Q2 2024 EPS Estimates for Hanmi Financial Co. (NASDAQ:HAFC) Reduced by Wedbush

Hanmi Financial Co. (NASDAQ:HAFC) – Stock analysts at Wedbush cut their Q2 2024 earnings per share estimates for shares of Hanmi Financial in a research report issued to clients and investors on Thursday, May 2nd. Wedbush analyst D. Chiaverini now expects that the bank will post earnings of $0.52 per share for the quarter, down from their previous estimate of $0.55. Wedbush has a “Neutral” rating and a $17.00 price objective on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $2.02 per share. Wedbush also issued estimates for Hanmi Financial’s Q3 2024 earnings at $0.56 EPS, Q1 2025 earnings at $0.51 EPS and FY2025 earnings at $2.20 EPS.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 target price (down from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th.

Hanmi Financial Stock Performance

Hanmi Financial stock opened at $15.98 on Monday. Hanmi Financial has a 12-month low of $13.64 and a 12-month high of $20.31. The stock has a 50-day simple moving average of $15.31 and a 200 day simple moving average of $16.44. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $483.87 million, a price-to-earnings ratio of 6.66 and a beta of 0.93.

Hedge Funds Weigh In On Hanmi Financial

Institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new position in Hanmi Financial during the third quarter worth about $30,000. GAMMA Investing LLC bought a new position in shares of Hanmi Financial during the 4th quarter valued at about $30,000. Meeder Asset Management Inc. acquired a new position in shares of Hanmi Financial in the 4th quarter valued at approximately $37,000. Simplex Trading LLC grew its position in shares of Hanmi Financial by 1,406.7% in the 4th quarter. Simplex Trading LLC now owns 2,034 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,899 shares during the period. Finally, CWM LLC increased its stake in Hanmi Financial by 291.6% during the 4th quarter. CWM LLC now owns 2,232 shares of the bank’s stock worth $43,000 after purchasing an additional 1,662 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, May 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s dividend payout ratio is presently 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.