Brokerages expect Hanmi Financial Co. (NASDAQ:HAFC) to post sales of $56.40 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Hanmi Financial’s earnings. The highest sales estimate is $57.40 million and the lowest is $54.80 million. Hanmi Financial posted sales of $52.75 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 26th.
According to Zacks, analysts expect that Hanmi Financial will report full-year sales of $226.10 million for the current financial year, with estimates ranging from $221.80 million to $228.50 million. For the next financial year, analysts expect that the company will report sales of $224.60 million, with estimates ranging from $215.30 million to $234.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Hanmi Financial.
Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings data on Monday, July 26th. The bank reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.24. The company had revenue of $58.46 million for the quarter, compared to the consensus estimate of $53.50 million. Hanmi Financial had a net margin of 27.72% and a return on equity of 11.95%.
Shares of HAFC stock traded down $0.25 on Tuesday, hitting $17.94. 152,864 shares of the stock traded hands, compared to its average volume of 177,328. The firm has a market cap of $550.70 million, a price-to-earnings ratio of 7.90 and a beta of 1.35. Hanmi Financial has a 52 week low of $7.47 and a 52 week high of $22.29. The firm has a 50 day simple moving average of $18.41 and a two-hundred day simple moving average of $19.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.96.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 26th. Shareholders of record on Monday, August 9th were paid a $0.12 dividend. The ex-dividend date was Friday, August 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.68%. Hanmi Financial’s payout ratio is currently 34.78%.
About Hanmi Financial
Hanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. It offers checking, money market and savings, treasury management, and loans. The company was founded in 1982 and is headquartered in Los Angeles, CA.
Featured Article: What’s a Black Swan?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.