Hanmi Financial (HAFC) Projected to Post Quarterly Earnings on Tuesday

Hanmi Financial (NASDAQ:HAFC) is expected to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Hanmi Financial Stock Performance

Shares of NASDAQ HAFC opened at $22.98 on Monday. Hanmi Financial has a 1 year low of $14.45 and a 1 year high of $27.59. The firm has a market cap of $694.00 million, a P/E ratio of 11.05 and a beta of 0.89. The stock has a fifty day moving average price of $24.33 and a two-hundred day moving average price of $21.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.00.

Wall Street Analysts Forecast Growth

HAFC has been the topic of several recent research reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. DA Davidson lifted their target price on Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Piper Sandler raised Hanmi Financial from a “neutral” rating to an “overweight” rating and upped their target price for the company from $20.00 to $25.50 in a report on Thursday, October 24th. Janney Montgomery Scott raised Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Wedbush reaffirmed a “neutral” rating and set a $21.00 price objective on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.38.

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.