Hanmi Financial (NASDAQ:HAFC – Get Free Report) recently announced its quarterly earnings on July 23rd. The bank reported earnings of $0.48 per share, matching analyst expectations, and revenues of $106.72 million, well above estimates of $59.07 million. The company’s net margin was 15.84%, and return on equity was 9.66%. Last year, they earned $0.67 per share. Analysts predict Hanmi Financial will earn $2 per share this year and next year.
Price Performance
On Tuesday, HAFC shares opened at $20.06. The company’s market cap is $609.56 million, with a P/E ratio of 8.36. The stock has fluctuated between $13.87 and $20.92 in the past year, with averages of $18.93 (50-day) and $17.28 (200-day). The company’s quick ratio is 1.00, current ratio is 1.00, and debt-to-equity ratio is 0.60.
Dividend Announcement
Hanmi Financial declared a quarterly dividend paid on August 21st. Investors record as of August 5th received a $0.25 dividend, amounting to an annual yield of 4.99%, with a payout ratio of 41.67%.
Analyst Ratings
Analysts have updated their ratings on HAFC. Wedbush lowered their target from $22 to $21 with a “neutral” rating. DA Davidson raised their target from $18 to $21, also giving a “neutral” rating. Keefe, Bruyette & Woods upgraded Hanmi from “market perform” to “outperform” and raised the price target from $20 to $22.
About Hanmi Financial
Hanmi Financial Corporation is the parent company of Hanmi Bank, which offers various business banking services in the U.S., including checking and savings accounts, money market accounts, and certificates of deposit.
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