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NASDAQ:HAFC

Hanmi Financial (HAFC) Stock Price, News & Analysis

$15.15
+0.02 (+0.13%)
(As of 02:15 PM ET)
Today's Range
$15.11
$15.54
50-Day Range
$14.85
$20.12
52-Week Range
$13.35
$23.70
Volume
94,280 shs
Average Volume
284,347 shs
Market Capitalization
$460.41 million
P/E Ratio
5.78
Dividend Yield
6.60%
Price Target
$18.50

Hanmi Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
22.1% Upside
$18.50 Price Target
Short Interest
Healthy
2.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.85mentions of Hanmi Financial in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.94%
From $2.16 to $2.31 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.

4.56 out of 5 stars

Finance Sector

156th out of 873 stocks

National Commercial Banks Industry

26th out of 88 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, interest-bearing checking and 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, as well as international finance, and trade services and products comprising letters of credit, and import and export financing. In addition, it offers consumer loans, secured and unsecured loans, home equity loans, residential mortgages, and credit cards; finance lending to small and middle market businesses; and 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

The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
HAFC Mar 2024 20.000 call
New Strong Sell Stocks for January 29th
James Marasco Appointed to the Board of Hanmi Financial Corporation
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Hanmi Financial (HAFC) Receives a Hold from KBW
Hanmi Reports 2023 Fourth Quarter and Full Year Results
Hanmi Financial Corp.
Earnings Preview For Hanmi Financial
Hanmi Financial Corp HAFC
Aehr Test Systems (AYB.F)
Hanmi Bank: Hanmi Reports 2023 Third Quarter Results
See More Headlines
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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
2/29/2024
Next Earnings (Estimated)
4/23/2024
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
619
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
+22.3%
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
$3.79 per share
Book Value
$23.09 per share

Miscellaneous

Free Float
29,950,000
Market Cap
$459.80 million
Optionable
Optionable
Beta
0.98

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














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 twelve months. 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 equities research analysts have issued 12 month price targets for Hanmi Financial's stock. Their HAFC share price targets range from $17.00 to $20.00. On average, they anticipate the company's stock price to reach $18.50 in the next year. This suggests a possible upside of 22.1% 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 2024?

Hanmi Financial's stock was trading at $19.40 at the beginning of the year. Since then, HAFC stock has decreased by 21.9% and is now trading at $15.15.
View the best growth stocks for 2024 here
.

Are investors shorting Hanmi Financial?

Hanmi Financial saw a increase in short interest in February. As of February 15th, there was short interest totaling 661,700 shares, an increase of 49.1% from the January 31st total of 443,700 shares. Based on an average daily volume of 249,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.2% of the shares of the stock 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, April 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, January, 23rd. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The bank earned $59.82 million during the quarter, compared to the consensus estimate of $63.43 million. Hanmi Financial had a trailing twelve-month return on equity of 11.88% and a net margin of 19.84%.

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. Stockholders 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 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend 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 6.56%. 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 43.29% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.23%), Dimensional Fund Advisors LP (6.81%), LSV Asset Management (3.82%), Charles Schwab Investment Management Inc. (2.98%), Hotchkis & Wiley Capital Management LLC (2.06%) and Goldman Sachs Group Inc. (1.92%). 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 2/29/2024 by MarketBeat.com Staff