NASDAQ:HAFC - Hanmi Financial Stock Price, News, & Analysis

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$20.48 -0.67 (-3.17 %)
(As of 03/21/2019 02:22 AM ET)
Previous Close$21.15
Today's Range$20.38 - $21.22
52-Week Range$17.56 - $31.95
Volume287,800 shs
Average Volume208,548 shs
Market Capitalization$633.30 million
P/E Ratio10.78
Dividend Yield4.54%
Beta1
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company 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. It also provides real estate loans, including 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, the company offers consumer loans that include automobile loans, secured and unsecured personal loans, home improvement loans, home equity lines of credit, unsecured lines of credit, and credit cards; 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. As of January 15, 2019, it operated a network of 39 full-service branches and 9 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. The company was founded in 2000 and is headquartered in Los Angeles, California.

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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HAFC
Previous SymbolNASDAQ:HAFCD
CUSIP41049520
Phone213-382-2200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$258.92 million
Cash Flow$2.0941 per share
Book Value$17.39 per share

Profitability

Net Income$57.87 million

Miscellaneous

Employees635
Market Cap$633.30 million
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

Hanmi Financial (NASDAQ:HAFC) Frequently Asked Questions

What is Hanmi Financial's stock symbol?

Hanmi Financial trades on the NASDAQ under the ticker symbol "HAFC."

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

Hanmi Financial declared a quarterly dividend on Tuesday, January 15th. Shareholders of record on Wednesday, January 30th will be given a dividend of $0.24 per share on Thursday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, January 29th. View Hanmi Financial's Dividend History.

How will Hanmi Financial's stock buyback program work?

Hanmi Financial declared that its Board of Directors has initiated a stock repurchase program on Thursday, January 24th 2019, which permits the company to repurchase 1,500,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Hanmi Financial's earnings last quarter?

Hanmi Financial Corp (NASDAQ:HAFC) posted its earnings results on Tuesday, January, 15th. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.51 by $0.05. The bank earned $51.95 million during the quarter, compared to the consensus estimate of $51.95 million. Hanmi Financial had a net margin of 22.35% and a return on equity of 10.74%. During the same quarter in the prior year, the business earned $0.48 earnings per share. View Hanmi Financial's Earnings History.

When is Hanmi Financial's next earnings date?

Hanmi Financial is scheduled to release their next quarterly earnings announcement on Tuesday, April 23rd 2019. View Earnings Estimates for Hanmi Financial.

What price target have analysts set for HAFC?

3 brokerages have issued 12-month price targets for Hanmi Financial's stock. Their forecasts range from $23.00 to $28.00. On average, they anticipate Hanmi Financial's stock price to reach $25.50 in the next year. This suggests a possible upside of 24.5% from the stock's current price. View Analyst Price Targets for Hanmi Financial.

What is the consensus analysts' recommendation for Hanmi Financial?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanmi Financial in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hanmi Financial.

Has Hanmi Financial been receiving favorable news coverage?

Media headlines about HAFC stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Hanmi Financial earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.

Who are some of Hanmi Financial's key competitors?

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 MONDI/PAR VTG FPD 0.2 (MNDI), CubeSmart (CUBE), Entravision Communication (EVC), JPMorgan Chase & Co. (JPM), Thermo Fisher Scientific (TMO), Mattel (MAT), FactSet Research Systems (FDS), General Mills (GIS), Masco (MAS) and Twitter (TWTR).

Who are Hanmi Financial's key executives?

Hanmi Financial's management team includes the folowing people:
  • Mr. Chong Guk Kum, CEO & Director (Age 64)
  • Ms. Bonita I. Lee, Pres & COO (Age 56)
  • Mr. Romolo C. Santanrosa, Sr. EVP & CFO (Age 63)
  • Ms. Jean Lim, Chief Risk Officer & Exec. VP of Hanmi Bank (Age 56)
  • Mr. Richard Pimentel, SVP & Corp. Fin. Officer

Who are Hanmi Financial's major shareholders?

Hanmi Financial's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.85%), Dimensional Fund Advisors LP (7.93%), FMR LLC (7.57%), LSV Asset Management (4.76%), Boston Partners (3.21%) and Massachusetts Financial Services Co. MA (2.57%). Company insiders that own Hanmi Financial stock include John J Ahn, Joon Hyung Lee and Scott Diehl. View Institutional Ownership Trends for Hanmi Financial.

Which major investors are selling Hanmi Financial stock?

HAFC stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, Keeley Teton Advisors LLC, Martingale Asset Management L P, D. E. Shaw & Co. Inc., First Trust Advisors LP, Two Sigma Investments LP, Brandywine Global Investment Management LLC and Bessemer Group Inc.. View Insider Buying and Selling for Hanmi Financial.

Which major investors are buying Hanmi Financial stock?

HAFC stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Massachusetts Financial Services Co. MA, Dimensional Fund Advisors LP, LSV Asset Management, Boston Partners, Bank of New York Mellon Corp, Municipal Employees Retirement System of Michigan and Royce & Associates LP. Company insiders that have bought Hanmi Financial stock in the last two years include John J Ahn and Scott Diehl. View Insider Buying and Selling for Hanmi Financial.

How do I buy shares of Hanmi Financial?

Shares of HAFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Hanmi Financial's stock price today?

One share of HAFC stock can currently be purchased for approximately $20.48.

How big of a company is Hanmi Financial?

Hanmi Financial has a market capitalization of $633.30 million and generates $258.92 million in revenue each year. The bank earns $57.87 million in net income (profit) each year or $1.90 on an earnings per share basis. Hanmi Financial employs 635 workers across the globe.

What is Hanmi Financial's official website?

The official website for Hanmi Financial is http://www.hanmi.com.

How can I contact Hanmi Financial?

Hanmi Financial's mailing address is 3660 WILSHIRE BLVD SUITE PH-A, LOS ANGELES CA, 90010. The bank can be reached via phone at 213-382-2200 or via email at [email protected]


MarketBeat Community Rating for Hanmi Financial (NASDAQ HAFC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  260 (Vote Outperform)
Underperform Votes:  297 (Vote Underperform)
Total Votes:  557
MarketBeat's community ratings are surveys of what our community members think about Hanmi Financial and other stocks. Vote "Outperform" if you believe HAFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HAFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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