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NASDAQ:HAFC

Hanmi Financial Stock Forecast, Price & News

$10.60
-0.27 (-2.48 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$10.30
Now: $10.60
$10.93
50-Day Range
$8.46
MA: $9.45
$11.00
52-Week Range
$7.15
Now: $10.60
$20.79
Volume104,562 shs
Average Volume234,669 shs
Market Capitalization$325.63 million
P/E Ratio10.50
Dividend Yield2.94%
Beta1.36
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 February. 06, 2020, it operated a network of 35 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 1982 and is headquartered in Los Angeles, California.
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Hanmi Financial logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 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
Employees633

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$274.32 million
Cash Flow$1.63 per share
Book Value$18.37 per share

Profitability

Net Income$32.79 million

Miscellaneous

Market Cap$325.63 million
Next Earnings Date1/26/2021 (Estimated)
OptionableOptionable
$10.60
-0.27 (-2.48 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Hanmi Financial (NASDAQ:HAFC) Frequently Asked Questions

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

Hanmi Financial's stock was trading at $13.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, HAFC stock has decreased by 20.8% and is now trading at $10.60.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of 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
.

What stocks does MarketBeat like better than Hanmi Financial?

Wall Street analysts have given Hanmi Financial a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Hanmi Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Hanmi Financial's next earnings date?

Hanmi Financial is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Hanmi Financial
.

How were Hanmi Financial's earnings last quarter?

Hanmi Financial Co. (NASDAQ:HAFC) posted its quarterly earnings results on Tuesday, October, 27th. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.26 by $0.27. Hanmi Financial had a return on equity of 5.56% and a net margin of 11.41%.
View Hanmi Financial's earnings history
.

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

Hanmi Financial declared a quarterly dividend on Friday, November 6th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.08 per share on Monday, November 30th. This represents a $0.32 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, November 13th.
View Hanmi Financial's dividend history
.

How will Hanmi Financial's stock buyback program work?

Hanmi Financial declared that its Board of Directors has approved a share repurchase plan on Thursday, January 24th 2019, which authorizes the company to repurchase 1,500,000 shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

What price target have analysts set for HAFC?

3 analysts have issued twelve-month target prices for Hanmi Financial's stock. Their forecasts range from $9.00 to $9.00. On average, they anticipate Hanmi Financial's share price to reach $9.00 in the next twelve months. This suggests that the stock has a possible downside of 15.1%.
View analysts' price targets for Hanmi 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 57, Pay $894.61k)
  • Mr. Romolo C. Santarosa, Sr. EVP & CFO (Age 64, Pay $544.09k)
  • Mr. Min S. Park, Exec. VP & Chief Credit Risk Officer of Hanmi Bank (Age 57, Pay $300.36k)
  • Mr. Matthew D. Fuhr, Exec. VP & Chief Credit Admin. Officer of Hanmi Bank (Age 57, Pay $345.57k)
  • Mr. Patrick M. Carr, Chief Accounting Officer (Age 48)
  • Vivian I. Kim, Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Greg D. Kim, Chief Admin. Officer & Exec. VP of Hanmi Bank (Age 59)
  • Mr. Anthony I. Kim, Exec. VP & Chief Banking Officer of Hanmi Bank (Age 52)
  • Mr. Michael Du, Sr. VP & Chief Risk Officer of Hanmi Bank (Age 47)

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 a variety of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (7.21%), LSV Asset Management (4.40%), State Street Corp (3.30%), JPMorgan Chase & Co. (1.62%), Arrowstreet Capital Limited Partnership (1.19%) and Foundry Partners LLC (0.89%). Company insiders that own Hanmi Financial stock include Bonita Lee, David L Rosenblum, John J Ahn, Joseph K Rho and Romolo Santarosa.
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 AQR Capital Management LLC, Aigen Investment Management LP, State Street Corp, SG Americas Securities LLC, Morgan Stanley, Foundry Partners LLC, Aperio Group LLC, and Wells Fargo & Company MN.
View insider buying and selling activity for Hanmi Financial
.

Which institutional investors are buying Hanmi Financial stock?

HAFC stock was purchased by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Assenagon Asset Management S.A., GSA Capital Partners LLP, AJO LP, Thrivent Financial for Lutherans, Mackay Shields LLC, Great West Life Assurance Co. Can, and Raymond James & Associates. Company insiders that have bought Hanmi Financial stock in the last two years include Bonita Lee, David L Rosenblum, John J Ahn, and Romolo Santarosa.
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 $10.60.

How big of a company is Hanmi Financial?

Hanmi Financial has a market capitalization of $325.63 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 633 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 11/28/2020 by MarketBeat.com Staff

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