Hanmi Financial (NASDAQ:HAFC – Get Free Report) posted its earnings results on Tuesday. The bank reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48, Zacks reports. The business had revenue of $106.72 million for the quarter, compared to the consensus estimate of $59.07 million. Hanmi Financial had a net margin of 15.84% and a return on equity of 9.72%. During the same period last year, the company earned $0.67 EPS.
Hanmi Financial Stock Up 3.9 %
Shares of NASDAQ HAFC traded up $0.76 during trading on Thursday, hitting $20.17. The stock had a trading volume of 64,102 shares, compared to its average volume of 245,684. Hanmi Financial has a 12 month low of $13.87 and a 12 month high of $20.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $612.97 million, a PE ratio of 8.09 and a beta of 0.90. The firm has a fifty day moving average of $16.45 and a two-hundred day moving average of $16.09.
Analyst Ratings Changes
A number of research analysts recently issued reports on HAFC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $18.00 target price (down previously from $18.50) on shares of Hanmi Financial in a research report on Wednesday, April 24th. DA Davidson boosted their price target on shares of Hanmi Financial from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wedbush boosted their price target on shares of Hanmi Financial from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday.
About Hanmi Financial
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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