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Hanmi Financial upgraded to Buy at Janney on earnings growth potential

Hanmi Financial upgraded to Buy at Janney on earnings growth potential

As previously reported, Janney Montgomery Scott upgraded Hanmi Financial (HAFC) to Buy from Neutral with a fair value estimate of $30, up from $21. The firm expects that repricing of time deposits and stable loan yields can drive EPS growth of 20% in 2025 and 10% in 2026, the analyst tells investors. The firm has raised its EPS estimates for 2024 and 2025 while establishing an EPS estimate of $2.75 for 2026.

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