NASDAQ:HAFC Hanmi Financial (HAFC) Stock Forecast, Price & News $15.88 +1.17 (+7.95%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$14.86▼$15.9350-Day Range$13.73▼$19.1952-Week Range$13.35▼$27.35Volume175,461 shsAverage Volume204,468 shsMarket Capitalization$485.13 millionP/E Ratio4.73Dividend Yield6.30%Price Target$24.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Hanmi Financial MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside51.1% Upside$24.00 Price TargetShort InterestHealthy2.62% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.70Upright™ Environmental ScoreNews Sentiment1.32Based on 2 Articles This WeekInsider TradingAcquiring Shares$42,180 Bought Last QuarterProj. Earnings Growth-1.87%From $2.68 to $2.63 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.88 out of 5 starsFinance Sector182nd out of 874 stocksNational Commercial Banks Industry26th out of 84 stocks 3.3 Analyst's Opinion Consensus RatingHanmi Financial has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.00, Hanmi Financial has a forecasted upside of 51.1% from its current price of $15.88.Amount of Analyst CoverageHanmi Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.62% of the float of Hanmi Financial has been sold short.Short Interest Ratio / Days to CoverHanmi Financial has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Hanmi Financial has recently increased by 14.52%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipHanmi Financial is a leading dividend payer. It pays a dividend yield of 6.94%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHanmi Financial has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Hanmi Financial is 29.76%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Hanmi Financial will have a dividend payout ratio of 38.02% next year. This indicates that Hanmi Financial will be able to sustain or increase its dividend. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreHanmi Financial has received a 27.81% 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", "Online banking", "Consumer savings accounts provided by brick and mortar banks", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.Environmental SustainabilityThe Environmental Impact score for Hanmi Financial is -0.70. Previous Next 2.4 News and Social Media Coverage News SentimentHanmi Financial has a news sentiment score of 1.32. 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 higher news sentiment than the 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Hanmi Financial this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for HAFC on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hanmi Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $42,180.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.44% of the stock of Hanmi Financial is held by insiders.Percentage Held by Institutions88.75% of the stock of Hanmi Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Hanmi Financial are expected to decrease by -1.87% in the coming year, from $2.68 to $2.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Hanmi Financial is 4.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.16.Price to Earnings Ratio vs. SectorThe P/E ratio of Hanmi Financial is 4.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 159.64.Price to Book Value per Share RatioHanmi Financial has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Hanmi Financial (NASDAQ:HAFC) StockHanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. It offers checking, money market and savings, treasury management, and loans. The company was founded in 1982 and is headquartered in Los Angeles, CA.Read More Receive HAFC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Hanmi Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address HAFC Stock News HeadlinesMay 7, 2023 | americanbankingnews.comHarry Chung Acquires 3,000 Shares of Hanmi Financial Co. (NASDAQ:HAFC) StockMay 4, 2023 | msn.comHanmi Financial: Over 6% Dividend Yield, But Risks Are Too HighJune 2, 2023 | Behind the Markets (Ad)"How war impacts the stock market"Russia's invasion of Ukraine has already sent the stock market down 10%. But that's just the opening act for the new Russia-China Alliance. There's a major event involving China that's