What is Wedbush’s Forecast for Hanmi Financial Q4 Earnings?

Hanmi Financial Co. (NASDAQ:HAFC) – Analysts at Wedbush increased their Q4 2024 earnings estimates for Hanmi Financial in a report issued on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $0.53 per share for the quarter, up from their previous forecast of $0.52. Wedbush has a “Neutral” rating and a $21.00 price target on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $1.97 per share. Wedbush also issued estimates for Hanmi Financial’s Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.52 EPS and Q4 2025 earnings at $0.52 EPS.

HAFC has been the subject of several other research reports. DA Davidson upped their price target on Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday. Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and raised their price target for the company from $20.00 to $25.50 in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised shares of Hanmi Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $20.00 to $22.00 in a research report on Wednesday, October 2nd.

Hanmi Financial Trading Up 6.9 %

NASDAQ HAFC opened at $23.04 on Friday. Hanmi Financial has a 52 week low of $13.87 and a 52 week high of $23.14. The business has a 50 day moving average price of $19.35 and a 200-day moving average price of $17.56. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.60. The company has a market cap of $700.12 million, a price-to-earnings ratio of 9.60 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. The firm had revenue of $108.86 million for the quarter, compared to analysts’ expectations of $59.23 million. During the same period in the prior year, the business earned $0.62 EPS.

Hedge Funds Weigh In On Hanmi Financial

A number of large investors have recently made changes to their positions in HAFC. Point72 Asia Singapore Pte. Ltd. boosted its stake in Hanmi Financial by 47.0% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after purchasing an additional 1,207 shares during the period. PNC Financial Services Group Inc. grew its stake in Hanmi Financial by 90.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank’s stock valued at $100,000 after acquiring an additional 2,441 shares in the last quarter. EntryPoint Capital LLC increased its holdings in Hanmi Financial by 278.4% during the 1st quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank’s stock worth $135,000 after acquiring an additional 6,242 shares during the period. Marshall Wace LLP purchased a new stake in Hanmi Financial in the 2nd quarter worth approximately $168,000. Finally, Entropy Technologies LP bought a new position in Hanmi Financial in the 1st quarter valued at $171,000. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, November 4th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.34%. Hanmi Financial’s dividend payout ratio is 41.67%.

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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.