by 19.2% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 473,553 shares of the bank’s stock worth $7,918,000 after buying an additional 76,198 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Hanmi Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, November 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Monday, November 4th. Hanmi Financial’s payout ratio is 41.67%.

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.