Hanmi Financial Corp (NASDAQ: HAFC) has reported earnings for its second fiscal quarter (ending June 30) of $0.48 versus $0.68 for the same period a year ago — a decline of -29%. However, this result exceeded the consensus estimate of $0.47 by $0.01. For the latest four quarters through June 30, E.P.S. were $2.21 versus $3.22 for the same period a year ago — a decline of -31%.
Recent Price Action
On 7/23/24, Hanmi Financial Corp (NASDAQ: HAFC) stock enjoyed a large increase of 3.2%, closing at $20.70. Moreover, this advance was accompanied by unusually high trading volume at 156% of normal. Relative to the market the stock has been weak over the last nine months but has risen 14.4% during the last week.
Current PriceTarget Research Rating
HAFC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Hanmi Financial has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Hanmi Financial has a good Appreciation Score of 82 but a poor Power Rating of 29, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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