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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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