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%.
TRADEMARK VIOLATION NOTICE: This report was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/26/hanmi-financial-corporation-hafc-posts-earnings-results-hits-expectations.html.
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.
Receive News & Ratings for Hanmi Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.