Somewhat Favorable News Coverage Somewhat Unlikely to Affect Hanmi Financial Corporation (HAFC) Stock Price
Media headlines about Hanmi Financial Corporation (NASDAQ:HAFC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hanmi Financial Corporation earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 47.9280879852808 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of analysts have issued reports on HAFC shares. Zacks Investment Research upgraded shares of Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $31.00 price target on shares of Hanmi Financial Corporation in a report on Friday, October 6th. ValuEngine downgraded shares of Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Keefe, Bruyette & Woods set a $28.00 price target on shares of Hanmi Financial Corporation and gave the company a “hold” rating in a report on Saturday, October 7th. Finally, BidaskClub downgraded shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.00.
Shares of Hanmi Financial Corporation (NASDAQ:HAFC) traded up $0.15 during midday trading on Friday, reaching $29.80. 94,900 shares of the company’s stock were exchanged, compared to its average volume of 141,157. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $960.93, a P/E ratio of 16.47, a P/E/G ratio of 2.05 and a beta of 0.79. Hanmi Financial Corporation has a one year low of $25.45 and a one year high of $35.85.
Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Hanmi Financial Corporation had a net margin of 24.54% and a return on equity of 10.60%. The company had revenue of $53.74 million for the quarter, compared to the consensus estimate of $53.30 million. During the same period in the previous year, the firm posted $0.41 EPS. equities analysts anticipate that Hanmi Financial Corporation will post 1.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 30th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.82%. Hanmi Financial Corporation’s payout ratio is currently 46.93%.
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Hanmi Financial Corporation Company Profile
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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