Hanmi Financial’s (HAFC) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Hanmi Financial (NASDAQ:HAFC) in a research note published on Wednesday morning, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has a $29.00 target price on the bank’s stock, up from their previous target price of $24.00.

A number of other research analysts also recently commented on the stock. Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their price target for the company from $20.00 to $25.50 in a report on Thursday, October 24th. Wedbush reiterated a “neutral” rating and set a $21.00 price target on shares of Hanmi Financial in a report on Wednesday, October 23rd. Janney Montgomery Scott raised shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research report on Friday, November 15th. Finally, DA Davidson upped their target price on Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Hanmi Financial presently has a consensus rating of “Hold” and an average target price of $24.38.

Hanmi Financial Stock Up 0.5 %

Shares of NASDAQ:HAFC opened at $25.74 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. Hanmi Financial has a 12 month low of $14.45 and a 12 month high of $27.59. The company has a 50-day moving average price of $22.76 and a 200 day moving average price of $19.48. The company has a market cap of $777.35 million, a price-to-earnings ratio of 12.38 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. The firm had revenue of $108.86 million during the quarter, compared to the consensus estimate of $59.23 million. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities research analysts predict that Hanmi Financial will post 2 earnings per share for the current year.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.89%. The ex-dividend date was Monday, November 4th. Hanmi Financial’s dividend payout ratio is presently 48.08%.

Institutional Investors Weigh In On Hanmi Financial

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Hanmi Financial by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 2,255,191 shares of the bank’s stock valued at $35,903,000 after buying an additional 58,097 shares during the period. SG Americas Securities LLC purchased a new stake in Hanmi Financial in the 2nd quarter valued at about $322,000. Texas Permanent School Fund Corp boosted its position in Hanmi Financial by 129.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 59,904 shares of the bank’s stock valued at $1,002,000 after buying an additional 33,747 shares during the period. Sanctuary Advisors LLC purchased a new stake in Hanmi Financial in the 2nd quarter valued at about $534,000. Finally, Acadian Asset Management LLC boosted its position in Hanmi Financial by 71.8% in the 2nd quarter. Acadian Asset Management LLC now owns 482,698 shares of the bank’s stock valued at $8,070,000 after buying an additional 201,789 shares during the period. 88.66% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Company Profile

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.