Hanmi Financial Co. Declares Quarterly Dividend of $0.25 (NASDAQ:HAFC)

Hanmi Financial Co. (NASDAQ:HAFC) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be paid a dividend of 0.25 per share by the bank on Wednesday, May 22nd. This represents a $1.00 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Friday, May 3rd.

Hanmi Financial has increased its dividend by an average of 24.4% per year over the last three years. Hanmi Financial has a payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Hanmi Financial to earn $2.26 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 44.2%.

Hanmi Financial Stock Performance

Shares of HAFC opened at $15.70 on Thursday. The stock has a market capitalization of $475.40 million, a price-to-earnings ratio of 6.54 and a beta of 0.93. Hanmi Financial has a 12 month low of $13.35 and a 12 month high of $20.31. The firm has a fifty day simple moving average of $15.25 and a 200 day simple moving average of $16.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HAFC shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $18.00 price objective (down from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th. Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of Hanmi Financial in a research report on Wednesday, April 24th.

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.