Hanmi Financial Co. (HAFC) To Go Ex-Dividend on August 5th

Hanmi Financial Co. (NASDAQ:HAFC) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Monday, August 5th will be given a dividend of 0.25 per share by the bank on Wednesday, August 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend is Monday, August 5th.

Hanmi Financial has increased its dividend payment by an average of 24.4% annually over the last three years. Hanmi Financial has a payout ratio of 46.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hanmi Financial to earn $2.12 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 47.2%.

Hanmi Financial Price Performance

HAFC opened at $18.86 on Friday. The stock has a 50-day moving average price of $16.97 and a 200-day moving average price of $16.17. Hanmi Financial has a 12-month low of $13.87 and a 12-month high of $20.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $573.16 million, a P/E ratio of 7.86 and a beta of 0.90.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. The firm had revenue of $106.72 million during the quarter, compared to analysts’ expectations of $59.07 million. During the same period in the prior year, the business earned $0.67 EPS. Equities analysts predict that Hanmi Financial will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HAFC shares. DA Davidson increased their target price on Hanmi Financial from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $18.00 target price (down from $18.50) on shares of Hanmi Financial in a report on Wednesday, April 24th. Finally, Wedbush increased their target price on Hanmi Financial from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th.

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.