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 2 hold ratings and 1 buy rating 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?

3 equities research analysts have issued 12-month target prices for Hanmi Financial's shares. Their HAFC share price targets range from $16.00 to $29.00. On average, they expect the company's share price to reach $21.25 in the next twelve months. This suggests a possible upside of 15.2% 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 stock has decreased by 25.5% and is now trading at $18.45. 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, January 23rd 2024. View our HAFC earnings forecast .

How were Hanmi Financial's earnings last quarter?

Hanmi Financial Co. (NASDAQ:HAFC) announced its quarterly earnings results on Tuesday, October, 24th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The bank earned $66.08 million during the quarter, compared to the consensus estimate of $62.67 million. Hanmi Financial had a net margin of 23.09% and a trailing twelve-month return on equity of 13.66%.

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

Hanmi Financial announced a quarterly dividend on Thursday, October 26th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.25 per share on Wednesday, November 22nd. This represents a $1.00 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Friday, November 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 5.45%. 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 34.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAFC will have a dividend payout ratio of 42.02% 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?

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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (6.76%), LSV Asset Management (3.97%), Massachusetts Financial Services Co. MA (3.58%), Charles Schwab Investment Management Inc. (2.96%), AQR Capital Management LLC (1.28%) and American Century Companies Inc. (1.18%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Positive News SentimentPositive News

Hanmi Financial Stock Price, News & Analysis (NASDAQ:HAFC)

$18.45

+0.10 (+0.54%)

(As of 12/8/2023 ET)

Compare

Today's Range: $18.37
▼
$18.71
50-Day Range: $13.99
▼
$18.45
52-Week Range: $13.35
▼
$25.95

Volume: 114,324 shs
Average Volume: 129,200 shs
Market Capitalization: $560.70 million

P/E Ratio: 6.28
Dividend Yield: 5.42%
Price Target: $21.25

Hanmi Financial MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 15.2% Upside
$21.25 Price Target
Short Interest: Bearish
2.11% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.63
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Acquiring Shares
$14,230 Bought Last Quarter
Proj. Earnings Growth: -8.11%
From $2.59 to $2.38 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Finance Sector

225th out of 826 stocks

National Commercial Banks Industry

22nd out of 77 stocks

2.2

Analyst's Opinion

Consensus Rating
Hanmi Financial has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.25, Hanmi Financial has a forecasted upside of 15.2% from its current price of $18.45.
Amount of Analyst Coverage
Hanmi Financial has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.11% 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 4.
Change versus previous month
Short interest in Hanmi Financial has recently increased by 7.14%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Hanmi Financial is a leading dividend payer. It pays a dividend yield of 5.45%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hanmi Financial has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Hanmi Financial is 34.01%. 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 42.02% next year. This indicates that Hanmi Financial will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hanmi Financial has received a 26.04% 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 -0.63.

2.7

News and Social Media Coverage

News Sentiment
Hanmi Financial has a news sentiment score of 1.82. 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 0.61 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Hanmi Financial this week, compared to 2 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hanmi Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $14,230.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.44% of the stock of Hanmi Financial is held by insiders.
Percentage Held by Institutions
88.03% of the stock of Hanmi Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Hanmi Financial are expected to decrease by -8.11% in the coming year, from $2.59 to $2.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hanmi Financial is 6.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hanmi Financial is 6.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 35.72.
Price to Book Value per Share Ratio
Hanmi Financial has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

HAFC Stock News Headlines

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

December 10, 2023 | Autonomix (Ad)

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November 2, 2023 | finance.yahoo.com

Hanmi Financial (NASDAQ:HAFC) Has Announced A Dividend Of $0.25

October 27, 2023 | benzinga.com

Hanmi Financial's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

October 25, 2023 | finance.yahoo.com

Aehr Test Systems (AYB.F)

October 25, 2023 | finance.yahoo.com

Hanmi Financial (HAFC) Loses -10.44% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

October 25, 2023 | finance.yahoo.com

Hanmi Financial Corporation (NASDAQ:HAFC) Q3 2023 Earnings Call Transcript

December 10, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

October 25, 2023 | finanznachrichten.de

Hanmi Bank: Hanmi Reports 2023 Third Quarter Results

October 24, 2023 | finance.yahoo.com

Compared to Estimates, Hanmi Financial (HAFC) Q3 Earnings: A Look at Key Metrics

October 24, 2023 | seekingalpha.com

Hanmi Financial Corporation 2023 Q3 - Results - Earnings Call Presentation

October 24, 2023 | finance.yahoo.com

Hanmi Reports 2023 Third Quarter Results

October 23, 2023 | finance.yahoo.com

Down -8.51% in 4 Weeks, Here's Why Hanmi Financial (HAFC) Looks Ripe for a Turnaround

October 22, 2023 | finance.yahoo.com

Hanmi Financial (NASDAQ:HAFC) shareholders have earned a 22% CAGR over the last three years

October 10, 2023 | finance.yahoo.com

Hanmi Financial Corporation Announces Third Quarter 2023 Earnings and Conference Call Date

October 4, 2023 | finance.yahoo.com

Are Investors Undervaluing Hanmi Financial (HAFC) Right Now?

