Hanmi Financial (NASDAQ:HAFC – Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49, Yahoo Finance reports. The company had revenue of $108.86 million during the quarter, compared to analyst estimates of $59.23 million. Hanmi Financial had a net margin of 15.84% and a return on equity of 9.66%. During the same quarter in the previous year, the business posted $0.62 EPS.
Hanmi Financial Trading Up 7.1 %
HAFC opened at $21.56 on Thursday. Hanmi Financial has a fifty-two week low of $13.87 and a fifty-two week high of $21.64. The firm has a market capitalization of $655.14 million, a PE ratio of 8.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50-day moving average is $19.26 and its 200 day moving average is $17.52.
Analyst Upgrades and Downgrades
Several research firms have weighed in on HAFC. Keefe, Bruyette & Woods raised shares of Hanmi Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $20.00 to $22.00 in a research note on Wednesday, October 2nd. Piper Sandler raised Hanmi Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $20.00 to $25.50 in a research report on Thursday. DA Davidson upped their price target on Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Wedbush reissued a “neutral” rating and issued a $21.00 price objective on shares of Hanmi Financial in a research note on Wednesday.
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.
Read More
- Five stocks we like better than Hanmi Financial
- Where Do I Find 52-Week Highs and Lows?
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- How to Invest in the FAANG Stocks
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
- EV Stocks and How to Profit from Them
- 3 Undervalued Technology Stocks With Big Rebound Potential
Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.
