Hanmi Financial (NASDAQ:HAFC) Shares Gap Up After Dividend Announcement

Hanmi Financial Corporation (NASDAQ:HAFC) gapped up before the market opened on Friday following a dividend announcement from the company. The stock had previously closed at $24.77, but opened at $26.39. Hanmi Financial shares last traded at $26.66, with a volume of 5,190 shares traded.

The newly announced dividend which will be paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th will be given a dividend of $0.28 per share. The ex-dividend date is Monday, February 9th. This represents a $1.12 annualized dividend and a dividend yield of 4.2%. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.27. Hanmi Financial’s payout ratio is presently 43.03%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HAFC shares. DA Davidson reiterated a “neutral” rating and set a $29.50 price target on shares of Hanmi Financial in a research note on Thursday. Wall Street Zen downgraded Hanmi Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Hanmi Financial in a research note on Monday, December 29th. Zacks Research cut shares of Hanmi Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Keefe, Bruyette & Woods upped their price objective on Hanmi Financial from $29.00 to $30.50 and gave the company a “market perform” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.33.

Hanmi Financial Price Performance

The firm has a market cap of $794.12 million, a price-to-earnings ratio of 10.56 and a beta of 0.72. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average price is $28.07 and its 200-day moving average price is $26.03.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, January 27th. The bank reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). Hanmi Financial had a return on equity of 9.85% and a net margin of 17.10%.The business had revenue of $134.06 million for the quarter, compared to analyst estimates of $71.40 million. As a group, equities research analysts forecast that Hanmi Financial Corporation will post 2.6 earnings per share for the current fiscal year.

Key Headlines Impacting Hanmi Financial

Here are the key news stories impacting Hanmi Financial this week:

• Positive Sentiment: Board raised the quarterly cash dividend to $0.28 per share (?4% increase) and expanded share repurchase authorization, boosting cash return policy and supporting shareholder yield (annualized yield ~4.2%, ex-dividend Feb 9). This is a clear catalyst for investor demand. Hanmi Financial Increases Cash Dividend 4% to $0.28 per share and Expands Repurchase Authorization Hanmi Financial boosts dividend and expands share repurchases
• Neutral Sentiment: DA Davidson reaffirmed a “Neutral” rating and set a $29.50 price target (about ~11% above the recent price). That keeps analyst sentiment cautious but indicates upside potential if operations stabilize. Hanmi Financial’s (HAFC) Neutral Rating Reaffirmed at DA Davidson
• Neutral Sentiment: Research coverage highlights a mixed setup: Zacks pieces argue HAFC may be undervalued and technically oversold, and that analyst estimate revisions could support a trend reversal — these are potential positives but not immediate catalysts. Is Hanmi Financial (HAFC) Stock Undervalued Right Now? After Plunging 8.4% in 4 Weeks, Here’s Why the Trend Might Reverse for Hanmi Financial (HAFC)
• Negative Sentiment: Shares plunged earlier after quarterly results disappointed market expectations — GAAP EPS of $0.70 missed the consensus ~$0.71 (by $0.01) and the market reacted negatively despite a revenue beat. The earnings miss and associated guidance/market reaction are the main near-term downside driver. Hanmi Financial (NASDAQ:HAFC) Shares Down 10.9% Following Weak Earnings

Institutional Trading of Hanmi Financial

Institutional investors have recently added to or reduced their stakes in the stock. AlphaQuest LLC grew its stake in shares of Hanmi Financial by 201.7% in the third quarter. AlphaQuest LLC now owns 1,792 shares of the bank’s stock valued at $44,000 after buying an additional 1,198 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Hanmi Financial by 343.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,764 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Hanmi Financial by 148.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,442 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Hanmi Financial by 15.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the bank’s stock worth $100,000 after buying an additional 531 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Hanmi Financial by 397.2% during the 3rd quarter. Quantbot Technologies LP now owns 8,597 shares of the bank’s stock worth $212,000 after buying an additional 6,868 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Company Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean?American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium?sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA?guaranteed loans.