FY2025 EPS Estimates for Hanmi Financial Reduced by Analyst

Hanmi Financial Co. (NASDAQ:HAFC) – Stock analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of Hanmi Financial in a report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $2.38 per share for the year, down from their previous estimate of $2.39. DA Davidson currently has a “Neutral” rating and a $27.50 target price 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 FY2025 earnings at $2.38 EPS.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%.

Hanmi Financial Stock Performance

Shares of HAFC stock opened at $20.99 on Friday. The stock’s 50-day moving average price is $23.26 and its 200 day moving average price is $22.97. Hanmi Financial has a 52-week low of $14.45 and a 52-week high of $27.59. The stock has a market capitalization of $633.81 million, a PE ratio of 10.24 and a beta of 0.87. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

Hanmi Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.15%. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, February 10th. Hanmi Financial’s dividend payout ratio (DPR) is 52.68%.

Institutional Trading of Hanmi Financial

Several hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Hanmi Financial by 17.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,154 shares of the bank’s stock worth $523,000 after purchasing an additional 3,367 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hanmi Financial during the fourth quarter worth $3,108,000. Point72 Asset Management L.P. boosted its position in shares of Hanmi Financial by 6.6% during the 4th quarter. Point72 Asset Management L.P. now owns 8,527 shares of the bank’s stock worth $201,000 after purchasing an additional 527 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Hanmi Financial during the 4th quarter worth $214,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hanmi Financial by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,112 shares of the bank’s stock valued at $404,000 after purchasing an additional 547 shares during the period. Institutional investors and hedge funds own 88.66% 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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.