Should I buy or sell Hanmi Financial stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hanmi Financial in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HAFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HAFC, but not buy additional shares or sell existing shares. View HAFC analyst ratings or view top-rated stocks .

What is Hanmi Financial's stock price target for 2024?

2 Wall Street analysts have issued 12 month price objectives for Hanmi Financial's shares. Their HAFC share price targets range from $17.00 to $20.00. On average, they predict the company's stock price to reach $18.50 in the next twelve months. This suggests a possible upside of 21.6% from the stock's current price. View analysts price targets for HAFC or view top-rated stocks among Wall Street analysts .

How have HAFC shares performed in 2024?

Hanmi Financial's stock was trading at $19.40 at the beginning of the year. Since then, HAFC shares have decreased by 21.6% and is now trading at $15.21. View the best growth stocks for 2024 here .

When is Hanmi Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our HAFC earnings forecast .

How can I listen to Hanmi Financial's earnings call?

Hanmi Financial will be holding an earnings conference call on Tuesday, April 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Hanmi Financial's earnings last quarter?

Hanmi Financial Co. (NASDAQ:HAFC) released its quarterly earnings results on Tuesday, January, 23rd. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The bank had revenue of $59.82 million for the quarter, compared to analysts' expectations of $63.43 million. Hanmi Financial had a net margin of 19.84% and a trailing twelve-month return on equity of 11.88%.

How often does Hanmi Financial pay dividends? What is the dividend yield for Hanmi Financial?

Hanmi Financial declared a quarterly dividend on Thursday, January 25th. Investors of record on Monday, February 5th will be paid a dividend of $0.25 per share on Thursday, February 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Friday, February 2nd. Read our dividend analysis for HAFC .

Is Hanmi Financial a good dividend stock?

Hanmi Financial (NASDAQ:HAFC) pays an annual dividend of $1.00 per share and currently has a dividend yield of 6.90%. HAFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAFC will have a dividend payout ratio of 44.05% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HAFC .

What ETF holds Hanmi Financial's stock?

Hypatia Women CEO ETF holds 2,230 shares of HAFC stock, representing 1.19% of its portfolio.

What is Jay S. Yoo's approval rating as Hanmi Financial's CEO?

15 employees have rated Hanmi Financial Chief Executive Officer Jay S. Yoo on Glassdoor.com . Jay S. Yoo has an approval rating of 37% among the company's employees. This puts Jay S. Yoo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Hanmi Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hanmi Financial investors own include General Mills (GIS) , Harley-Davidson (HOG) , JPMorgan Chase & Co. (JPM) , Exxon Mobil (XOM) , CenterPoint Energy (CNP) , CubeSmart (CUBE) , Enterprise Products Partners (EPD) , Energy Transfer (ET) , Entravision Communications (EVC) and FactSet Research Systems (FDS) .

Who are Hanmi Financial's major shareholders?

Hanmi Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.06%) and Allspring Global Investments Holdings LLC (0.06%). Insiders that own company stock include Harry Chung, Michael Yang and Romolo Santarosa. View institutional ownership trends .

How do I buy shares of Hanmi Financial?

Shares of HAFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:HAFC

Hanmi Financial (HAFC) Stock Price, News & Analysis

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Free HAFC Stock Alerts

$15.21

+0.61 (+4.18%)

(As of 04/19/2024 ET)

Compare

Today's Range: $14.49
▼
$15.22
50-Day Range: $14.48
▼
$15.92
52-Week Range: $13.35
▼
$20.31

Volume: 253,161 shs
Average Volume: 185,744 shs
Market Capitalization: $460.56 million

P/E Ratio: 5.81
Dividend Yield: 6.57%
Price Target: $18.50

Get Hanmi Financial alerts:

Hanmi Financial MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 21.6% Upside
$18.50 Price Target
Short Interest: Healthy
3.63% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.66
Upright™ Environmental Score
News Sentiment: -0.28
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.58%
From $2.15 to $2.27 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.27 out of 5 stars

Finance Sector

258th out of 844 stocks

National Commercial Banks Industry

35th out of 81 stocks

2.0

Analyst's Opinion

Consensus Rating
Hanmi Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Hanmi Financial has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.63% of the float of Hanmi Financial has been sold short.
Short Interest Ratio / Days to Cover
Hanmi Financial has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Hanmi Financial has recently decreased by 3.57%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Hanmi Financial is a leading dividend payer. It pays a dividend yield of 6.90%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hanmi Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Hanmi Financial is 38.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Hanmi Financial will have a dividend payout ratio of 44.05% next year. This indicates that Hanmi Financial will be able to sustain or increase its dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hanmi Financial has received a 22.22% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Wire transfer services", "Consumer savings accounts provided by brick and mortar banks", "Online banking", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for Hanmi Financial is -0.66.

