HAFC - Hanmi Financial Corp Stock Price, Fair Value and News

16.14USD+0.16 (+1.00%)Delayed as of 08 May 2024, 02:00 pm ET

Market Summary

USD16.14+0.16

Delayedas of 08 May 2024, 02:00 pm

1.00%

HAFC Stock Price

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HAFC RSI Chart

HAFC Valuation

Market Cap

485.6M

Price/Earnings (Trailing)

6.63

Price/Sales (Trailing)

1.27

EV/EBITDA

0.7

Price/Free Cashflow

4.78

HAFC Price/Sales (Trailing)

HAFC Profitability

EBT Margin

27.52%

Return on Equity

10.41%

Return on Assets

0.97%

Free Cashflow Yield

20.93%

HAFC Fundamentals

HAFC Revenue

Revenue (TTM)

381.6M

Rev. Growth (Yr)

14.08%

Rev. Growth (Qtr)

2.48%

HAFC Earnings

Earnings (TTM)

73.2M

Earnings Growth (Yr)

-31.04%

Earnings Growth (Qtr)

-18.62%

Breaking Down HAFC Revenue

52 Week Range

13.6419.61

(Low)(High)

Last 7 days

4.3%

Last 30 days

5.2%

Last 90 days

7.5%

Trailing 12 Months

13.0%

How does HAFC drawdown profile look like?

HAFC Financial Health

HAFC Investor Care

Dividend Yield

6.26%

Dividend/Share (TTM)

Buy Backs (1Y)

0.52%

Diluted EPS (TTM)

2.4

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	381.6M	0	0	0
2023	304.2M	331.8M	354.4M	369.3M
2022	221.5M	230.1M	246.2M	273.8M
2021	217.0M	215.9M	216.4M	216.7M
2020	243.3M	237.5M	230.2M	223.9M
2019	241.7M	245.9M	248.0M	246.8M
2018	216.1M	222.1M	228.2M	234.4M
2017	184.1M	191.3M	200.8M	209.3M
2016	165.5M	168.6M	172.9M	178.5M
2015	147.8M	158.5M	164.0M	164.2M
2014	120.9M	121.6M	125.4M	136.7M
2013	118.2M	117.8M	119.2M	119.1M
2012	125.2M	122.6M	120.3M	119.8M
2011	140.3M	136.8M	132.8M	128.8M
2010	0	170.9M	157.7M	144.5M
2009	0	0	0	184.1M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Hanmi Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	fuhr matthew	acquired	-	-	4,621	chief credit officer
Apr 01, 2024	pangrazio joseph	acquired	-	-	1,193	chief accounting officer
Apr 01, 2024	lee bonita	acquired	-	-	24,171	president & ceo
Apr 01, 2024	santarosa romolo	acquired	-	-	8,600	chief financial officer
Apr 01, 2024	du michael	acquired	-	-	3,383	chief risk officer
Apr 01, 2024	kim anthony i.	acquired	-	-	5,289	chief banking officer
Mar 24, 2024	du michael	acquired	-	-	1,645	chief risk officer
Mar 24, 2024	santarosa romolo	sold (taxes)	-26,863	15.22	-1,765	chief financial officer
Mar 24, 2024	du michael	sold (taxes)	-9,360	15.22	-615	chief risk officer
Mar 24, 2024	fuhr matthew	acquired	-	-	1,926	chief credit officer

Which funds bought or sold HAFC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	LSV ASSET MANAGEMENT	reduced	-3.74	-4,738,000	17,812,000	0.04%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-156,000	-	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-50.61	-304,000	208,000	-%
May 06, 2024	Empowered Funds, LLC	added	7.95	-131,737	1,022,000	0.02%
May 06, 2024	TEXAS PERMANENT SCHOOL FUND CORP	added	0.58	-88,097	416,419	-%
May 06, 2024	HighTower Advisors, LLC	reduced	-9.65	-73,000	207,000	-%
May 06, 2024	Savant Capital, LLC	new	-	272,185	272,185	-%
May 06, 2024	Quantbot Technologies LP	added	244	137,564	212,914	0.01%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	sold off	-100	-363,595	-	-%
May 03, 2024	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	reduced	-8.29	-42,425	129,032	-%

Are Funds Buying or Selling HAFC?

