About Hanmi Financial Corporation (NASDAQ:HAFC)
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington. The Bank's client base reflects the multi-ethnic composition of these communities. The Bank maintains a branch network of full-service branch offices in California, Illinois, New Jersey, New York, Texas and Virginia, and loan production offices in California, Colorado, Texas, Virginia and Washington State. Its lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term loans, commercial lines of credit and international), and consumer loans and small business administration (SBA) loans. Its revenues are derived from interest and fees on its loans.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:HAFC
- CUSIP: 41049520
- Web: www.hanmi.com
- Market Cap: $1.02 billion
- Outstanding Shares: 32,413,000
- 50 Day Moving Avg: $29.40
- 200 Day Moving Avg: $28.55
- 52 Week Range: $23.27 - $35.85
Sales & Book Value:
- Trailing P/E Ratio: 17.74
- Foreward P/E Ratio: 15.86
- P/E Growth: 2.14
- Annual Revenue: $205.56 million
- Price / Sales: 4.95
- Book Value: $17.25 per share
- Price / Book: 1.82
- Annual Dividend: $0.84
- Dividend Yield: 2.7%
- Net Margins: 24.54%
- Return on Equity: 10.60%
- Return on Assets: 1.18%
- Debt-to-Equity Ratio: 0.41%
- Current Ratio: 1.00%
- Quick Ratio: 0.98%
- Average Volume: 135,852 shs.
- Beta: 0.81
- Short Ratio: 7.9
Frequently Asked Questions for Hanmi Financial Corporation (NASDAQ:HAFC)
What is Hanmi Financial Corporation's stock symbol?
Hanmi Financial Corporation trades on the NASDAQ under the ticker symbol "HAFC."
How often does Hanmi Financial Corporation pay dividends? What is the dividend yield for Hanmi Financial Corporation?
Hanmi Financial Corporation declared a quarterly dividend on Thursday, October 19th. Stockholders of record on Monday, October 30th will be given a dividend of $0.21 per share on Monday, November 20th. This represents a $0.84 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, October 27th. View Hanmi Financial Corporation's Dividend History.
How were Hanmi Financial Corporation's earnings last quarter?
Hanmi Financial Corporation (NASDAQ:HAFC) announced its quarterly earnings results on Tuesday, October, 17th. The company reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The firm had revenue of $53.74 million for the quarter, compared to the consensus estimate of $53.30 million. Hanmi Financial Corporation had a net margin of 24.54% and a return on equity of 10.60%. During the same quarter last year, the company posted $0.41 EPS. View Hanmi Financial Corporation's Earnings History.
When will Hanmi Financial Corporation make its next earnings announcement?
Where is Hanmi Financial Corporation's stock going? Where will Hanmi Financial Corporation's stock price be in 2017?
3 brokers have issued 1-year price objectives for Hanmi Financial Corporation's shares. Their forecasts range from $28.00 to $34.00. On average, they anticipate Hanmi Financial Corporation's stock price to reach $31.00 in the next year. View Analyst Ratings for Hanmi Financial Corporation.
Are investors shorting Hanmi Financial Corporation?
Hanmi Financial Corporation saw a drop in short interest in September. As of September 29th, there was short interest totalling 852,503 shares, a drop of 43.5% from the September 15th total of 1,509,774 shares. Based on an average daily volume of 169,315 shares, the short-interest ratio is currently 5.0 days. Currently, 2.7% of the company's shares are short sold.
Who are some of Hanmi Financial Corporation's key competitors?
Some companies that are related to Hanmi Financial Corporation include Capitol Federal Financial (CFFN), Simmons First National Corporation (SFNC), Cadence Bancorp (CADE), LegacyTexas Financial Group (LTXB), Grupo Supervielle SA -ADR (SUPV), Northwest Bancshares (NWBI), BancFirst Corporation (BANF), Ameris Bancorp (ABCB), WesBanco (WSBC), BofI Holding (BOFI), First Financial Bancorp. (FFBC), Park National (PRK), NBT Bancorp (NBTB), CenterState Banks (CSFL), Westamerica Bancorporation (WABC), Union Bankshares Corporation (UBSH), First Busey Corporation (BUSE) and First Commonwealth Financial Corporation (FCF).
Who are Hanmi Financial Corporation's key executives?
