Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Hanmi Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HAFC's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HAFC underperformed the US Banks industry which returned -23.2% over the past year.
Return vs Market: HAFC underperformed the US Market which returned 15.9% over the past year.
Price Volatility Vs. Market
How volatile is Hanmi Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StWhy It Might Not Make Sense To Buy Hanmi Financial Corporation (NASDAQ:HAFC) For Its Upcoming Dividend
3 weeks ago | Simply Wall StConsider This Before Buying Hanmi Financial Corporation (NASDAQ:HAFC) For The 5.2% Dividend
1 month ago | Simply Wall StWhen Should You Buy Hanmi Financial Corporation (NASDAQ:HAFC)?
Is Hanmi Financial undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HAFC ($9.54) is trading above our estimate of fair value ($8.06)
Significantly Below Fair Value: HAFC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HAFC is poor value based on its PE Ratio (10.9x) compared to the US Banks industry average (9.6x).
PE vs Market: HAFC is good value based on its PE Ratio (10.9x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: HAFC is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: HAFC is good value based on its PB Ratio (0.5x) compared to the US Banks industry average (0.8x).
How is Hanmi Financial forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAFC's forecast earnings growth (6.9% per year) is above the savings rate (2.2%).
Earnings vs Market: HAFC's earnings (6.9% per year) are forecast to grow slower than the US market (22.4% per year).
High Growth Earnings: HAFC's earnings are forecast to grow, but not significantly.
Revenue vs Market: HAFC's revenue (2.4% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: HAFC's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAFC's Return on Equity is forecast to be low in 3 years time (5.3%).
How has Hanmi Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAFC has high quality earnings.
Growing Profit Margin: HAFC's current net profit margins (15.6%) are lower than last year (24.1%).
Past Earnings Growth Analysis
Earnings Trend: HAFC's earnings have declined by 8.6% per year over the past 5 years.
Accelerating Growth: HAFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HAFC had negative earnings growth (-39.8%) over the past year, making it difficult to compare to the Banks industry average (-2.8%).
Return on Equity
High ROE: HAFC's Return on Equity (4.9%) is considered low.
How is Hanmi Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: HAFC's Assets to Equity ratio (11.4x) is moderate.
Allowance for Bad Loans: HAFC has a sufficient allowance for bad loans (148%).
Low Risk Liabilities: 92% of HAFC's liabilities are made up of primarily low risk sources of funding.
Loan Level: HAFC has an appropriate level of Loans to Assets ratio (76%).
Low Risk Deposits: HAFC's Loans to Deposits ratio (91%) is appropriate.
Level of Bad Loans: HAFC has an appropriate level of bad loans (1.2%).
What is Hanmi Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: HAFC's dividend (3.35%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: HAFC's dividend (3.35%) is low compared to the top 25% of dividend payers in the US market (4.54%).
Stability and Growth of Payments
Stable Dividend: HAFC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: HAFC's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (96.1%), HAFC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HAFC's dividends in 3 years are forecast to be well covered by earnings (36.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bonnie Lee (57 yo)
Ms. Bonita I. Lee, also known as Bonnie, has been Chief Executive Officer of Hanmi Financial Corporation and Hanmi Bank since May 3, 2019 and its President since June 2018. She served as Chief Operating Of ...
CEO Compensation Analysis
Compensation vs Market: Bonnie's total compensation ($USD1.42M) is about average for companies of similar size in the US market ($USD1.34M).
Compensation vs Earnings: Bonnie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Senior EVP & CFO||4.75yrs||US$944.11k||0.12% |
|Executive VP & Chief Credit Risk Officer of Hanmi Bank||5.33yrs||US$340.68k||0.055% |
|Executive VP & Chief Credit Administrative Officer of Hanmi Bank||3.42yrs||US$410.58k||0.081% |
|Senior VP||no data||no data||no data|
|Chief Administrative Officer & Executive VP of Hanmi Bank||7yrs||US$500.45k||no data|
|Executive VP & Chief Banking Officer of Hanmi Bank||no data||no data||0.093% |
|Senior VP & Chief Risk Officer of Hanmi Bank||0.75yr||no data||no data|
Experienced Management: HAFC's management team is considered experienced (4.1 years average tenure).
|Independent Director||2.5yrs||US$123.71k||0.027% |
|Independent Director||4.5yrs||US$111.31k||0.032% |
|Independent Chairman||1.25yrs||US$130.11k||0.13% |
|Independent Director||2.33yrs||US$113.21k||0.045% |
|Independent Director||4.5yrs||US$122.26k||0.046% |
|Independent Director||4.17yrs||US$116.01k||0.019% |
|Independent Vice Chairman||1.58yrs||US$122.21k||0.053% |
|Independent Director||5.42yrs||US$120.26k||0.032% |
Experienced Board: HAFC's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HAFC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hanmi Financial Corporation's company bio, employee growth, exchange listings and data sources
- Name: Hanmi Financial Corporation
- Ticker: HAFC
- Exchange: NasdaqGS
- Founded: 1982
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$288.130m
- Shares outstanding: 30.36m
- Website: https://www.hanmi.com
Number of Employees
- Hanmi Financial Corporation
- 3660 Wilshire Boulevard
- Penthouse Suite A
- Los Angeles
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HAFC||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Jun 1994|
|HF7N||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 1994|
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/04 23:51|
|End of Day Share Price||2020/08/04 00:00|
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.