News stories about Hanmi Financial (NASDAQ:HAFC) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hanmi Financial earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 47.6122588090175 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Hanmi Financial to Acquire Texas-Based SWNB Bancorp Inc. for $76.7M (labusinessjournal.com)
- Hanmi Financial Corp Forecasted to Post FY2019 Earnings of $2.57 Per Share (HAFC) (americanbankingnews.com)
- FIG Partners Research Analysts Lower Earnings Estimates for Hanmi Financial Corp (HAFC) (americanbankingnews.com)
- Hanmi Financial (HAFC) Raised to “Outperform” at FIG Partners (americanbankingnews.com)
- Hanmi Financial Corp Expected to Earn FY2018 Earnings of $2.00 Per Share (HAFC) (americanbankingnews.com)
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Hanmi Financial from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Piper Jaffray Companies set a $31.00 price objective on shares of Hanmi Financial and gave the stock a “hold” rating in a research report on Wednesday, April 25th. FIG Partners upgraded shares of Hanmi Financial from a “market-perform” rating to an “outperform” rating in a research report on Monday, May 21st. Finally, Raymond James cut their price objective on shares of Hanmi Financial from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, April 26th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Hanmi Financial presently has an average rating of “Buy” and a consensus price target of $32.50.
HAFC stock traded down $0.05 during mid-day trading on Friday, hitting $30.30. 277,933 shares of the company were exchanged, compared to its average volume of 183,164. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $986.27 million, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.82 and a beta of 0.70. Hanmi Financial has a 1-year low of $25.45 and a 1-year high of $33.10.
Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, April 24th. The bank reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). Hanmi Financial had a net margin of 22.44% and a return on equity of 10.67%. The business had revenue of $50.99 million during the quarter, compared to analyst estimates of $55.17 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. research analysts expect that Hanmi Financial will post 2.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Monday, May 7th will be given a $0.24 dividend. The ex-dividend date is Friday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.17%. Hanmi Financial’s payout ratio is 53.04%.
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. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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