Hanmi Financial Corp (NASDAQ:HAFC) – Stock analysts at FIG Partners cut their Q1 2017 EPS estimates for Hanmi Financial Corp in a research note issued to investors on Tuesday. FIG Partners analyst T. Coffey now forecasts that the brokerage will earn $0.46 per share for the quarter, down from their previous forecast of $0.47. FIG Partners also issued estimates for Hanmi Financial Corp’s Q2 2017 earnings at $0.47 EPS, Q3 2017 earnings at $0.50 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $1.94 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $2.28 EPS.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Hanmi Financial Corp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Tuesday, December 20th. FBR & Co lifted their price target on shares of Hanmi Financial Corp from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 25th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Hanmi Financial Corp has a consensus rating of “Buy” and a consensus target price of $31.40.
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Shares of Hanmi Financial Corp (NASDAQ:HAFC) opened at 29.45 on Thursday. Hanmi Financial Corp has a 1-year low of $20.64 and a 1-year high of $35.85. The company has a 50 day moving average price of $32.51 and a 200 day moving average price of $30.45. The stock has a market cap of $941.99 million, a P/E ratio of 16.83 and a beta of 0.98.
Hanmi Financial Corp (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, January 24th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Hanmi Financial Corp had a return on equity of 10.81% and a net margin of 26.70%.
Hedge funds have recently bought and sold shares of the stock. ClariVest Asset Management LLC bought a new stake in Hanmi Financial Corp during the third quarter valued at $190,000. Federated Investors Inc. PA bought a new stake in Hanmi Financial Corp during the fourth quarter valued at $192,000. A.R.T. Advisors LLC bought a new stake in Hanmi Financial Corp during the fourth quarter valued at $202,000. Capstone Asset Management Co. increased its stake in Hanmi Financial Corp by 0.6% in the third quarter. Capstone Asset Management Co. now owns 14,429 shares of the company’s stock valued at $380,000 after buying an additional 87 shares in the last quarter. Finally, Princeton Alpha Management LP increased its stake in Hanmi Financial Corp by 22.6% in the third quarter. Princeton Alpha Management LP now owns 17,673 shares of the company’s stock valued at $466,000 after buying an additional 3,258 shares in the last quarter. 86.36% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Tuesday, February 7th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Friday, February 3rd. Hanmi Financial Corp’s dividend payout ratio is presently 43.18%.
About Hanmi Financial Corp
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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