heating up... and it could boil over as soon as April 16th, 2023. Click Here to Learn How to Protect Your RetirementMay 2, 2023 | msn.comThursday Is Your Last Chance To Buy Hanmi Financial Before The Dividend PayoutMay 2, 2023 | msn.comPiper Sandler Maintains Hanmi Financial (HAFC) Neutral RecommendationMay 2, 2023 | finance.yahoo.comHere's What We Like About Hanmi Financial's (NASDAQ:HAFC) Upcoming DividendMay 2, 2023 | americanbankingnews.comHanmi Financial (NASDAQ:HAFC) Price Target Cut to $17.00 by Analysts at Piper SandlerMay 2, 2023 | finance.yahoo.comHanmi Financial Corporation (NASDAQ:HAFC) Q1 2023 Earnings Call TranscriptJune 2, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 1, 2023 | msn.comJonesTrading Downgrades Hanmi Financial (HAFC)April 29, 2023 | msn.comHanmi Financial (HAFC) Declares $0.25 DividendApril 27, 2023 | msn.comWedbush Reiterates Hanmi Financial (HAFC) Neutral RecommendationApril 27, 2023 | americanbankingnews.comAnalysts Offer Predictions for Hanmi Financial Co.'s Q2 2023 Earnings (NASDAQ:HAFC)April 27, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Hanmi Financial Co. (NASDAQ:HAFC) Decreased by WedbushApril 26, 2023 | finanznachrichten.deHanmi Bank: Hanmi Reports 2023 First Quarter ResultsApril 26, 2023 | finance.yahoo.comHanmi Financial (HAFC) Lags Q1 Earnings and Revenue EstimatesApril 25, 2023 | finance.yahoo.comHanmi Reports 2023 First Quarter ResultsApril 24, 2023 | markets.businessinsider.comHanmi Financial earnings preview: what Wall Street is expectingApril 23, 2023 | americanbankingnews.comHanmi Financial (HAFC) to Release Quarterly Earnings on TuesdayApril 20, 2023 | finance.yahoo.comHANMI Releases 2022 Annual Shareholder LetterApril 20, 2023 | finance.yahoo.comInvesting in Hanmi Financial (NASDAQ:HAFC) three years ago would have delivered you a 92% gainApril 12, 2023 | finance.yahoo.comHanmi Financial Corporation Announces First Quarter 2023 Earnings and Conference Call DateApril 9, 2023 | americanbankingnews.comHanmi Financial (NASDAQ:HAFC) PT Lowered to $23.00 at Keefe, Bruyette & WoodsApril 7, 2023 | msn.comKeefe, Bruyette & Woods Maintains Hanmi Financial (HAFC) Market Perform RecommendationApril 2, 2023 | americanbankingnews.comHanmi Financial Co. (NASDAQ:HAFC) Short Interest Up 19.9% in MarchMarch 31, 2023 | americanbankingnews.comFY2024 EPS Estimates for Hanmi Financial Co. Cut by Wedbush (NASDAQ:HAFC)March 30, 2023 | americanbankingnews.comHanmi Financial Co. to Post Q1 2023 Earnings of $0.72 Per Share, Wedbush Forecasts (NASDAQ:HAFC)See More Headlines HAFC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HAFC Company Calendar Last Earnings10/26/2021Ex-Dividend for 5/24 Dividend5/05/2023Dividend Payable5/24/2023Today6/02/2023Next Earnings (Estimated)7/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:HAFC Previous SymbolNASDAQ:HAFCD CUSIP41049520 CIK1109242 Webwww.hanmi.com Phone(213) 382-2200Fax302-636-5454Employees586Year Founded1982Price Target and Rating Average Stock Price Forecast$24.00 High Stock Price Forecast$29.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+51.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.36 Trailing P/E Ratio4.73 Forward P/E Ratio5.93 P/E GrowthN/ANet Income$101.39 million Net Margins30.36% Pretax Margin42.23% Return on Equity16.26% Return on Assets1.42% Debt Debt-to-Equity Ratio0.72 Current Ratio1.00 Quick Ratio1.00 Sales & Book Value Annual Sales$308.01 million Price / Sales1.58 Cash Flow$4.21 per share Price / Cash Flow3.77 Book Value$21.68 per share Price / Book0.73Miscellaneous Outstanding Shares30,550,000Free Float30,106,000Market Cap$485.13 million OptionableOptionable Beta0.94 Social Links Key ExecutivesBonita I. LeePresident, Chief Executive Officer & DirectorRomolo C. SantarosaChief Financial Officer & Senior Executive VPMatthew D. FuhrChief Credit Administrative Officer & Executive VPAnthony KimChief Banking Officer & Executive Vice PresidentMin S. ParkChief Credit Risk Officer & EVPKey CompetitorsCamden NationalNASDAQ:CACAmerican National BanksharesNASDAQ:AMNBFirst BancorpNASDAQ:FNLCFinancial InstitutionsNASDAQ:FISIFirst of Long IslandNASDAQ:FLICView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 32,172 shares on 5/22/2023Ownership: 0.827%Putnam Investments