Hanmi Financial (NASDAQ:HAFC) Earns Neutral Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of Hanmi Financial (NASDAQ:HAFC) in a research note released on Thursday,Benzinga reports. They currently have a $27.50 target price on the bank’s stock. DA Davidson also issued estimates for Hanmi Financial’s Q1 2025 earnings at $0.55 EPS.

Other research analysts have also recently issued reports about the stock. Janney Montgomery Scott raised shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research report on Friday, November 15th. Wedbush reissued a “neutral” rating and set a $21.00 target price on shares of Hanmi Financial in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $29.00 target price (up from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Finally, Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $20.00 to $25.50 in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Hanmi Financial has a consensus rating of “Hold” and an average target price of $25.75.

Hanmi Financial Trading Down 1.2 %

Shares of HAFC stock opened at $24.25 on Thursday. The stock has a market cap of $732.35 million, a price-to-earnings ratio of 11.83 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. Hanmi Financial has a fifty-two week low of $14.45 and a fifty-two week high of $27.59. The firm’s 50 day moving average price is $24.21 and its two-hundred day moving average price is $21.68.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.69%. On average, analysts anticipate that Hanmi Financial will post 2.28 EPS for the current year.

Hanmi Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th will be paid a dividend of $0.27 per share. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.08 annualized dividend and a yield of 4.45%. Hanmi Financial’s payout ratio is presently 48.78%.

Institutional Trading of Hanmi Financial

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Hanmi Financial by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock worth $15,552,000 after acquiring an additional 349,339 shares during the last quarter. Barclays PLC grew its position in shares of Hanmi Financial by 74.0% during the third quarter. Barclays PLC now owns 67,158 shares of the bank’s stock worth $1,248,000 after acquiring an additional 28,561 shares during the last quarter. Jane Street Group LLC grew its position in shares of Hanmi Financial by 24.7% during the third quarter. Jane Street Group LLC now owns 60,051 shares of the bank’s stock worth $1,117,000 after acquiring an additional 11,911 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Hanmi Financial during the second quarter worth about $534,000. Finally, Versant Capital Management Inc grew its position in shares of Hanmi Financial by 110.7% during the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after acquiring an additional 1,035 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.