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

15.64USD+0.43 (+2.83%)Market Closed

Market Summary

USD15.64+0.43

Market Closed

2.83%

HAFC Stock Price

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HAFC RSI Chart

HAFC Valuation

Market Cap

460.4M

Price/Earnings (Trailing)

5.75

Price/Sales (Trailing)

1.25

EV/EBITDA

0.46

Price/Free Cashflow

4.27

HAFC Price/Sales (Trailing)

HAFC Profitability

EBT Margin

31.02%

Return on Equity

11.4%

Return on Assets

1.06%

Free Cashflow Yield

23.42%

HAFC Fundamentals

HAFC Revenue

Revenue (TTM)

369.3M

Rev. Growth (Yr)

18.17%

Rev. Growth (Qtr)

3.31%

HAFC Earnings

Earnings (TTM)

80.0M

Earnings Growth (Yr)

-34.57%

Earnings Growth (Qtr)

-0.86%

Breaking Down HAFC Revenue

Last 7 days

2.9%

Last 30 days

-0.1%

Last 90 days

-17.7%

Trailing 12 Months

-16.1%

How does HAFC drawdown profile look like?

HAFC Financial Health

HAFC Investor Care

Dividend Yield

6.57%

Dividend/Share (TTM)

Buy Backs (1Y)

0.75%

Diluted EPS (TTM)

2.62

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
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
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

Very Expensive Stocks

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
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	50,844	311,157	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-1.57	-69,000	293,000	-%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	-53,450	164,393	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	10.93	-27,543	279,539	-%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-70.00	318	-%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	new	-	848,440	848,440	0.02%
Apr 12, 2024	Unison Advisors LLC	added	1.31	-95,230	469,465	0.05%
Apr 12, 2024	AdvisorNet Financial, Inc	sold off	-100	-233	-	-%
Apr 11, 2024	Fortitude Family Office, LLC	sold off	-100	-1,280	-	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	reduced	-32.51	-4,899	6,081	-%

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
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
Apr 15, 2024	4	Insider Trading
Apr 12, 2024	DEFA14A	DEFA14A
Apr 12, 2024	DEF 14A	DEF 14A

