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

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$19.64 -0.20 (-1.01 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$19.84
Today's Range$19.54 - $20.08
52-Week Range$17.56 - $32.46
Volume188,300 shs
Average Volume189,673 shs
Market Capitalization$630.52 million
P/E Ratio10.85
Dividend Yield4.84%
Beta0.89
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 25, 2018, it operated a network of 40 full-service branches and 8 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

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

Debt

Debt-to-Equity Ratio0.49
Current Ratio1.02
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio10.85
Forward P/E Ratio10.12
P/E Growth1.28

Sales & Book Value

Annual Sales$242.74 million
Price / Sales2.57
Cash Flow$2.1798 per share
Price / Cash Flow9.01
Book Value$17.34 per share
Price / Book1.13

Profitability

EPS (Most Recent Fiscal Year)$1.81
Net Income$54.66 million
Net Margins22.82%
Return on Equity10.92%
Return on Assets1.16%

Miscellaneous

Employees642
Outstanding Shares31,780,000
Market Cap$630.52 million
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 announced a quarterly dividend on Tuesday, October 23rd. Shareholders of record on Friday, November 2nd will be given a dividend of $0.24 per share on Monday, November 26th. This represents a $0.96 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, November 1st. 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 buyback program on Thursday, August 30th 2018, which permits the company to buyback 1,600,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

How were Hanmi Financial's earnings last quarter?

Hanmi Financial Corp (NASDAQ:HAFC) released its earnings results on Tuesday, October, 23rd. The bank reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.01. The bank had revenue of $51.54 million for the quarter, compared to analysts' expectations of $53.60 million. Hanmi Financial had a net margin of 22.82% and a return on equity of 10.92%. 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, January 22nd 2019. View Earnings Estimates for Hanmi Financial.

What price target have analysts set for HAFC?

4 brokers have issued 12-month price objectives for Hanmi Financial's stock. Their forecasts range from $23.00 to $32.00. On average, they expect Hanmi Financial's stock price to reach $27.6667 in the next twelve months. This suggests a possible upside of 40.9% from the stock's current price. View Analyst Price Targets for Hanmi Financial.

What is the consensus analysts' recommendation for Hanmi Financial?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanmi Financial in the last year. There are currently 3 hold ratings and 1 buy rating 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 stories about HAFC stock have trended very negative on Saturday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hanmi Financial earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Who are some of Hanmi Financial's key competitors?

Who are Hanmi Financial's key executives?

Hanmi Financial's management team includes the folowing people:
  • Mr. Chong Guk Kum, Pres, CEO & Director (Age 63)
  • Mr. Romolo C. Santanrosa, Sr. EVP & CFO (Age 62)
  • Ms. Bonita I. Lee, Sr. EVP & COO (Age 55)
  • Ms. Jean Lim, Chief Risk Officer & Exec. VP of Hanmi Bank (Age 55)
  • Mr. Richard Pimentel, SVP & Corp. Fin. Officer

Who are Hanmi Financial's major shareholders?

Hanmi Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.36%), Dimensional Fund Advisors LP (7.17%), FMR LLC (6.09%), Vanguard Group Inc. (6.13%), Vanguard Group Inc (6.13%) and LSV Asset Management (4.17%). 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 institutional investors are selling Hanmi Financial stock?

HAFC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Investment Counselors of Maryland LLC, Thrivent Financial for Lutherans, JPMorgan Chase & Co., JPMorgan Chase & Co., Fisher Asset Management LLC, SG Americas Securities LLC and Man Group plc. View Insider Buying and Selling for Hanmi Financial.

Which institutional investors are buying Hanmi Financial stock?

HAFC stock was acquired by a variety of institutional investors in the last quarter, including Rafferty Asset Management LLC, Dimensional Fund Advisors LP, Congress Asset Management Co. MA, LSV Asset Management, Massachusetts Financial Services Co. MA, Bridgeway Capital Management Inc., Systematic Financial Management LP and American Century Companies Inc.. 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 $19.64.

How big of a company is Hanmi Financial?

Hanmi Financial has a market capitalization of $630.52 million and generates $242.74 million in revenue each year. The bank earns $54.66 million in net income (profit) each year or $1.81 on an earnings per share basis. Hanmi Financial employs 642 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:  2.4 out of 5 (star star)
Outperform Votes:  251 (Vote Outperform)
Underperform Votes:  274 (Vote Underperform)
Total Votes:  525
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 12/15/2018 by MarketBeat.com Staff

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