Are funds buying HAFC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HAFC

No. of Funds

Unveiling Hanmi Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	7.23%	2,197,094	SC 13G/A
Feb 09, 2024	massachusetts financial services co /ma/	0.0%	0	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.8%	2,069,367	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 24, 2024	state street corp	5.23%	1,589,758	SC 13G
Jan 23, 2024	blackrock inc.	14.4%	4,376,934	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	8.0%	2,427,043	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	7.00%	2,134,846	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	5.1%	1,560,158	SC 13G/A

Recent SEC filings of Hanmi Financial Corp

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Apr 18, 2024	EFFECT	EFFECT
Apr 17, 2024	POS AM	POS AM
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading

Peers (Alternatives to Hanmi Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	550.7B	174.7B	-2.88%	39.91%	10.94	3.15	53.11%	19.83%
BAC	296.0B	127.4B	1.99%	36.69%	11.83	2.15	56.12%	-12.56%
WFC	210.0B	85.8B	4.95%	56.96%	11.19	2.45	35.02%	26.14%
C	118.3B	125.0B	0.65%	33.74%	14.8	0.95	37.85%	-
CFG	16.2B	10.4B	4.71%	38.12%	11.31	1.55	26.22%	-33.87%
KEY	14.1B	8.1B	-0.80%	54.34%	16.12	1.73	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	1.12%	47.25%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	4.13%	80.63%	9.55	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	5.29%	67.41%	12.7	2.67	43.24%	-22.35%
ASB	3.3B	1.8B	5.37%	45.89%	20.77	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	399.1M	152.4M	-3.36%	49.04%	40.14	2.62	16.94%	-73.84%
AROW	389.7M	162.6M	0.47%	17.60%	12.96	2.4	25.39%	-38.37%
ACNB	273.7M	96.6M	-5.55%	16.05%	8.64	2.83	11.02%	-11.37%
ASRV	40.3M	60.9M	-4.84%	-16.90%	-12.04	0.66	24.06%	-144.92%

