Hanmi Financial (HAFC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $25.60 to $25.69
• 50-Day Range: $18.03 to $25.90
• 52-Week Range: $14.45 to $26.30
• Volume: 7,520 shs
• Average Volume: 231,232 shs
• Market Capitalization: $775.84 million
• P/E Ratio: 12.35
• Dividend Yield: 3.89%
• Price Target: $22.63
• Consensus Rating: Moderate Buy

Hanmi Financial Stock Analysis - MarketRank™

Hanmi Financial scored higher than 94% of companies evaluated by MarketBeat, and ranked 84th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Hanmi Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hanmi Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 14.50%

Earnings Growth

Earnings for Hanmi Financial are expected to grow by 14.50% in the coming year, from $2.00 to $2.29 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hanmi Financial is 12.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hanmi Financial is 12.19, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.18.

Price to Book Value per Share Ratio

Hanmi Financial has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.45% 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 2.2, 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 30.27%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Hanmi Financial is a leading dividend payer. It pays a dividend yield of 3.94%, 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 48.08%. 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 43.67% next year. This indicates that Hanmi Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -0.66

Percentage of Shares Shorted

1.45% 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 2.2, 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 30.27%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.64

News Sentiment

Hanmi Financial has a news sentiment score of 0.64. 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 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Hanmi Financial this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 1.62% 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.

HAFC Stock Analysis - Frequently Asked Questions

How have HAFC shares performed this year?

Hanmi Financial's stock was trading at $19.40 at the beginning of 2024. Since then, HAFC stock has increased by 30.7% and is now trading at $25.35.
View the best growth stocks for 2024 here.

How were Hanmi Financial's earnings last quarter?

Hanmi Financial Co. (NASDAQ:HAFC) announced its quarterly earnings data on Tuesday, October, 22nd. The bank reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The bank had revenue of $108.86 million for the quarter, compared to analysts' expectations of $59.23 million. Hanmi Financial had a net margin of 14.80% and a trailing twelve-month return on equity of 8.87%.

Who are Hanmi Financial's major shareholders?

Hanmi Financial's top institutional shareholders include State Street Corp (5.05%), FMR LLC (2.91%), Geode Capital Management LLC (2.42%) and Hotchkis & Wiley Capital Management LLC (2.12%). Insiders that own company stock include Romolo Santarosa, Harry Chung and Michael Yang.
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.

What other stocks do shareholders of Hanmi Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hanmi Financial investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 10/22/2024
• Ex-Dividend for 11/20 Dividend: 11/04/2024
• Dividend Payable: 11/20/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/28/2025

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: $22.63
• High Stock Price Target: $25.50
• Low Stock Price Target: $21.00
• Potential Upside/Downside: -10.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.08
• Trailing P/E Ratio: 12.19
• Forward P/E Ratio: 12.68
• P/E Growth: N/A
• Net Income: $80.04 million
• Net Margins: 14.80%
• Pretax Margin: 21.27%
• Return on Equity: 8.87%
• Return on Assets: 0.83%

Debt

• Debt-to-Equity Ratio: 0.58
• Current Ratio: 1.00
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $232.51 million
• Price / Sales: 3.29
• Cash Flow: $2.90 per share
• Price / Cash Flow: 8.73
• Book Value: $23.09 per share
• Price / Book: 1.10

Miscellaneous

• Outstanding Shares: 30,196,000
• Free Float: 29,707,000
• Market Cap: $765.47 million
• Optionable: Optionable
• Beta: 0.84