Analysts expect Hanmi Financial Corp (NASDAQ:HAFC) to post $0.54 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hanmi Financial’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.56. Hanmi Financial reported earnings of $0.45 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is expected to issue its next earnings results after the market closes on Tuesday, July 24th.
According to Zacks, analysts expect that Hanmi Financial will report full-year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.15. For the next financial year, analysts expect that the business will post earnings of $2.53 per share, with EPS estimates ranging from $2.30 to $2.69. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, April 24th. The bank reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.07). The company had revenue of $50.99 million during the quarter, compared to analyst estimates of $55.17 million. Hanmi Financial had a net margin of 22.44% and a return on equity of 10.67%. During the same period in the prior year, the firm earned $0.43 EPS.
Several brokerages recently commented on HAFC. ValuEngine lowered Hanmi Financial from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub lowered Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. FIG Partners raised Hanmi Financial from a “market-perform” rating to an “outperform” rating in a research note on Monday, May 21st. Finally, Raymond James decreased their price target on Hanmi Financial from $35.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Hanmi Financial currently has a consensus rating of “Hold” and an average price target of $32.50.
HAFC stock traded up $0.10 during trading on Friday, hitting $28.95. The company had a trading volume of 138,200 shares, compared to its average volume of 191,382. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $931.03 million, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.71 and a beta of 0.79. Hanmi Financial has a fifty-two week low of $25.45 and a fifty-two week high of $33.10.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Hanmi Financial by 4.1% in the fourth quarter. BlackRock Inc. now owns 4,253,574 shares of the bank’s stock worth $129,097,000 after purchasing an additional 169,321 shares in the last quarter. Rhumbline Advisers boosted its stake in Hanmi Financial by 15.9% in the fourth quarter. Rhumbline Advisers now owns 78,178 shares of the bank’s stock worth $2,373,000 after purchasing an additional 10,751 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Hanmi Financial by 4.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 828,835 shares of the bank’s stock worth $25,155,000 after purchasing an additional 36,485 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Hanmi Financial by 3.0% in the fourth quarter. TIAA CREF Investment Management LLC now owns 160,868 shares of the bank’s stock worth $4,882,000 after purchasing an additional 4,723 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in Hanmi Financial in the fourth quarter worth $476,000. 89.22% of the stock is currently owned by institutional investors.
Hanmi Financial Company Profile
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.
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