Analysts expect that Hanmi Financial Corp (NASDAQ:HAFC) will announce $55.17 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Hanmi Financial’s earnings, with estimates ranging from $55.10 million to $55.30 million. Hanmi Financial reported sales of $49.57 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The business is expected to report its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that Hanmi Financial will report full-year sales of $55.17 million for the current financial year, with estimates ranging from $229.70 million to $233.40 million. For the next financial year, analysts expect that the company will post sales of $253.23 million per share, with estimates ranging from $250.50 million to $257.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $54.03 million for the quarter, compared to analysts’ expectations of $54.53 million. Hanmi Financial had a net margin of 22.52% and a return on equity of 10.59%.
In related news, Director John J. Ahn purchased 3,000 shares of the stock in a transaction on Friday, January 26th. The shares were purchased at an average cost of $31.56 per share, with a total value of $94,680.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.66% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Hanmi Financial by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 24,200 shares of the bank’s stock worth $688,000 after purchasing an additional 360 shares during the period. Voya Investment Management LLC increased its holdings in shares of Hanmi Financial by 4.5% during the second quarter. Voya Investment Management LLC now owns 33,287 shares of the bank’s stock worth $947,000 after purchasing an additional 1,431 shares during the period. Alps Advisors Inc. increased its holdings in shares of Hanmi Financial by 13.9% during the third quarter. Alps Advisors Inc. now owns 17,170 shares of the bank’s stock worth $531,000 after purchasing an additional 2,089 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Hanmi Financial by 42.6% during the third quarter. Victory Capital Management Inc. now owns 7,291 shares of the bank’s stock worth $226,000 after purchasing an additional 2,179 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Hanmi Financial by 59.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,160 shares of the bank’s stock worth $376,000 after purchasing an additional 4,530 shares during the period. 88.67% of the stock is currently owned by institutional investors.
Hanmi Financial (NASDAQ HAFC) opened at $31.45 on Wednesday. The firm has a market cap of $1,020.00, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.72 and a beta of 0.63. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. Hanmi Financial has a fifty-two week low of $25.45 and a fifty-two week high of $34.55.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be issued a $0.24 dividend. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, February 2nd. Hanmi Financial’s dividend payout ratio is currently 56.80%.
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About Hanmi Financial
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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