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Hanmi Financial NasdaqGS:HAFC Stock Report

Last Price

US$23.64

Market Cap

US$709.2m

7D

-9.1%

1Y

20.1%

Updated

22 Dec, 2024

Data

Company Financials +

Hanmi Financial Corporation

NasdaqGS:HAFC Stock Report

Market Cap: US$709.2m

HAFC Stock Overview

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. More details

HAFC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 46% below our estimate of its fair value

Earnings are forecast to grow 10.38% per year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 5 Analysts

International Expansion And Loan Diversification Will Strengthen Future Prospects

Key Takeaways Strategic loan portfolio diversification and expanding international projects could drive future revenue and earnings growth. Strong asset quality maintained by controlled costs and prudent credit administration could sustain net interest margins positively.
View narrative
US$25.50
FV
7.3% undervalued intrinsic discount
8.29%
Revenue growth p.a.
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10 days ago author updated this narrative

Hanmi Financial Corporation Competitors

Farmers & Merchants Bank of Long Beach

OTCPK:FMBL

US$705.8m

Great Southern Bancorp

NasdaqGS:GSBC

US$709.1m

W.T.B. Financial

OTCPK:WTBF.B

US$757.3m

Independent Bank

NasdaqGS:IBCP

US$734.2m

Price History & Performance

Summary of share price highs, lows and changes for Hanmi Financial
Historical stock prices
Current Share PriceUS$23.64
52 Week HighUS$27.59
52 Week LowUS$14.45
Beta0.86
1 Month Change-10.96%
3 Month Change23.19%
1 Year Change20.06%
3 Year Change3.68%
5 Year Change18.67%
Change since IPO204.92%

Recent News & Updates

Hanmi Financial: Downgrading To Hold But Raising The Earnings Estimate

Nov 20

Hanmi Financial (NASDAQ:HAFC) Has Announced A Dividend Of $0.25

Oct 29
Hanmi Financial (NASDAQ:HAFC) Has Announced A Dividend Of $0.25

Recent updates

Hanmi Financial: Downgrading To Hold But Raising The Earnings Estimate

Nov 20

Hanmi Financial (NASDAQ:HAFC) Has Announced A Dividend Of $0.25

Oct 29
Hanmi Financial (NASDAQ:HAFC) Has Announced A Dividend Of $0.25

Hanmi Financial: 5.0% Dividend Yield And Next Year's Earnings Outlook Is Stable

Sep 01

Hanmi Financial (NASDAQ:HAFC) Will Pay A Dividend Of $0.25

Jul 29
Hanmi Financial (NASDAQ:HAFC) Will Pay A Dividend Of $0.25

Hanmi Financial (NASDAQ:HAFC) Has Affirmed Its Dividend Of $0.25

Apr 30
Hanmi Financial (NASDAQ:HAFC) Has Affirmed Its Dividend Of $0.25

Hanmi Financial: High Dividend Yield Is Safe From A Negative Earnings Outlook

Apr 27

Hanmi Financial: Over 6% Dividend Yield, Upgrading To Buy

Feb 06

Hanmi Financial's (NASDAQ:HAFC) Dividend Will Be $0.25

Nov 02
Hanmi Financial's (NASDAQ:HAFC) Dividend Will Be $0.25

Hanmi Financial (NASDAQ:HAFC) Will Pay A Dividend Of $0.25

Aug 02
Hanmi Financial (NASDAQ:HAFC) Will Pay A Dividend Of $0.25

Hanmi Financial raises dividend by 13% to $0.25

Jul 28

If You Like EPS Growth Then Check Out Hanmi Financial (NASDAQ:HAFC) Before It's Too Late

Jun 12
If You Like EPS Growth Then Check Out Hanmi Financial (NASDAQ:HAFC) Before It's Too Late

Hanmi Financial: Attractively Valued With A Positive Outlook On Topline Growth

Feb 20

Here's Why I Think Hanmi Financial (NASDAQ:HAFC) Is An Interesting Stock

Jan 07
Here's Why I Think Hanmi Financial (NASDAQ:HAFC) Is An Interesting Stock

Is Hanmi Financial Corporation (NASDAQ:HAFC) The Right Choice For A Smart Dividend Investor?

Mar 24
Is Hanmi Financial Corporation (NASDAQ:HAFC) The Right Choice For A Smart Dividend Investor?

Could The Hanmi Financial Corporation (NASDAQ:HAFC) Ownership Structure Tell Us Something Useful?

Feb 26
Could The Hanmi Financial Corporation (NASDAQ:HAFC) Ownership Structure Tell Us Something Useful?

Hanmi Financial Corporation (NASDAQ:HAFC) Will Pay A US$0.10 Dividend In Four Days

Jan 31
Hanmi Financial Corporation (NASDAQ:HAFC) Will Pay A US$0.10 Dividend In Four Days

Hanmi Financial Corporation 2020 Q4 - Results - Earnings Call Presentation

Jan 29

Shareholder Returns

HAFCUS BanksUS Market
7D-9.1%-3.4%-2.4%
1Y20.1%29.1%23.4%

Return vs Industry: HAFC underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: HAFC underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is HAFC's price volatile compared to industry and market?
HAFC volatility
HAFC Average Weekly Movement6.3%
Banks Industry Average Movement5.2%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: HAFC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: HAFC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982618Bonnie Leewww.hanmi.com

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. The company also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans, such as commercial term loans and commercial lines of credit; and international finance and trade services and products, such as letters of credit, and import and export financing.

Hanmi Financial Corporation Fundamentals Summary

How do Hanmi Financial's earnings and revenue compare to its market cap?
HAFC fundamental statistics
Market capUS$709.20m
Earnings (TTM)US$62.66m
Revenue (TTM)US$232.77m

11.3x

P/E Ratio

1.0x

P/B Ratio

Is HAFC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HAFC income statement (TTM)
RevenueUS$232.77m
Cost of RevenueUS$0
Gross ProfitUS$232.77m
Other ExpensesUS$170.10m
EarningsUS$62.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.09
Gross Margin100.00%
Net Profit Margin26.92%
Debt/Equity Ratio59.1%

How did HAFC perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

48%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 11:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hanmi Financial Corporation is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Siddharth KariwalaBofA Global Research
Joseph GladueB. Riley Securities, Inc.
Gary TennerD.A. Davidson & Co.