Hanmi Financial Corporation's management team includes the folowing people:
- Joseph K. Rho, Independent Chairman of the Board
- Chong Guk Kum, President, Chief Executive Officer, Director of the Company and Hanmi Bank
- John J. Ahn, Vice Chairman of the Board
- Romolo C. Santarosa, Chief Financial Officer, Senior Executive Vice President
- Bonita I. Lee, Chief Operating Officer, Senior Executive Vice President of the Company and Hanmi Bank
- Greg D. Kim, Executive Vice President, Chief Administrative Officer
- Jean Lim, Executive Vice President, Chief Risk Officer
- Min S. Park, Executive Vice President, Chief Credit Officer
- Christie K. Chu, Independent Director
- Harry H. Chung CPA, Independent Director
Who owns Hanmi Financial Corporation stock?
Hanmi Financial Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.34%) and Fisher Asset Management LLC (0.23%). Company insiders that own Hanmi Financial Corporation stock include Greg D Kim and Joon Hyung Lee. View Institutional Ownership Trends for Hanmi Financial Corporation.
Who sold Hanmi Financial Corporation stock? Who is selling Hanmi Financial Corporation stock?
Hanmi Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC and Mutual of America Capital Management LLC. Company insiders that have sold Hanmi Financial Corporation stock in the last year include Greg D Kim and Joon Hyung Lee. View Insider Buying and Selling for Hanmi Financial Corporation.
How do I buy Hanmi Financial Corporation stock?
Shares of Hanmi Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Hanmi Financial Corporation's stock price today?
MarketBeat Community Rating for Hanmi Financial Corporation (NASDAQ HAFC)MarketBeat's community ratings are surveys of what our community members think about Hanmi Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Hanmi Financial Corporation stock can currently be purchased for approximately $31.40.
Consensus Ratings for Hanmi Financial Corporation (NASDAQ:HAFC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$31.00 (1.27% downside)|Consensus Price Target History for Hanmi Financial Corporation (NASDAQ:HAFC)
Analysts' Ratings History for Hanmi Financial Corporation (NASDAQ:HAFC)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/7/2017||Keefe, Bruyette & Woods||Set Price Target||Hold||$28.00||N/A|
|10/6/2017||Piper Jaffray Companies||Reiterated Rating||Hold||$31.00||N/A|
|4/19/2017||FBR & Co||Reiterated Rating||Outperform -> Outperform||$39.00 -> $34.00||Medium|
|10/19/2016||FIG Partners||Downgrade||Outperform -> Market Perform||N/A|
|8/25/2016||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$28.00||N/A|
|1/27/2016||DA Davidson||Lower Price Target||Buy||$28.00||N/A|
Earnings History for Hanmi Financial Corporation (NASDAQ:HAFC)Earnings History by Quarter for Hanmi Financial Corporation (NASDAQ HAFC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/23/2018|| || || || || || || || |
|10/17/2017||Q3 2017||$0.46||$0.46||$53.30 million||$53.74 million||View||N/A|
|7/18/2017||Q2 2017||$0.45||$0.45||$50.85 million||$52.88 million||View||N/A|
|4/18/2017||Q1 2017||$0.44||$0.43||$51.16 million||$49.57 million||View||N/A|
|1/24/2017||Q4 2016||$0.43||$0.46||$50.73 million||$50.13 million||View||N/A|
|10/18/2016||Q3||$0.44||$0.41||$48.84 million||$48.26 million||View||Listen|
|7/19/2016||Q2||$0.42||$0.44||$47.15 million||$49.35 million||View||Listen|
|4/19/2016||Q1||$0.41||$0.46||$48.17 million||$45.53 million||View||Listen|
|1/26/2016||Q415||$0.41||$0.46||$47.22 million||$49.64 million||View||Listen|
