Hanmi Financial’s (HAFC) Neutral Rating Reiterated at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Hanmi Financial (NASDAQ:HAFC) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $29.50 price target on the bank’s stock.

A number of other brokerages have also issued reports on HAFC. Weiss Ratings reissued a “buy (b-)” rating on shares of Hanmi Financial in a research note on Monday, December 29th. Wall Street Zen downgraded Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Keefe, Bruyette & Woods lifted their target price on shares of Hanmi Financial from $29.00 to $30.50 and gave the stock a “market perform” rating in a report on Wednesday, October 22nd. Finally, Zacks Research downgraded Hanmi Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Hanmi Financial presently has an average rating of “Hold” and a consensus target price of $29.33.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $26.57 on Thursday. The firm has a 50 day simple moving average of $28.06 and a 200 day simple moving average of $26.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 0.99. Hanmi Financial has a 52 week low of $19.25 and a 52 week high of $30.20. The company has a market cap of $795.77 million, a PE ratio of 10.59 and a beta of 0.72.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, January 27th. The bank reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The business had revenue of $134.06 million during the quarter, compared to analysts’ expectations of $71.40 million. Hanmi Financial had a net margin of 17.10% and a return on equity of 9.85%. As a group, research analysts expect that Hanmi Financial will post 2.6 earnings per share for the current year.

Hanmi Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Monday, February 9th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.12 annualized dividend and a yield of 4.2%. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.27. Hanmi Financial’s payout ratio is presently 43.03%.

Hedge Funds Weigh In On Hanmi Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAFC. AlphaQuest LLC boosted its stake in Hanmi Financial by 201.7% in the third quarter. AlphaQuest LLC now owns 1,792 shares of the bank’s stock valued at $44,000 after acquiring an additional 1,198 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Hanmi Financial by 343.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,764 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Hanmi Financial by 148.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock valued at $60,000 after buying an additional 1,442 shares during the period. Nisa Investment Advisors LLC boosted its stake in Hanmi Financial by 15.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the bank’s stock worth $100,000 after purchasing an additional 531 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of Hanmi Financial by 397.2% during the third quarter. Quantbot Technologies LP now owns 8,597 shares of the bank’s stock worth $212,000 after buying an additional 6,868 shares during the period. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial News Summary

Here are the key news stories impacting Hanmi Financial this week:

• Positive Sentiment: Board raises quarterly cash dividend and expands repurchase authorization — Hanmi increased its quarterly dividend to $0.28 (about a 3.7–4% raise vs. prior), announced an expanded share repurchase program and set an ex‑dividend date of Feb. 9, giving a roughly 4.2% yield. These capital-return moves can support the stock and signal management confidence. Dividend & Repurchase Article
• Neutral Sentiment: DA Davidson reaffirms a “Neutral” rating with a $29.50 price target — the call keeps analyst sentiment unchanged but implies ~11% upside from the current price, so it’s not a catalyst for an upgrade-driven rally. DA Davidson Article
• Neutral Sentiment: Zacks coverage highlights valuation/technical setup — Zacks argues HAFC may be undervalued and technically oversold, suggesting the recent decline could set up a rebound if earnings estimates hold or improve. This is a watch-item for value/technical traders rather than immediate fundamental change. Zacks Valuation Article
• Negative Sentiment: Shares fell after weaker-than-expected quarterly results — Hanmi reported EPS slightly below consensus and the stock dropped sharply (reports cite a ~10.9% move down) as investors reacted to the earnings miss and near-term profitability guidance/metrics. This is the primary driver of today’s negative price action. Earnings Reaction Article

About Hanmi Financial

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.