Hanmi Financial Corporation (NASDAQ:HAFC) has received a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.00.
Several equities research analysts recently weighed in on the company. BidaskClub lowered Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research lowered Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. ValuEngine lowered Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday. Piper Jaffray Companies reissued a “hold” rating and issued a $31.00 price objective on shares of Hanmi Financial Corporation in a report on Friday, October 6th. Finally, Keefe, Bruyette & Woods set a $28.00 price objective on Hanmi Financial Corporation and gave the stock a “hold” rating in a report on Saturday, October 7th.
Hedge funds have recently bought and sold shares of the business. CIBC World Markets Inc. purchased a new position in Hanmi Financial Corporation during the 2nd quarter valued at about $1,211,000. Teachers Advisors LLC grew its holdings in Hanmi Financial Corporation by 10.1% during the 2nd quarter. Teachers Advisors LLC now owns 64,084 shares of the bank’s stock valued at $1,823,000 after buying an additional 5,885 shares in the last quarter. Vanguard Group Inc. grew its holdings in Hanmi Financial Corporation by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,661,914 shares of the bank’s stock valued at $51,104,000 after buying an additional 83,123 shares in the last quarter. Bank of America Corp DE grew its holdings in Hanmi Financial Corporation by 81.4% during the 1st quarter. Bank of America Corp DE now owns 55,523 shares of the bank’s stock valued at $1,707,000 after buying an additional 24,912 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in Hanmi Financial Corporation during the 2nd quarter valued at about $519,000. 88.49% of the stock is owned by institutional investors and hedge funds.
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Hanmi Financial Corporation (HAFC) remained flat at $$28.90 during midday trading on Friday. The company’s stock had a trading volume of 135,700 shares, compared to its average volume of 121,565. The company has a market capitalization of $936.62, a P/E ratio of 16.06, a PEG ratio of 2.00 and a beta of 0.79. Hanmi Financial Corporation has a 1-year low of $25.45 and a 1-year high of $35.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.00.
Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, October 17th. The bank reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Hanmi Financial Corporation had a return on equity of 10.60% and a net margin of 24.54%. The company had revenue of $53.74 million during the quarter, compared to analyst estimates of $53.30 million. During the same quarter last year, the firm posted $0.41 EPS. sell-side analysts expect that Hanmi Financial Corporation will post 1.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, October 27th. Hanmi Financial Corporation’s dividend payout ratio (DPR) is currently 46.93%.
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.
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