LLCSold 1,000 shares on 5/22/2023Ownership: 0.077%JPMorgan Chase & Co.Bought 59,196 shares on 5/18/2023Ownership: 0.467%New York State Common Retirement FundSold 13,875 shares on 5/18/2023Ownership: 0.105%Thrivent Financial for LutheransSold 177,556 shares on 5/17/2023Ownership: 0.691%View All Insider TransactionsView All Institutional Transactions HAFC Stock - Frequently Asked Questions Should I buy or sell Hanmi Financial stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hanmi Financial in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HAFC shares. View HAFC analyst ratings or view top-rated stocks. What is Hanmi Financial's stock price forecast for 2023? 3 analysts have issued 1-year price objectives for Hanmi Financial's shares. Their HAFC share price forecasts range from $17.00 to $29.00. On average, they predict the company's share price to reach $24.00 in the next year. This suggests a possible upside of 51.1% 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 2023? Hanmi Financial's stock was trading at $24.75 at the beginning of 2023. Since then, HAFC shares have decreased by 35.8% and is now trading at $15.88. View the best growth stocks for 2023 here. When is Hanmi Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023. View our HAFC earnings forecast. How were Hanmi Financial's earnings last quarter? Hanmi Financial Co. (NASDAQ:HAFC) posted its quarterly earnings data on Tuesday, October, 26th. The bank reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.28. The bank had revenue of $62.49 million for the quarter, compared to analysts' expectations of $56.73 million. Hanmi Financial had a net margin of 30.36% and a trailing twelve-month return on equity of 16.26%. During the same period in the prior 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 announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Monday, May 8th will be given a dividend of $0.25 per share on Wednesday, May 24th. This represents a $1.00 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date is Friday, May 5th. Read our dividend analysis for HAFC. What ETFs hold Hanmi Financial's stock? ETFs with the largest weight of Hanmi Financial (NASDAQ:HAFC) stock in their portfolio include Hypatia Women Ceo ETF (WCEO), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco S&P SmallCap Value with Momentum ETF (XSVM), iShares US Small Cap Value Factor ETF (SVAL), First Trust NASDAQ ABA Community Bank Index Fund (QABA) and Hartford Multifactor Small Cap ETF (ROSC). 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 6.94%. HAFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAFC will have a dividend payout ratio of 38.02% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HAFC. 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). What is Hanmi Financial's stock symbol? Hanmi Financial trades on the NASDAQ under the ticker symbol "HAFC." Who are Hanmi Financial's major shareholders? Hanmi Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.75%), FMR LLC (8.97%), Dimensional Fund Advisors LP (7.89%), State Street Corp (4.89%), LSV Asset Management (4.07%) and Charles Schwab Investment Management Inc. (2.78%). Insiders that own company stock include Harry Chung, John J Ahn 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Hanmi Financial's stock price today? One share of HAFC stock can currently be purchased for approximately $15.88. How much money does Hanmi Financial make? Hanmi Financial (NASDAQ:HAFC) has a market capitalization of $485.13 million and generates $308.01 million in revenue each year. The bank earns $101.39 million in net income (profit) each year or $3.36 on an earnings per share basis. How many employees does Hanmi Financial have? The company employs 586 workers across the globe. How can I contact Hanmi Financial? Hanmi Financial's mailing address is 3660 WILSHIRE BLVD SUITE PH-A, LOS ANGELES CA, 90010. The official website for the company is www.hanmi.com. The bank can be reached via phone at (213) 382-2200, via email at lglassen@addoir.com, or via fax at 302-636-5454. This page (NASDAQ:HAFC) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Hanmi Financial Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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