|10/27/2015||Q315||$0.40||$0.44||$44.99 million||$49.55 million||View||Listen|
|7/23/2015||Q215||$0.37||$0.44||$47.51 million||$48.23 million||View||Listen|
|4/23/2015||Q115||$0.31||$0.35||$46.67 million||$48.30 million||View||N/A|
|2/17/2015||Q4 2014||$0.34||$0.19||$44.89 million||$46.34 million||View||N/A|
|11/7/2014||Q314||$0.33||$0.41||$38.57 million||$45.00 million||View||N/A|
|7/22/2014||Q214||$0.33||$0.36||$36.20 million||$33.07 million||View||N/A|
|4/22/2014||Q1 14||$0.32||$0.35||$35.10 million||$35.19 million||View||N/A|
|1/27/2014||Q4 13||$0.32||$0.31||$35.24 million||View||N/A|
Earnings Estimates for Hanmi Financial Corporation (NASDAQ:HAFC)
2017 EPS Consensus Estimate: $1.83
2018 EPS Consensus Estimate: $2.02
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Hanmi Financial Corporation (NASDAQ:HAFC)
|Payout Ratio:||46.93% (Trailing 12 Months of Earnings) |
46.41% (Based on This Year's Estimates)
42.42% (Based on Next Year's Estimates)
Dividend History by Quarter for Hanmi Financial Corporation (NASDAQ HAFC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Hanmi Financial Corporation (NASDAQ:HAFC)
Insider Ownership Percentage: 3.91%Insider Trades by Quarter for Hanmi Financial Corporation (NASDAQ:HAFC)
Institutional Ownership Percentage: 88.39%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/24/2017||Joon Hyung Lee||Director||Sell||6,000||$29.40||$176,400.00|| |
|12/2/2016||Greg D Kim||Insider||Sell||1,000||$31.30||$31,300.00|| |
|11/22/2016||Greg D. Kim||Insider||Sell||3,000||$31.40||$94,200.00|| |
|8/24/2016||Joon Hyung Lee||Director||Sell||2,412||$25.33||$61,095.96|| |
|3/4/2016||Joon Hyung Lee||Director||Sell||5,000||$22.25||$111,250.00|| |
|8/26/2015||Christie K. Chu||Director||Buy||985||$23.58||$23,226.30|| |
|8/14/2015||Joon Hyung Lee||Director||Sell||4,000||$25.54||$102,160.00|| |
|3/5/2015||Chulse Park||Director||Sell||299,068||$20.14||$6,023,229.52|| |
|2/20/2015||Seon Hong Kim||Director||Sell||20,000||$20.00||$400,000.00|| |
|12/11/2014||Joon Hyung Lee||Director||Sell||1,000||$21.58||$21,580.00|| |
|12/5/2014||Joon Hyung Lee||Director||Sell||2,000||$21.48||$42,960.00|| |
|12/4/2014||Joon Hyung Lee||Director||Sell||1,000||$20.99||$20,990.00|| |
|12/3/2014||Joon Hyung Lee||Director||Sell||1,000||$20.30||$20,300.00|| |
|11/13/2014||Joon Hyung Lee||Director||Sell||4,000||$22.24||$88,960.00|| |
|7/25/2014||Chong Guk Kum||CEO||Buy||8,750||$20.95||$183,312.50|| |
|6/5/2014||Joon Hyung Lee||Director||Sell||1,963||$22.24||$43,657.12|| |
|5/2/2014||David Rosenblum||Director||Buy||5,000||$21.92||$109,600.00|| |
|3/4/2014||Joon Hyung Lee||Director||Sell||4,500||$23.93||$107,685.00|| |
|2/4/2014||Joseph Rho||Director||Buy||2,400||$20.50||$49,200.00|| |
|9/20/2013||Chong Guk Kum||CEO||Buy||1,821||$16.55||$30,137.55|| |
|9/12/2013||Chong Guk Kum||CEO||Buy||20,000||$16.17||$323,400.00|| |
|9/12/2013||Joseph Rho||Director||Sell||4,000||$16.09||$64,360.00|| |
|8/27/2013||Bonita Lee||COO||Buy||10,000||$16.40||$164,000.00|| |
|8/27/2013||Joon Hyung Lee||Director||Buy||5,000||$16.54||$82,700.00|| |
|8/1/2013||Joon Hyung Lee||Director||Sell||1,500||$17.33||$25,995.00|| |
|7/31/2013||Joon Hyung Lee||Director||Buy||10,000||$16.98||$169,800.00|| |
|7/30/2013||Chong Guk Kum||CEO||Buy||15,000||$17.00||$255,000.00|| |
Headline Trends for Hanmi Financial Corporation (NASDAQ:HAFC)
Latest Headlines for Hanmi Financial Corporation (NASDAQ:HAFC)
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Hanmi Financial Corporation (HAFC) Chart for Monday, October, 23, 2017