Hanmi Financial Corp News

Latest updates

Hanmi Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.5%	100	97.00	94.00	91.00	87.00	82.00	71.00	63.00	57.00	55.00	55.00	55.00	52.00	54.00	55.00	56.00	59.00	61.00	62.00	61.00	62.00
EBITDA Margin	-8.0%	0.85*	0.93*	1.03*	1.16*	1.30*	1.43*	1.54*	1.61*	1.61*	1.59*	1.48*	1.39*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.7%	51.00	53.00	55.00	55.00	58.00	65.00	63.00	59.00	51.00	49.00	50.00	50.00	46.00	47.00	46.00	44.00	44.00	44.00	44.00	43.00	45.00
Income Taxes	-25.5%	7.00	9.00	8.00	9.00	9.00	10.00	11.00	10.00	9.00	10.00	11.00	9.00	8.00	5.00	6.00	5.00	1.00	3.00	4.00	1.00	6.00
Earnings Before Taxes	-21.0%	22.00	27.00	27.00	29.00	31.00	38.00	38.00	35.00	29.00	43.00	37.00	31.00	24.00	20.00	23.00	14.00	3.00	6.00	17.00	4.00	21.00
EBT Margin	-11.3%	0.28*	0.31*	0.35*	0.41*	0.47*	0.51*	0.59*	0.63*	0.63*	0.63*	0.52*	0.45*	-	-	-	-	-	-	-	-	-
Net Income	-18.6%	15.00	19.00	19.00	21.00	22.00	28.00	27.00	25.00	21.00	33.00	27.00	22.00	17.00	14.00	16.00	9.00	2.00	3.00	12.00	3.00	15.00
Net Income Margin	-11.5%	0.19*	0.22*	0.25*	0.30*	0.34*	0.37*	0.43*	0.46*	0.46*	0.46*	0.37*	0.32*	-	-	-	-	-	-	-	-	-
Free Cashflow	266.0%	30.00	8.00	29.00	34.00	36.00	47.00	49.00	30.00	20.00	28.00	-65.61	124	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.8%	7,512	7,570	7,350	7,345	7,434	7,378	7,129	6,956	6,737	6,859	6,777	6,579	6,438	6,202	6,107	6,218	5,618	5,538	5,528	5,512	5,571
Cash Equivalents	-15.3%	256	302	289	345	386	352	275	217	312	609	824	698	646	392	360	546	291	122	151	131	170
Net PPE	0.0%	22.00	22.00	21.00	23.00	23.00	23.00	24.00	24.00	24.00	25.00	26.00	26.00	26.00	26.00	28.00	26.00	26.00	26.00	27.00	27.00	28.00
Liabilities	-0.9%	6,809	6,868	6,687	6,676	6,772	6,741	6,520	6,338	6,116	6,215	6,157	5,976	5,857	5,625	5,544	5,671	5,065	4,975	4,953	4,947	5,007
Shareholder's Equity	0.2%	703	702	663	669	662	638	609	618	621	643	619	603	582	577	563	547	553	563	575	564	564
Retained Earnings	2.3%	327	319	308	297	284	270	249	229	211	197	170	147	128	115	103	89.00	83.00	101	105	100	105
Additional Paid-In Capital	0.1%	588	587	586	585	585	583	583	582	581	581	580	580	579	578	578	577	577	576	575	571	570
Shares Outstanding	-0.3%	30.00	30.00	30.00	30.00	31.00	30.00	30.00	30.00	30.00	30.00	30.00	30.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	448	-	-	-	671	-	-	-	577	-	-	-	-	-	-	-	598	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	266.0%	29,983	8,192	29,476	34,003	36,128	46,918	49,706	30,550	20,134	28,264	-65,204	124,067	6,602	19,928	16,348	-335	24,262	3,108	17,756	15,499	22,433
Share Based Compensation	4.3%	775	743	778	508	652	709	664	681	541	537	664	637	598	633	516	626	769	859	895	659	712
Cashflow From Investing	94.4%	-9,485	-169,538	-57,188	44,127	-27,395	-178,710	-161,026	-334,886	-206,884	-293,933	18,297	-188,692	17,289	-66,076	-82,866	-319,893	61,248	-41,051	3,533	11,035	-18,062
Cashflow From Financing	-138.2%	-66,784	174,664	-28,189	-119,424	25,047	209,054	169,242	209,082	-109,724	50,286	173,466	115,969	230,705	78,242	-119,775	575,729	83,359	8,943	-1,462	-65,513	10,083
Dividend Payments	1.2%	7,686	7,592	7,690	7,630	7,623	7,621	7,621	6,703	6,691	6,081	3,682	3,682	3,069	2,456	2,452	3,672	7,380	7,460	7,470	7,406	7,440
Buy Backs	115.7%	1,594	739	1,901	-	-	-	-	-	-	298	4,891	-	946	-	-	-	2,196	7,362	-	-	-

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HAFC Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Interest and fees on loans receivable	$ 91,674	$ 80,923
Interest on securities	4,955	4,025
Dividends on FHLB stock	361	289
Interest on deposits in other banks	2,604	2,066
Total interest and dividend income	99,594	87,303
Interest expense:
Interest on deposits	45,638	25,498
Interest on borrowings	1,655	2,369
Interest on subordinated debentures	1,646	1,583
Total interest expense	48,939	29,450
Net interest income before credit loss expense	50,655	57,853
Credit loss expense	227	2,133
Net interest income after credit loss expense	50,428	55,720
Noninterest income:
Service charges on deposit accounts	2,450	2,579
Trade finance and other service charges and fees	1,414	1,258
Gain on sale of Small Business Administration ("SBA") loans	1,482	1,869
Other operating income	2,387	2,630
Total noninterest income	7,733	8,336
Noninterest expense:
Salaries and employee benefits	21,585	20,610
Occupancy and equipment	4,537	4,412
Data processing	3,551	3,253
Professional fees	1,893	1,335
Supplies and communications	601	676
Advertising and promotion	907	833
Other operating expenses	3,371	1,672
Total noninterest expense	36,445	32,791
Income before tax	21,716	31,265
Income tax expense	6,552	9,274
Net income	$ 15,164	$ 21,991
Basic earnings per share	$ 0.5	$ 0.72
Diluted earnings per share	$ 0.5	$ 0.72
Weighted-average shares outstanding:
Basic	30,119,646	30,347,325
Diluted	30,119,646	30,430,745

