Equities research analysts expect Hanmi Financial Corp (NASDAQ:HAFC) to announce sales of $55.17 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Hanmi Financial’s earnings. The highest sales estimate is $55.30 million and the lowest is $55.10 million. Hanmi Financial posted sales of $49.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The firm is scheduled to announce its next earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Hanmi Financial will report full year sales of $55.17 million for the current fiscal year, with estimates ranging from $229.70 million to $233.40 million. For the next financial year, analysts forecast that the firm 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 a mean average based on a survey of sell-side research firms that that provide coverage for Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $54.03 million for the quarter, compared to the consensus estimate of $54.53 million. Hanmi Financial had a net margin of 22.52% and a return on equity of 10.59%.
Shares of Hanmi Financial (HAFC) traded down $0.10 on Wednesday, hitting $31.45. 93,039 shares of the company traded hands, compared to its average volume of 163,825. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1,023.22, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.71 and a beta of 0.64. Hanmi Financial has a fifty-two week low of $25.45 and a fifty-two week high of $34.55.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were paid a dividend of $0.24 per share. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 2nd. This represents a $0.96 annualized dividend and a dividend yield of 3.05%. Hanmi Financial’s dividend payout ratio is presently 56.47%.
In other news, Director John J. Ahn acquired 3,000 shares of Hanmi Financial stock in a transaction that occurred on Friday, January 26th. The shares were acquired at an average price of $31.56 per share, with a total value of $94,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.66% of the company’s stock.
A number of large investors have recently bought and sold shares of HAFC. Xact Kapitalforvaltning AB purchased a new position in Hanmi Financial during the fourth quarter worth approximately $201,000. Piedmont Investment Advisors LLC purchased a new position in Hanmi Financial during the third quarter worth approximately $218,000. Victory Capital Management Inc. raised its stake in 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. Aperio Group LLC purchased a new position in Hanmi Financial during the third quarter worth approximately $233,000. Finally, Janney Capital Management LLC purchased a new position in Hanmi Financial during the third quarter worth approximately $258,000. 88.67% of the stock is currently owned by institutional investors.
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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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