Hanmi Financial Corporation (HAFC) Receives Consensus Rating of “Hold” from Analysts
Hanmi Financial Corporation (NASDAQ:HAFC) has received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $31.00.
HAFC has been the topic of several recent research reports. Zacks Investment Research lowered Hanmi Financial from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. ValuEngine lowered Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods set a $28.00 price objective on Hanmi Financial and gave the stock a “hold” rating in a research report on Saturday, October 7th. Piper Jaffray Companies restated a “hold” rating and issued a $31.00 price objective on shares of Hanmi Financial in a research report on Friday, October 6th. Finally, BidaskClub lowered Hanmi Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.
Shares of Hanmi Financial (NASDAQ:HAFC) opened at $31.05 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00. Hanmi Financial has a 52-week low of $25.45 and a 52-week high of $35.85. The company has a market capitalization of $1,016.03, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78.
Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, October 17th. The bank reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Hanmi Financial had a return on equity of 10.60% and a net margin of 24.54%. The business had revenue of $53.74 million for the quarter, compared to analyst estimates of $53.30 million. During the same quarter in the prior year, the firm posted $0.41 EPS. sell-side analysts forecast that Hanmi Financial will post 1.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 30th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.71%. Hanmi Financial’s dividend payout ratio (DPR) is 46.93%.
Several large investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in shares of Hanmi Financial by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,081 shares of the bank’s stock valued at $429,000 after buying an additional 39 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Hanmi Financial by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 23,655 shares of the bank’s stock valued at $673,000 after purchasing an additional 250 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Hanmi Financial by 4.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,630 shares of the bank’s stock valued at $217,000 after purchasing an additional 300 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Hanmi Financial by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,200 shares of the bank’s stock valued at $688,000 after purchasing an additional 360 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Hanmi Financial by 0.8% in the 2nd quarter. Sei Investments Co. now owns 57,127 shares of the bank’s stock valued at $1,625,000 after purchasing an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.
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Hanmi Financial 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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