Analysts forecast that Hanmi Financial Corp (NASDAQ:HAFC) will report $0.48 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Hanmi Financial’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.46. Hanmi Financial posted earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The business is expected to issue its next quarterly earnings report on Tuesday, April 23rd.
On average, analysts expect that Hanmi Financial will report full year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.25. For the next year, analysts expect that the firm will post earnings of $2.33 per share, with EPS estimates ranging from $2.10 to $2.47. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Hanmi Financial.
Get Hanmi Financial alerts:Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, January 15th. The bank reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.05). Hanmi Financial had a return on equity of 10.74% and a net margin of 22.35%. The company had revenue of $51.95 million during the quarter, compared to analysts’ expectations of $51.95 million. During the same period in the prior year, the business posted $0.48 earnings per share.
HAFC has been the subject of a number of recent research reports. BidaskClub raised shares of Hanmi Financial from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. ValuEngine cut shares of Hanmi Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. TheStreet raised shares of Hanmi Financial from a “c+” rating to a “b-” rating in a research report on Wednesday, February 20th. Zacks Investment Research cut shares of Hanmi Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. Finally, Raymond James cut shares of Hanmi Financial from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Hanmi Financial currently has an average rating of “Hold” and a consensus price target of $27.33.
Shares of NASDAQ:HAFC traded down $0.06 on Thursday, hitting $21.51. The company had a trading volume of 126,600 shares, compared to its average volume of 201,568. Hanmi Financial has a 1 year low of $17.56 and a 1 year high of $32.10. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. The stock has a market cap of $663.60 million, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.26 and a beta of 1.00.
Hanmi Financial declared that its Board of Directors has initiated a share repurchase plan on Thursday, January 24th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the bank to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Wednesday, January 30th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, January 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.46%. Hanmi Financial’s dividend payout ratio (DPR) is currently 50.53%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Flinton Capital Management LLC lifted its position in Hanmi Financial by 30.3% during the 4th quarter. Flinton Capital Management LLC now owns 5,544 shares of the bank’s stock valued at $109,000 after acquiring an additional 1,288 shares during the period. Neuburgh Advisers LLC lifted its position in Hanmi Financial by 30.3% during the 4th quarter. Neuburgh Advisers LLC now owns 6,732 shares of the bank’s stock valued at $133,000 after acquiring an additional 1,564 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in Hanmi Financial by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,604 shares of the bank’s stock valued at $209,000 after acquiring an additional 8,281 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Hanmi Financial during the 4th quarter valued at about $238,000. Finally, Magnus Financial Group LLC purchased a new position in Hanmi Financial in the fourth quarter worth about $280,000. 88.02% of the stock is owned by 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. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
Read More: What does relative strength index mean?
Get a free copy of the Zacks research report on Hanmi Financial (HAFC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment