Hanmi Financial Corporation (NASDAQ:HAFC) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, HAFC to report 3Q20 income of $ 0.26 per share from revenue of $ 52.68 million.
For the full year, analysts anticipate top line of $ 210.17 million, while looking forward to income of $ 0.93 per share bottom line.
Previous Quarter Performance
Hanmi Financial Corporation reported income for the second quarter of $ 0.30 per share, from the revenue of $ 65.37 million. The quarterly earnings grew 233.33 percent compared with the same quarter last year. Wall street analysts are predicting, HAFC to report 2Q20 income of $ 0.15 per share from revenue of $ 49.57 million. The bottom line results beat street analysts by $ 0.15 or 100.00 percent, at the same time, top line results outshined analysts by $ 15.80 million or 31.87 percent.
Stock Performance
Shares of Hanmi Financial Corporation traded up $ 0.05 or 0.54 percent on Friday, reaching $ 9.26 with volume of 199.70 thousand shares. Hanmi Financial Corporation has traded high as $ 9.57 and has cracked $ 9.07 on the downward trend
According to the previous trading day, closing price of $ 9.26, representing a 28.81 % increase from the 52 week low of $ 7.15 and a 55.7 % decrease over the 52 week high of $ 20.79.
The company has a market capital of $ 283.88 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 6th October 2020, initiated by Wedbush at Neutral rating, with $ 9.00 target price.
- On 1st October 2020, maintained by Piper Sandler at Neutral rating, with $ 9.00 target price.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized 3Q20 dividend of $ 0.08 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 31, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Hanmi Financial Corporation will be hosting a conference call at 5:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hanmi.com
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. It also provides real estate loans, including commercial property, construction, and residential property loans; and commercial and industrial loans, such as commercial term loans and commercial lines of credit, as well as international finance, and trade services and products comprising letters of credit, and import and export financing.
