Hanmi Financial Corporation (HAFC) to Issue Quarterly Dividend of $0.28 on February 25th

Hanmi Financial Corporation (NASDAQ:HAFC) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Monday, February 9th will be paid a dividend of 0.28 per share by the bank on Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, February 9th. This is a 3.7% increase from Hanmi Financial’s previous quarterly dividend of $0.27.

Hanmi Financial has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Hanmi Financial has a dividend payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hanmi Financial to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 39.4%.

Hanmi Financial Price Performance

Shares of NASDAQ HAFC opened at $28.09 on Friday. Hanmi Financial has a 52 week low of $19.25 and a 52 week high of $30.20. The business’s 50 day moving average price is $28.06 and its 200 day moving average price is $26.10. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.35. The firm has a market cap of $841.30 million, a P/E ratio of 11.19 and a beta of 0.77.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). Hanmi Financial had a net margin of 17.10% and a return on equity of 9.85%. The business had revenue of $134.06 million for the quarter, compared to analyst estimates of $71.40 million. On average, sell-side analysts expect that Hanmi Financial will post 2.6 earnings per share for the current year.

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.