Hanmi Financial Corporation (HAFC) To Go Ex-Dividend on August 3rd

Hanmi Financial Corporation (NASDAQ:HAFC) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 3rd will be given a dividend of 0.28 per share by the bank on Wednesday, August 19th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, August 3rd.

Hanmi Financial has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Hanmi Financial has a dividend payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hanmi Financial to earn $3.40 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 32.9%.

Hanmi Financial Stock Down 1.6%

HAFC opened at $31.69 on Friday. Hanmi Financial has a fifty-two week low of $22.00 and a fifty-two week high of $33.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.98 and a current ratio of 0.97. The company has a market capitalization of $943.41 million, a P/E ratio of 10.67 and a beta of 0.72. The stock has a fifty day moving average of $31.37 and a 200-day moving average of $28.88.

Hanmi Financial (NASDAQ:HAFC) last announced its earnings results on Tuesday, July 21st. The bank reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Hanmi Financial had a net margin of 19.82% and a return on equity of 11.20%. The company had revenue of $72.21 million during the quarter, compared to analysts’ expectations of $74.03 million. On average, equities analysts expect that Hanmi Financial will post 3.17 EPS 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.