Brokerages forecast that Hanmi Financial Corp (NASDAQ:HAFC) will report $0.43 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Hanmi Financial’s earnings, with estimates ranging from $0.43 to $0.44. Hanmi Financial posted earnings per share of $0.46 in the same quarter last year, which would suggest a negative year over year growth rate of 6.5%. The business is expected to report its next earnings report on Tuesday, January 21st.

According to Zacks, analysts expect that Hanmi Financial will report full-year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.38 to $1.41. For the next year, analysts expect that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.67 to $1.76. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Hanmi Financial.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings data on Friday, October 4th. The bank reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $50.72 million for the quarter. Hanmi Financial had a return on equity of 7.77% and a net margin of 14.93%.

A number of analysts recently issued reports on the company. TheStreet lowered Hanmi Financial from a “b-” rating to a “c+” rating in a report on Monday, August 12th. DA Davidson lowered shares of Hanmi Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $27.00 to $21.50 in a report on Monday, August 12th. ValuEngine upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Zacks Investment Research raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Finally, BidaskClub lowered Hanmi Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $21.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in shares of Hanmi Financial by 1.2% in the third quarter. California State Teachers Retirement System now owns 47,207 shares of the bank’s stock valued at $887,000 after purchasing an additional 563 shares during the period. Barclays PLC increased its holdings in Hanmi Financial by 2.1% in the 3rd quarter. Barclays PLC now owns 35,715 shares of the bank’s stock worth $670,000 after buying an additional 728 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Hanmi Financial in the second quarter worth $34,000. Janney Capital Management LLC raised its holdings in shares of Hanmi Financial by 13.9% during the second quarter. Janney Capital Management LLC now owns 15,081 shares of the bank’s stock worth $336,000 after purchasing an additional 1,844 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Hanmi Financial by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 177,947 shares of the bank’s stock valued at $3,963,000 after purchasing an additional 2,286 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

HAFC stock traded up $0.27 during trading on Friday, hitting $19.81. The company had a trading volume of 4,716 shares, compared to its average volume of 165,507. Hanmi Financial has a 52-week low of $17.01 and a 52-week high of $24.09. The company has a 50 day simple moving average of $19.27 and a 200-day simple moving average of $19.89. The firm has a market capitalization of $610.76 million, a P/E ratio of 10.43 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Friday, November 1st. Hanmi Financial’s payout ratio is 50.53%.

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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