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NASDAQ:HAFCHanmi Financial Stock Price, Forecast & News

$10.75
+0.66 (+6.54 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$10.67
Now: $10.75
$11.14
50-Day Range
$7.80
MA: $9.60
$12.65
52-Week Range
$7.15
Now: $10.75
$22.60
Volume327,238 shs
Average Volume351,259 shs
Market Capitalization$329.17 million
P/E Ratio16.04
Dividend Yield4.76%
Beta1.26
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 24, 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 incorporated in 2000 and is headquartered in Los Angeles, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.72 out of 5 stars


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$274.32 million
Cash Flow$1.45 per share
Book Value$18.10 per share

Profitability

Net Income$32.79 million

Miscellaneous

Employees635
Market Cap$329.17 million
Next Earnings Date10/2/2020 (Estimated)
OptionableOptionable

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Hanmi Financial (NASDAQ:HAFC) Frequently Asked Questions

How has Hanmi Financial's stock been impacted by COVID-19 (Coronavirus)?

Hanmi Financial's stock was trading at $13.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HAFC stock has decreased by 19.7% and is now trading at $10.75. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Hanmi Financial?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanmi Financial in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Hanmi Financial.

When is Hanmi Financial's next earnings date?

Hanmi Financial is scheduled to release its next quarterly earnings announcement on Friday, October 2nd 2020. View our earnings forecast for Hanmi Financial.

How were Hanmi Financial's earnings last quarter?

Hanmi Financial Corp (NASDAQ:HAFC) posted its quarterly earnings data on Thursday, April, 30th. The bank reported $0.08 EPS for the quarter, missing the consensus estimate of $0.30 by $0.22. The bank earned $50.20 million during the quarter, compared to analyst estimates of $49.26 million. Hanmi Financial had a net margin of 7.56% and a return on equity of 3.63%. View Hanmi Financial's earnings history.

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

Hanmi Financial announced a quarterly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be given a dividend of $0.12 per share on Friday, May 29th. This represents a $0.48 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Friday, May 8th. View Hanmi Financial's dividend history.

How will Hanmi Financial's stock buyback program work?

Hanmi Financial announced that its board has authorized a stock repurchase plan on Thursday, January 24th 2019, which allows the company to repurchase 1,500,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

What price target have analysts set for HAFC?

1 analysts have issued 1-year target prices for Hanmi Financial's shares. Their forecasts range from $21.50 to $21.50. On average, they expect Hanmi Financial's share price to reach $21.50 in the next year. This suggests a possible upside of 100.0% from the stock's current price. View analysts' price targets for Hanmi Financial.

Has Hanmi Financial been receiving favorable news coverage?

News articles about HAFC stock have been trending very negative on Saturday, according to InfoTrie. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hanmi Financial earned a media sentiment score of -3.1 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutHanmi Financial.

Who are some of Hanmi Financial's key competitors?

What other stocks do shareholders of Hanmi Financial own?

Who are Hanmi Financial's key executives?

Hanmi Financial's management team includes the following people:
  • Ms. Bonita I. Lee, Pres, CEO & Director (Age 56)
  • Mr. Romolo C. Santarosa, Sr. EVP & CFO (Age 63)
  • Ms. Jean Lim, Chief Risk Officer & Exec. VP of Hanmi Bank (Age 56)
  • Mr. Matthew D. Fuhr, Exec. VP & Chief Credit Admin. Officer of Hanmi Bank (Age 56)
  • Vivian I. Kim, Sr. VP, Gen. Counsel & Corp. Sec.

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 investors include BlackRock Inc. (14.96%), Massachusetts Financial Services Co. MA (6.56%), State Street Corp (3.74%), Bank of New York Mellon Corp (1.85%), JPMorgan Chase & Co. (1.78%) and Systematic Financial Management LP (1.59%). Company insiders that own Hanmi Financial stock include Bonita Lee, David L Rosenblum, John J Ahn, Joseph K Rho, Romolo Santarosa 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 Morgan Stanley, Alliancebernstein L.P., Mackay Shields LLC, JPMorgan Chase & Co., Squarepoint Ops LLC, WINTON GROUP Ltd, AQR Capital Management LLC, and BlackRock Inc.. View insider buying and selling activity for Hanmi Financial.

Which major investors are buying Hanmi Financial stock?

HAFC stock was bought by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Parametric Portfolio Associates LLC, State Street Corp, Bank of New York Mellon Corp, Russell Investments Group Ltd., Fourthstone LLC, Trexquant Investment LP, and Geode Capital Management LLC. Company insiders that have bought Hanmi Financial stock in the last two years include Bonita Lee, David L Rosenblum, John J Ahn, Romolo Santarosa, and Scott Diehl. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Hanmi Financial's stock price today?

One share of HAFC stock can currently be purchased for approximately $10.75.

How big of a company is Hanmi Financial?

Hanmi Financial has a market capitalization of $329.17 million and generates $274.32 million in revenue each year. The bank earns $32.79 million in net income (profit) each year or $1.06 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 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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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