Hanmi Financial Corporation (HAFC) Releases Earnings Results, Meets Expectations

Hanmi Financial Corporation (NASDAQ:HAFC) announced its earnings results on Tuesday, October 17th. The bank reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46, RTT News reports. Hanmi Financial Corporation had a return on equity of 10.60% and a net margin of 24.54%. The firm had revenue of $53.74 million for the quarter, compared to analysts’ expectations of $53.30 million. During the same quarter in the previous year, the company earned $0.41 earnings per share.

Hanmi Financial Corporation (NASDAQ HAFC) traded up 0.97% during trading on Thursday, reaching $31.35. 93,481 shares of the company’s stock traded hands. Hanmi Financial Corporation has a 12 month low of $23.72 and a 12 month high of $35.85. The company has a market cap of $1.02 billion, a P/E ratio of 17.71 and a beta of 0.81. The firm’s 50 day moving average is $29.71 and its 200 day moving average is $28.58.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 30th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.84 annualized dividend and a yield of 2.68%. Hanmi Financial Corporation’s dividend payout ratio (DPR) is 46.93%.

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HAFC has been the topic of several recent analyst reports. ValuEngine raised Hanmi Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Keefe, Bruyette & Woods set a $28.00 price target on shares of Hanmi Financial Corporation and gave the stock a “hold” rating in a research report on Saturday, October 7th. Piper Jaffray Companies restated a “hold” rating and issued a $31.00 price target on shares of Hanmi Financial Corporation in a research report on Friday, October 6th. Finally, BidaskClub lowered shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.00.

Hanmi Financial Corporation Company Profile

Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.

Earnings History for Hanmi Financial Corporation (NASDAQ:HAFC)

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