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Brokers Set Expectations for Hanmi Financial Co.’s Q2 2022 Earnings (NASDAQ:HAFC)


Hanmi Financial Co. (NASDAQ:HAFCGet Rating) – DA Davidson reduced their Q2 2022 earnings estimates for shares of Hanmi Financial in a research note issued on Thursday, May 19th. DA Davidson analyst G. Tenner now anticipates that the bank will earn $0.66 per share for the quarter, down from their prior forecast of $0.67. DA Davidson currently has a “Neutral” rating and a $25.00 target price on the stock. DA Davidson also issued estimates for Hanmi Financial’s FY2023 earnings at $2.75 EPS.

Several other equities research analysts also recently weighed in on HAFC. StockNews.com initiated coverage on Hanmi Financial in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Jonestrading raised their price objective on Hanmi Financial from $24.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 26th. Finally, Zacks Investment Research upgraded Hanmi Financial from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, January 27th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $28.00.

Shares of NASDAQ HAFC opened at $21.71 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 0.96. The business’s 50 day moving average price is $24.16 and its 200-day moving average price is $24.49. Hanmi Financial has a fifty-two week low of $16.67 and a fifty-two week high of $28.84. The company has a market cap of $661.50 million, a price-to-earnings ratio of 6.48 and a beta of 1.07.

Hanmi Financial (NASDAQ:HAFCGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $59.48 million during the quarter, compared to analyst estimates of $57.23 million. Hanmi Financial had a return on equity of 16.52% and a net margin of 39.39%. During the same period last year, the company earned $0.55 EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. acquired a new stake in shares of Hanmi Financial in the 4th quarter worth $26,000. Lazard Asset Management LLC acquired a new stake in shares of Hanmi Financial in the 4th quarter worth $29,000. Captrust Financial Advisors lifted its position in Hanmi Financial by 64.7% during the 1st quarter. Captrust Financial Advisors now owns 4,632 shares of the bank’s stock worth $114,000 after acquiring an additional 1,819 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Hanmi Financial by 7,011.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,187 shares of the bank’s stock worth $124,000 after acquiring an additional 6,100 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its position in Hanmi Financial by 8.0% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,584 shares of the bank’s stock worth $152,000 after acquiring an additional 565 shares during the period. 87.05% of the stock is currently owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Monday, May 9th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, May 6th. This represents a $0.88 annualized dividend and a yield of 4.05%. Hanmi Financial’s dividend payout ratio (DPR) is presently 26.27%.

About Hanmi Financial (Get Rating)

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.

Further Reading

Earnings History and Estimates for Hanmi Financial (NASDAQ:HAFC)



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