NASDAQ:HAFC

Hanmi Financial (HAFC) Stock Price, News & Analysis

$15.95
+0.32 (+2.05%)
(As of 11:56 AM ET)
Today's Range
$15.65
$15.96
50-Day Range
$14.48
$15.92
52-Week Range
$13.35
$20.31
Volume
49,434 shs
Average Volume
281,501 shs
Market Capitalization
$482.97 million
P/E Ratio
6.65
Dividend Yield
6.27%
Price Target
$17.33

Hanmi Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.9% Upside
$17.33 Price Target
Short Interest
Healthy
3.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.25mentions of Hanmi Financial in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.24%
From $2.10 to $2.21 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.

4.59 out of 5 stars

Finance Sector

147th out of 864 stocks

National Commercial Banks Industry

24th out of 85 stocks

HAFC stock logo

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

HAFC Stock News Headlines

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Hanmi Bank: Hanmi Reports 2024 First Quarter Results
Piper Sandler Keeps Their Hold Rating on Hanmi Financial (HAFC)
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Hanmi Reports 2024 First Quarter Results
Hanmi Financial earnings: here's what Wall Street expects
Hanmi Releases 2023 Annual Shareholder Letter
SCHD: The Rebalance Is Complete
HAFC Mar 2024 20.000 call
New Strong Sell Stocks for January 29th
James Marasco Appointed to the Board of Hanmi Financial Corporation
See More Headlines
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Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 2/22 Dividend
2/02/2024
Dividend Payable
2/22/2024
Today
4/26/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:HAFC
Previous Symbol
NASDAQ:HAFCD
CUSIP
41049520
Employees
615
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$17.33
High Stock Price Target
$18.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+10.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$80.04 million
Pretax Margin
28.40%

Debt

Sales & Book Value

Annual Sales
$403.51 million
Cash Flow
$2.94 per share
Book Value
$23.09 per share

Miscellaneous

Free Float
29,786,000
Market Cap
$473.28 million
Optionable
Optionable
Beta
0.95

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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

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 brokerages have issued 1-year price objectives for Hanmi Financial's shares. Their HAFC share price targets range from $17.00 to $18.00. On average, they expect the company's stock price to reach $17.33 in the next twelve months. This suggests a possible upside of 10.9% 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 start of the year. Since then, HAFC stock has decreased by 19.4% and is now trading at $15.63.
View the best growth stocks for 2024 here
.

Are investors shorting Hanmi Financial?

Hanmi Financial saw a decline in short interest in April. As of April 15th, there was short interest totaling 1,000,000 shares, a decline of 7.4% from the March 31st total of 1,080,000 shares. Based on an average daily trading volume, of 300,300 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.4% of the company's shares are sold short.
View Hanmi Financial's Short Interest
.

When is Hanmi Financial's next earnings date?

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

How were Hanmi Financial's earnings last quarter?

Hanmi Financial Co. (NASDAQ:HAFC) released its earnings results on Tuesday, October, 26th. The bank reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.28. The bank had revenue of $62.49 million for the quarter, compared to the consensus estimate of $56.73 million. Hanmi Financial had a net margin of 17.63% and a trailing twelve-month return on equity of 10.70%. During the same quarter in the previous year, the firm earned $0.53 earnings per share.

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

Hanmi Financial declared a quarterly dividend on Thursday, April 25th. Shareholders of record on Monday, May 6th will be given a dividend of $0.25 per share on Wednesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Friday, May 3rd.
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 6.61%. HAFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAFC will have a dividend payout ratio of 45.25% 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?
Who are Hanmi Financial's major shareholders?

Hanmi Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (1.46%), 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 4/26/2024 by MarketBeat.com Staff

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