Hanmi Financial (NASDAQ:HAFC – Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48, Zacks reports. Hanmi Financial had a net margin of 15.84% and a return on equity of 9.72%. The company had revenue of $106.72 million for the quarter, compared to the consensus estimate of $59.07 million. During the same period in the previous year, the firm earned $0.67 EPS.
Hanmi Financial Trading Up 3.6 %
Shares of Hanmi Financial stock traded up $0.69 during trading on Thursday, hitting $20.10. The stock had a trading volume of 209,381 shares, compared to its average volume of 246,707. The stock has a 50 day simple moving average of $16.45 and a 200 day simple moving average of $16.09. Hanmi Financial has a 1 year low of $13.87 and a 1 year high of $20.90. The company has a market capitalization of $610.84 million, a PE ratio of 8.09 and a beta of 0.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.43.
Analyst Upgrades and Downgrades
HAFC has been the topic of several recent research reports. Wedbush lifted their price objective on shares of Hanmi Financial from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 price objective (down previously from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th. Finally, DA Davidson lifted their price objective on shares of Hanmi Financial from $18.00 to $21.00 and gave the stock 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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