Hanmi Financial (NASDAQ: HAFC) reported its quarterly earnings on July 23. The bank earned $0.48 per share, matching expectations, with revenue of $106.72 million, significantly surpassing the forecast of $59.07 million. Last year, earnings per share were $0.67. Analysts predict $2 EPS for both the current and next fiscal year.
Stock Performance
HAFC shares opened at $20.06. The market cap is $609.56 million, with a P/E ratio of 8.36. The stock’s 12-month range is $13.87 to $20.92, and the 50-day average is $18.93.
Dividend Announcement
The company announced a $0.25 dividend paid on August 21, with an annual yield of 4.99%. The dividend payout ratio is 41.67%.
Analyst Ratings
Analysts have mixed opinions on HAFC. Wedbush lowered its price target from $22.00 to $21.00, while DA Davidson raised it from $18.00 to $21.00. Keefe, Bruyette & Woods upgraded their rating and set a target of $22.00.
About Hanmi Financial
(Get Free Report) Hanmi Financial operates Hanmi Bank, providing various business banking services in the U.S.
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