Hanmi Financial Co. (NASDAQ:HAFC – Get Free Report) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Monday, August 5th will be paid a dividend of 0.25 per share by the bank on Wednesday, August 21st. This represents a $1.00 annualized dividend and a yield of 4.98%. The ex-dividend date is Monday, August 5th.
Hanmi Financial has raised its dividend by an average of 24.4% annually over the last three years. Hanmi Financial has a dividend payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hanmi Financial to earn $2.21 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 45.2%.
Hanmi Financial Trading Up 3.6 %
NASDAQ:HAFC opened at $20.10 on Friday. The business’s 50 day moving average is $16.52 and its two-hundred day moving average is $16.12. Hanmi Financial has a 52 week low of $13.87 and a 52 week high of $20.90. The company has a market cap of $610.84 million, a PE ratio of 8.38 and a beta of 0.90. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.60.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. DA Davidson raised their target price on Hanmi Financial from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday. Wedbush boosted their target price on shares of Hanmi Financial from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 price target (down previously from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th.
Get Our Latest Analysis 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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