Hanmi Financial (NASDAQ:HAFC) Shares Gap Up Following Dividend Announcement

Hanmi Financial Corporation (NASDAQ:HAFC)’s share price gapped up before the market opened on Friday after the company announced a dividend. The stock had previously closed at $24.77, but opened at $26.39. Hanmi Financial shares last traded at $26.66, with a volume of 5,190 shares.

The newly announced dividend which will be paid on Wednesday, February 25th. Investors of record on Monday, February 9th will be paid a dividend of $0.28 per share. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, February 9th. Hanmi Financial’s dividend payout ratio is 43.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. DA Davidson reiterated a “neutral” rating and set a $29.50 price target on shares of Hanmi Financial in a research report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Hanmi Financial in a research report on Monday, December 29th. Wall Street Zen lowered Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Keefe, Bruyette & Woods raised their price target on shares of Hanmi Financial from $29.00 to $30.50 and gave the company a “market perform” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research lowered Hanmi Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.33.

Hanmi Financial Price Performance

The company has a market capitalization of $794.12 million, a price-to-earnings ratio of 10.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.97. The stock has a fifty day simple moving average of $28.07 and a 200-day simple moving average of $26.03.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). The company had revenue of $134.06 million for the quarter, compared to analysts’ expectations of $71.40 million. Hanmi Financial had a net margin of 17.10% and a return on equity of 9.85%. On average, equities research analysts anticipate that Hanmi Financial Corporation will post 2.6 EPS for the current year.

Key Stories Impacting Hanmi Financial

Here are the key news stories impacting Hanmi Financial this week:

• Positive Sentiment: Board raised the quarterly cash dividend to $0.28 per share (≈4% increase) and expanded share repurchase authorization, boosting cash return policy and supporting shareholder yield (annualized yield ~4.2%, ex-dividend Feb 9). This is a clear catalyst for investor demand. Hanmi Financial Increases Cash Dividend 4% to $0.28 per share and Expands Repurchase Authorization Hanmi Financial boosts dividend and expands share repurchases
• Neutral Sentiment: DA Davidson reaffirmed a “Neutral” rating and set a $29.50 price target (about ~11% above the recent price). That keeps analyst sentiment cautious but indicates upside potential if operations stabilize. Hanmi Financial’s (HAFC) Neutral Rating Reaffirmed at DA Davidson
• Neutral Sentiment: Research coverage highlights a mixed setup: Zacks pieces argue HAFC may be undervalued and technically oversold, and that analyst estimate revisions could support a trend reversal — these are potential positives but not immediate catalysts. Is Hanmi Financial (HAFC) Stock Undervalued Right Now? After Plunging 8.4% in 4 Weeks, Here’s Why the Trend Might Reverse for Hanmi Financial (HAFC)
• Negative Sentiment: Shares plunged earlier after quarterly results disappointed market expectations — GAAP EPS of $0.70 missed the consensus ~$0.71 (by $0.01) and the market reacted negatively despite a revenue beat. The earnings miss and associated guidance/market reaction are the main near-term downside driver. Hanmi Financial (NASDAQ:HAFC) Shares Down 10.9% Following Weak Earnings

Institutional Investors Weigh In On Hanmi Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG raised its position in shares of Hanmi Financial by 8.7% during the 4th quarter. UBS Group AG now owns 128,112 shares of the bank’s stock valued at $3,463,000 after buying an additional 10,220 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hanmi Financial by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,201,736 shares of the bank’s stock valued at $59,513,000 after purchasing an additional 45,511 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Hanmi Financial by 5.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 119,408 shares of the bank’s stock worth $3,229,000 after acquiring an additional 5,959 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hanmi Financial by 12.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,577 shares of the bank’s stock valued at $583,000 after purchasing an additional 2,436 shares in the last quarter. Finally, CWM LLC raised its holdings in Hanmi Financial by 3.6% in the fourth quarter. CWM LLC now owns 44,197 shares of the bank’s stock valued at $1,195,000 after acquiring an additional 1,552 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

About Hanmi Financial

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.