1.5

News and Social Media Coverage

News Sentiment
Hanmi Financial has a news sentiment score of -0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Hanmi Financial this week, compared to 2 articles on an average week.
MarketBeat Follows
3 people have added Hanmi Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hanmi Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.44% of the stock of Hanmi Financial is held by insiders.
Percentage Held by Institutions
88.66% of the stock of Hanmi Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Hanmi Financial are expected to grow by 5.58% in the coming year, from $2.15 to $2.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hanmi Financial is 5.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hanmi Financial is 5.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.30.
Price to Book Value per Share Ratio
Hanmi Financial has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Hanmi Financial Stock (NASDAQ:HAFC)

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. The company also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans, such as commercial term loans and commercial lines of credit; and international finance and trade services and products, such as letters of credit, and import and export financing. In addition, it offers small business administration loans for business purposes, which comprise owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing, as well as equipment lease financing. The company was founded in 1982 and is headquartered in Los Angeles, California.

HAFC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HAFC Stock News Headlines

April 19, 2024 | msn.com

Upcoming Deadline to Share in Hanmi Financial Corporation (HAFC) Class Action Settlement

April 16, 2024 | americanbankingnews.com

Hanmi Financial (HAFC) Scheduled to Post Quarterly Earnings on Tuesday

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 15, 2024 | finance.yahoo.com

Hanmi Financial (NASDAQ:HAFC) shareholders have endured a 15% loss from investing in the stock five years ago

April 9, 2024 | globenewswire.com

Hanmi Financial Corporation Announces First Quarter 2024 Earnings and Conference Call Date

April 4, 2024 | globenewswire.com

Hanmi Releases 2023 Annual Shareholder Letter

March 18, 2024 | seekingalpha.com

SCHD: The Rebalance Is Complete

February 22, 2024 | benzinga.com

Cambridge Remains Committed to Investors, Upholding Stability during Decreased Earnings

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 22, 2024 | benzinga.com

Hanmi Financial Stock (NASDAQ:HAFC), Short Interest Report

February 17, 2024 | finance.yahoo.com

HAFC Mar 2024 20.000 call

February 6, 2024 | seekingalpha.com

Hanmi Financial: Over 6% Dividend Yield, Upgrading To Buy

January 30, 2024 | nasdaq.com

New Strong Sell Stocks for January 29th

January 25, 2024 | markets.businessinsider.com

James Marasco Appointed to the Board of Hanmi Financial Corporation

January 25, 2024 | finance.yahoo.com

Hanmi Financial Corporation (NASDAQ:HAFC) Q4 2023 Earnings Call Transcript

January 24, 2024 | realmoney.thestreet.com

Hanmi Financial just downgraded at Janney Montgomery Scott, here's why

January 24, 2024 | markets.businessinsider.com

Hanmi Financial: Hold Rating Affirmed Amidst Mixed Financial Indicators and Cautious Outlook

January 24, 2024 | finance.yahoo.com

Hanmi Financial Corp (HAFC) Reports Mixed 2023 Earnings Amid Economic Challenges

January 24, 2024 | markets.businessinsider.com

Hanmi Financial (HAFC) Receives a Hold from KBW

January 23, 2024 | finance.yahoo.com

Hanmi Financial (HAFC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

January 23, 2024 | seekingalpha.com

Hanmi Financial Corporation 2023 Q4 - Results - Earnings Call Presentation

January 23, 2024 | finance.yahoo.com

Hanmi Reports 2023 Fourth Quarter and Full Year Results

January 23, 2024 | wsj.com

Hanmi Financial Corp.

January 22, 2024 | benzinga.com

Earnings Preview For Hanmi Financial

January 16, 2024 | finance.yahoo.com

Earnings Preview: Hanmi Financial (HAFC) Q4 Earnings Expected to Decline

December 6, 2023 | finance.yahoo.com

Hanmi Bank Celebrates Grand Opening of Its New Dublin, CA Branch with Local Community

December 2, 2023 | morningstar.com

Hanmi Financial Corp HAFC

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Company Calendar

Last Earnings: 1/23/2024
Ex-Dividend for 2/22 Dividend: 2/02/2024
Dividend Payable: 2/22/2024
Today: 4/20/2024
Next Earnings (Confirmed): 4/23/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: National commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:HAFC
Previous Symbol: NASDAQ:HAFCD
CUSIP: 41049520
CIK: 1109242
Web: www.hanmi.com
Phone: (213) 382-2200
Fax: 302-636-5454
Employees: 615
Year Founded: 1982

