Wedbush Trims Hanmi Financial (NASDAQ:HAFC) Target Price to $21.00

Hanmi Financial (NASDAQ:HAFC) had its price objective reduced by Wedbush from $22.00 to $21.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the bank’s stock. Wedbush also issued estimates for Hanmi Financial’s FY2026 earnings at $2.10 EPS.

Separately, DA Davidson lifted their target price on Hanmi Financial from $18.00 to $21.00 and gave the stock a neutral rating in a report on Wednesday, July 24th.

Hanmi Financial Trading Down 1.1 %

Hanmi Financial stock opened at $18.16 on Tuesday. Hanmi Financial has a 12 month low of $13.87 and a 12 month high of $20.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $19.14 and its two-hundred day simple moving average is $16.95. The company has a market capitalization of $551.83 million, a price-to-earnings ratio of 7.57 and a beta of 0.88.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. The firm had revenue of $106.72 million for the quarter, compared to the consensus estimate of $59.07 million. During the same period last year, the business posted $0.67 EPS. As a group, equities analysts predict that Hanmi Financial will post 1.98 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.51%. The ex-dividend date was Monday, August 5th. Hanmi Financial’s dividend payout ratio is presently 41.67%.

Hedge Funds Weigh In On Hanmi Financial

A number of hedge funds and other institutional investors have recently modified their holdings of HAFC. Point72 Asia Singapore Pte. Ltd. raised its position in Hanmi Financial by 47.0% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock valued at $63,000 after acquiring an additional 1,207 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Hanmi Financial by 90.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank’s stock valued at $100,000 after purchasing an additional 2,441 shares during the last quarter. EntryPoint Capital LLC boosted its position in Hanmi Financial by 278.4% during the first quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank’s stock worth $135,000 after acquiring an additional 6,242 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Hanmi Financial in the 2nd quarter worth $168,000. Finally, Entropy Technologies LP acquired a new position in Hanmi Financial in the 1st quarter valued at about $171,000. 88.66% of the stock is currently owned by institutional investors.

Hanmi Financial Company Profile

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.