Hanmi Financial Co. (NASDAQ:HAFC – Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, May 6th will be given a dividend of 0.25 per share by the bank on Wednesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend is Friday, May 3rd.
Hanmi Financial has raised its dividend payment by an average of 24.4% per year over the last three years. Hanmi Financial has a payout ratio of 42.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hanmi Financial to earn $2.22 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 45.0%.
Hanmi Financial Price Performance
Hanmi Financial stock opened at $15.82 on Friday. Hanmi Financial has a one year low of $13.35 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 0.98. The business has a fifty day moving average of $15.24 and a two-hundred day moving average of $16.43. The company has a market cap of $479.03 million, a P/E ratio of 6.59 and a beta of 0.95.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on HAFC. Wedbush reaffirmed a “neutral” rating and set a $17.00 price target on shares of Hanmi Financial in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price target (down previously from $18.50) on shares of Hanmi Financial in a research note on Wednesday.
Get Our Latest Research Report on HAFC
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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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