October 3, 2023 | benzinga.com

American Banker names Bonnie Lee as one of 2023's The Most Powerful Women to Watch™ honorees

October 3, 2023 | finance.yahoo.com

American Banker names Bonnie Lee as one of 2023’s The Most Powerful Women to Watch™ honorees

September 20, 2023 | benzinga.com

SHAREHOLDER ALERT: Morris Kandinov Investigating EBS, JRVR, EGIO, and HAFC; Shareholders are Encouraged to Contact the Firm

September 16, 2023 | investing.com

Hanmi Pharm Co Ltd (128940)

August 20, 2023 | omaha.com

Channeling the ghost of Benjamin Graham for words of wisdom

August 16, 2023 | benzinga.com

SHAREHOLDER ALERT: Morris Kandinov Investigating HAFC, CVNA, PEGA, and NLTX; Shareholders are Encouraged to Contact the Firm

August 3, 2023 | msn.com

Hanmi Financial (HAFC) Price Target Increased by 9.47% to 21.22

August 2, 2023 | finance.yahoo.com

Hanmi Financial's (NASDAQ:HAFC) Dividend Will Be $0.25

August 1, 2023 | finance.yahoo.com

Hanmi Financial Corporation (NASDAQ:HAFC) Passed Our Checks, And It's About To Pay A US$0.25 Dividend

July 27, 2023 | msn.com

Wedbush Maintains Hanmi Financial (HAFC) Neutral Recommendation

See More Headlines

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Company Calendar

Last Earnings: 10/24/2023
Ex-Dividend for 11/22 Dividend: 11/03/2023
Dividend Payable: 11/22/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/23/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
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: 619
Year Founded: 1982

Price Target and Rating

Average Stock Price Target: $21.25
High Stock Price Target: $29.00
Low Stock Price Target: $16.00
Potential Upside/Downside: +15.2%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.94
Trailing P/E Ratio: 6.28
Forward P/E Ratio: 7.12
P/E Growth: N/A
Net Income: $101.39 million
Net Margins: 23.09%
Pretax Margin: 32.16%
Return on Equity: 13.66%
Return on Assets: 1.22%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 0.98
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $308.01 million
Price / Sales: 1.82
Cash Flow: $3.84 per share
Price / Cash Flow: 4.80
Book Value: $20.91 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 30,390,000
Free Float: 29,956,000
Market Cap: $560.70 million
Optionable: Optionable
Beta: 0.99

Social Links

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Key Executives

Ms. Bonita I. Lee (Age 60)
President, CEO & Director
Comp: $1.56M
Mr. Romolo C. Santarosa (Age 67)
Senior EVP & CFO
Comp: $799.23k
Mr. Anthony I. Kim (Age 55)
Senior EVP & Chief Banking Officer
Comp: $533.98k
Mr. Matthew D. Fuhr (Age 60)
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 63)
Senior VP & Chief Accounting Officer
Ms. Vivian I. Kim (Age 41)
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?: 3 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 and 1 buy rating 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?: 3 equities research analysts have issued 12-month target prices for Hanmi Financial's shares. Their HAFC share price targets range from $16.00 to $29.00. On average, they expect the company's share price to reach $21.25 in the next twelve months. This suggests a possible upside of 15.2% 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 stock has decreased by 25.5% and is now trading at $18.45.
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, January 23rd 2024.
View our HAFC earnings forecast.
How were Hanmi Financial's earnings last quarter?: Hanmi Financial Co. (NASDAQ:HAFC) announced its quarterly earnings results on Tuesday, October, 24th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The bank earned $66.08 million during the quarter, compared to the consensus estimate of $62.67 million. Hanmi Financial had a net margin of 23.09% and a trailing twelve-month return on equity of 13.66%.
How often does Hanmi Financial pay dividends? What is the dividend yield for Hanmi Financial?: Hanmi Financial announced a quarterly dividend on Thursday, October 26th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.25 per share on Wednesday, November 22nd. This represents a $1.00 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Friday, November 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 5.45%. 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 34.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAFC will have a dividend payout ratio of 42.02% 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?: 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (6.76%), LSV Asset Management (3.97%), Massachusetts Financial Services Co. MA (3.58%), Charles Schwab Investment Management Inc. (2.96%), AQR Capital Management LLC (1.28%) and American Century Companies Inc. (1.18%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:HAFC) was last updated on 12/10/2023 by MarketBeat.com Staff

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Hanmi Financial Stock Price, News & Analysis (NASDAQ:HAFC)

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

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^™