Price Target and Rating

Average Stock Price Target: $18.50
High Stock Price Target: $20.00
Low Stock Price Target: $17.00
Potential Upside/Downside: +21.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.62
Trailing P/E Ratio: 5.81
Forward P/E Ratio: 7.07
P/E Growth: N/A
Net Income: $80.04 million
Net Margins: 19.84%
Pretax Margin: 28.40%
Return on Equity: 11.88%
Return on Assets: 1.08%

Debt

Debt-to-Equity Ratio: 0.65
Current Ratio: 1.01
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $403.51 million
Price / Sales: 1.14
Cash Flow: $3.08 per share
Price / Cash Flow: 4.94
Book Value: $23.09 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 30,280,000
Free Float: 29,840,000
Market Cap: $460.56 million
Optionable: Optionable
Beta: 0.95

Social Links

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Key Executives

Ms. Bonita I. Lee (Age 61)
President, CEO & Director
Comp: $1.56M
Mr. Romolo C. Santarosa (Age 68)
Senior EVP & CFO
Comp: $799.23k
Mr. Anthony I. Kim (Age 56)
Senior EVP & Chief Banking Officer
Comp: $533.98k
Mr. Matthew D. Fuhr (Age 61)
EVP & Chief Credit Officer
Comp: $483.92k
Mr. Michael Du (Age 50)
Senior VP & Chief Risk Officer
Comp: $362.28k
Mr. Joseph A. Pangrazio (Age 64)
Senior VP & Chief Accounting Officer
Ms. Vivian I. Kim (Age 42)
Executive VP, General Counsel & Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HAFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Hanmi Financial stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hanmi Financial in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HAFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HAFC, but not buy additional shares or sell existing shares.
View HAFC analyst ratings or view top-rated stocks.
What is Hanmi Financial's stock price target for 2024?: 2 Wall Street analysts have issued 12 month price objectives for Hanmi Financial's shares. Their HAFC share price targets range from $17.00 to $20.00. On average, they predict the company's stock price to reach $18.50 in the next twelve months. This suggests a possible upside of 21.6% from the stock's current price.
View analysts price targets for HAFC or view top-rated stocks among Wall Street analysts.
How have HAFC shares performed in 2024?: Hanmi Financial's stock was trading at $19.40 at the beginning of the year. Since then, HAFC shares have decreased by 21.6% and is now trading at $15.21.
View the best growth stocks for 2024 here.
When is Hanmi Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our HAFC earnings forecast.
How can I listen to Hanmi Financial's earnings call?: Hanmi Financial will be holding an earnings conference call on Tuesday, April 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Hanmi Financial's earnings last quarter?: Hanmi Financial Co. (NASDAQ:HAFC) released its quarterly earnings results on Tuesday, January, 23rd. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The bank had revenue of $59.82 million for the quarter, compared to analysts' expectations of $63.43 million. Hanmi Financial had a net margin of 19.84% and a trailing twelve-month return on equity of 11.88%.
How often does Hanmi Financial pay dividends? What is the dividend yield for Hanmi Financial?: Hanmi Financial declared a quarterly dividend on Thursday, January 25th. Investors of record on Monday, February 5th will be paid a dividend of $0.25 per share on Thursday, February 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Friday, February 2nd.
Read our dividend analysis for HAFC.

Is Hanmi Financial a good dividend stock?: Hanmi Financial (NASDAQ:HAFC) pays an annual dividend of $1.00 per share and currently has a dividend yield of 6.90%. HAFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 38.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAFC will have a dividend payout ratio of 44.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HAFC.
What ETF holds Hanmi Financial's stock?: Hypatia Women CEO ETF holds 2,230 shares of HAFC stock, representing 1.19% of its portfolio.
What is Jay S. Yoo's approval rating as Hanmi Financial's CEO?: 15 employees have rated Hanmi Financial Chief Executive Officer Jay S. Yoo on Glassdoor.com. Jay S. Yoo has an approval rating of 37% among the company's employees. This puts Jay S. Yoo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Hanmi Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Hanmi Financial investors own include General Mills (GIS), Harley-Davidson (HOG), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), CenterPoint Energy (CNP), CubeSmart (CUBE), Enterprise Products Partners (EPD), Energy Transfer (ET), Entravision Communications (EVC) and FactSet Research Systems (FDS).
Who are Hanmi Financial's major shareholders?: Hanmi Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.06%) and Allspring Global Investments Holdings LLC (0.06%). Insiders that own company stock include Harry Chung, Michael Yang and Romolo Santarosa.
View institutional ownership trends.
How do I buy shares of Hanmi Financial?: Shares of HAFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HAFC) was last updated on 4/20/2024 by MarketBeat.com Staff

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Hanmi Financial (HAFC) Stock Price, News & Analysis

Hanmi Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Hanmi Financial Stock (NASDAQ:HAFC)

HAFC Stock Price History

HAFC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

HAFC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™