Equities analysts forecast that Hanmi Financial Corp (NASDAQ:HAFC) will announce earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hanmi Financial’s earnings, with estimates ranging from $0.51 to $0.57. Hanmi Financial reported earnings of $0.43 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.6%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, April 24th.
On average, analysts expect that Hanmi Financial will report full-year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.17 to $2.42. For the next fiscal year, analysts anticipate that the company will post earnings of $2.55 per share, with EPS estimates ranging from $2.29 to $2.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Hanmi Financial had a net margin of 22.52% and a return on equity of 10.59%. The firm had revenue of $54.03 million during the quarter, compared to the consensus estimate of $54.53 million.
A number of brokerages have recently issued reports on HAFC. BidaskClub raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $32.00 price objective on shares of Hanmi Financial in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Hanmi Financial from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Monday, January 1st. Finally, ValuEngine raised shares of Hanmi Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Hanmi Financial presently has an average rating of “Buy” and an average price target of $33.00.
In other news, Director John J. Ahn bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was bought at an average price of $31.56 per share, with a total value of $94,680.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.66% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC boosted its holdings in Hanmi Financial by 3.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 160,868 shares of the bank’s stock worth $4,882,000 after buying an additional 4,723 shares during the period. Xact Kapitalforvaltning AB bought a new position in Hanmi Financial in the 4th quarter worth $201,000. Geode Capital Management LLC boosted its holdings in Hanmi Financial by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 286,729 shares of the bank’s stock worth $8,702,000 after buying an additional 6,757 shares during the period. Piedmont Investment Advisors LLC bought a new position in Hanmi Financial in the 3rd quarter worth $218,000. Finally, Bank of Montreal Can boosted its holdings in Hanmi Financial by 9.0% in the 4th quarter. Bank of Montreal Can now owns 88,281 shares of the bank’s stock worth $2,679,000 after buying an additional 7,315 shares during the period. 88.90% of the stock is owned by institutional investors.
Shares of HAFC stock traded down $0.40 during mid-day trading on Wednesday, reaching $30.65. 191,355 shares of the company’s stock traded hands, compared to its average volume of 175,518. Hanmi Financial has a 12 month low of $25.45 and a 12 month high of $33.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $1,013.00, a price-to-earnings ratio of 17.07, a PEG ratio of 1.69 and a beta of 0.67.
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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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