Hanmi Financial (NASDAQ:HAFC) PT Lowered to $21.00

Hanmi Financial (NASDAQ:HAFC) had its target price decreased by Wedbush from $22.00 to $21.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Wedbush currently has a neutral rating on the bank’s stock. Wedbush also issued estimates for Hanmi Financial’s FY2026 earnings at $2.10 EPS.

Separately, DA Davidson lifted their price objective on Hanmi Financial from $18.00 to $21.00 and gave the stock a neutral rating in a report on Wednesday, July 24th.

Hanmi Financial Trading Up 1.5 %

Shares of Hanmi Financial stock opened at $18.44 on Tuesday. Hanmi Financial has a 1 year low of $13.87 and a 1 year high of $20.92. The firm has a market cap of $560.34 million, a PE ratio of 7.68 and a beta of 0.88. The stock has a fifty day moving average price of $19.14 and a 200-day moving average price of $16.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.00 and a quick ratio of 1.00.

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

Hanmi Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 5th were paid a $0.25 dividend. The ex-dividend date was Monday, August 5th. This represents a $1.00 annualized dividend and a yield of 5.42%. Hanmi Financial’s dividend payout ratio is currently 41.67%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. 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. boosted its stake in Hanmi Financial by 90.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank’s stock worth $100,000 after purchasing an additional 2,441 shares during the period. EntryPoint Capital LLC boosted its stake in Hanmi Financial by 278.4% in the 1st quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank’s stock worth $135,000 after purchasing an additional 6,242 shares during the period. Marshall Wace LLP bought a new position in Hanmi Financial in the 2nd quarter worth about $168,000. Finally, Entropy Technologies LP bought a new position in Hanmi Financial in the 1st quarter worth about $171,000. 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.