HAFC Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 256,038	$ 302,324
Securities available for sale, at fair value (amortized cost of $978,580 and $967,031 as of March 31, 2024 and December 31, 2023, respectively)	872,190	865,739
Loans held for sale, at the lower of cost or fair value	3,999	12,013
Loans receivable, net of allowance for credit losses of $68,270 and $69,462 as of March 31, 2024 and December 31, 2023, respectively	6,109,570	6,112,972
Accrued interest receivable	23,032	23,371
Premises and equipment, net	21,952	21,959
Customers' liability on acceptances	161	625
Servicing assets	6,890	7,070
Goodwill and other intangible assets, net	11,074	11,099
Federal Home Loan Bank ("FHLB") stock, at cost	16,385	16,385
Income tax assets	35,863	35,226
Bank-owned life insurance	56,639	56,335
Prepaid expenses and other assets	98,253	105,223
Total assets	7,512,046	7,570,341
Deposits:
Noninterest-bearing	1,933,060	2,003,596
Interest-bearing	4,443,000	4,276,978
Total deposits	6,376,060	6,280,574
Accrued interest payable	38,007	39,306
Bank's liability on acceptances	161	625
Borrowings	172,500	325,000
Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $6,635 and $6,788 as of March 31, 2024 and December 31, 2023, respectively)	130,165	130,012
Accrued expenses and other liabilities	92,053	92,933
Total liabilities	6,808,946	6,868,450
Stockholders' equity:
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of March 31, 2024 and December 31, 2023
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,957,284 shares (30,276,358 shares outstanding) and 33,918,035 shares (30,368,655 shares outstanding) as of March 31, 2024 and December 31, 2023, respectively	34	34
Additional paid-in capital	587,687	586,912
Accumulated other comprehensive loss, net of tax benefit of $31,401 and $29,058 as of March 31, 2024 and December 31, 2023, respectively	(76,890)	(71,928)
Retained earnings	326,526	319,048
Less treasury stock; 3,680,926 shares and 3,549,380 shares as of March 31, 2024 and December 31, 2023, respectively	(134,257)	(132,175)
Total stockholders' equity	703,100	701,891
Total liabilities and stockholders' equity	$ 7,512,046	$ 7,570,341

About Hanmi Financial Corp

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, interest-bearing checking and 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, as well as international finance, and trade services and products comprising letters of credit, and import and export financing. In addition, it offers consumer loans, secured and unsecured loans, home equity loans, residential mortgages, and credit cards; finance lending to small and middle market businesses; 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. The company was founded in 1982 and is headquartered in Los Angeles, California.

CEO	Ms. Bonita I. Lee
WEBSITE	hanmi.com
INDUSTRY	Banks Diversified
EMPLOYEES	619

Hanmi Financial Corp Frequently Asked Questions

What is the ticker symbol for Hanmi Financial Corp? What does HAFC stand for in stocks?

HAFC is the stock ticker symbol of Hanmi Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Hanmi Financial Corp (HAFC)?

As of Tue May 07 2024, market cap of Hanmi Financial Corp is 485.59 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HAFC stock?

You can check HAFC's fair value in chart for subscribers.

What is the fair value of HAFC stock?

You can check HAFC's fair value in chart for subscribers. The fair value of Hanmi Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Hanmi Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HAFC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Hanmi Financial Corp a good stock to buy?

The fair value guage provides a quick view whether HAFC is over valued or under valued. Whether Hanmi Financial Corp is cheap or expensive depends on the assumptions which impact Hanmi Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HAFC.

What is Hanmi Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, HAFC's PE ratio (Price to Earnings) is 6.63 and Price to Sales (PS) ratio is 1.27. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HAFC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Hanmi Financial Corp's stock?

In the past 10 years, Hanmi Financial Corp has provided -0.005 (multiply by 100 for percentage) rate of return.