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	545.8B	171.1B	-3.62%	34.84%	11.02	3.19	60.72%	31.52%
BAC	297.2B	130.3B	1.89%	26.38%	11.21	2.28	79.51%	-3.68%
WFC	218.6B	85.7B	6.97%	48.18%	11.42	2.55	41.49%	39.96%
C	116.5B	133.3B	0.23%	24.33%	12.63	0.87	79.09%	-
CFG	15.9B	10.2B	-1.71%	19.97%	9.86	1.55	44.53%	-22.43%
KEY	13.7B	7.9B	-2.66%	26.23%	14.13	1.72	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.86%	20.31%	7.91	1.67	56.25%	-23.46%
ZION	6.1B	3.9B	1.70%	40.85%	9.01	1.55	45.91%	-25.03%
ABCB	3.2B	1.3B	-0.47%	37.64%	12	2.52	43.24%	-22.35%
ASB	3.2B	2.0B	2.04%	17.26%	17.33	1.62	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	417.3M	164.9M	-1.17%	36.24%	35.68	2.53	42.66%	-70.76%
AROW	380.7M	162.6M	-5.72%	1.96%	12.66	2.34	25.39%	-38.37%
ACNB	295.6M	96.6M	-1.80%	12.20%	9.33	3.06	11.02%	-11.37%
ASRV	44.4M	60.9M	-3.30%	-12.00%	-13.27	0.73	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	3.3%	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	62.00
EBITDA Margin	-9.9%	0.93*	1.03*	1.17*	1.31*	1.44*	1.55*	1.62*	1.62*	1.60*	1.48*	1.39*	1.27*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.1%	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	46.00
Income Taxes	12.3%	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	8.00
Earnings Before Taxes	3.0%	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	20.00
EBT Margin	-12.2%	0.31*	0.35*	0.41*	0.47*	0.51*	0.59*	0.63*	0.63*	0.63*	0.52*	0.45*	0.37*	-	-	-	-	-	-	-	-	-
Net Income	-0.9%	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	11.00
Net Income Margin	-14.6%	0.22*	0.25*	0.30*	0.34*	0.37*	0.43*	0.46*	0.46*	0.46*	0.37*	0.32*	0.26*	-	-	-	-	-	-	-	-	-
Free Cashflow	-72.2%	8.00	29.00	34.00	36.00	47.00	49.00	30.00	20.00	28.00	-65.61	124	6.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.0%	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	5,502
Cash Equivalents	4.6%	302	289	345	386	352	275	217	312	609	824	698	646	392	360	546	291	122	151	131	170	155
Net PPE	6.0%	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	28.00
Liabilities	2.7%	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	4,950
Shareholder's Equity	5.8%	702	663	669	662	638	609	618	621	643	619	603	582	577	563	547	553	563	575	564	564	553
Retained Earnings	3.6%	319	308	297	284	270	249	229	211	197	170	147	128	115	103	89.00	83.00	101	105	100	105	98.00
Additional Paid-In Capital	0.1%	587	586	585	585	583	583	582	581	581	580	580	579	578	578	577	577	576	575	571	570	570
Shares Outstanding	-0.1%	30.00	30.00	30.00	31.00	30.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-72.2%	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	17,540
Share Based Compensation	-4.5%	743	778	508	652	709	664	681	541	537	664	637	598	633	516	626	769	859	895	659	712	851
Cashflow From Investing	-196.5%	-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	-16,963
Cashflow From Financing	719.6%	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	-4,818
Dividend Payments	-1.3%	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	7,613
Buy Backs	-61.1%	739	1,901	-	-	-	-	-	-	298	4,891	-	946	-	-	-	2,196	7,362	-	-	-	24,945

HAFC Income Statement

2023-12-31

Consolidated Statements of Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Interest and dividend income:

Interest and fees on loans receivable

$ 339,811

$ 257,878

$ 208,602

Interest on securities

16,938

12,351

6,230

Dividends on FHLB stock

1,229

1,024

941

Interest on deposits in other banks

11,350

2,560

902

Total interest and dividend income

369,328

273,813

216,675

Interest expense:

Interest on deposits

134,708

25,938

11,655

Interest on borrowings

6,867

2,249

1,697

Interest on subordinated debentures

6,482

7,979

8,273

Total interest expense

148,057

36,166

21,625

Net interest income before credit loss expense

221,271

237,647

195,050

Credit loss expense (recovery)

4,342

836

(24,403)

Net interest income after credit loss expense (recovery)

216,929

236,811

219,453

Noninterest income:

Service charges on deposit accounts

10,147

11,488

11,043

Trade finance and other service charges and fees

4,832

4,805

4,628

Gain on sale of SBA loans

5,701

9,478

17,266

Net gain (loss) on sales of securities

(1,871)

(499)

Other operating income

15,370

8,429

8,058

Total noninterest income

34,179

34,200

40,496

Noninterest expense:

Salaries and employee benefits

81,398

76,140

72,561

Occupancy and equipment

18,340

17,648

19,075

Data processing

13,695

13,134

12,003

Professional fees

6,255

5,692

5,566

Supplies and communications

2,479

2,638

3,026

Advertising and promotion

3,105

3,637

2,649

Other operating expenses

11,255

11,395

9,575

Total noninterest expense

136,527

130,284

124,455

Income before tax

114,581

140,727

135,494

Income tax expense

34,540

39,333

36,817

Net income

$ 80,041

$ 101,394

$ 98,677

Basic earnings per share

^[1]

$ 2.63

$ 3.33

$ 3.22

Diluted earnings per share

^[1]

$ 2.62

$ 3.32

$ 3.22

Weighted-average shares outstanding:

Basic

30,269,740

30,299,148

30,393,559

Diluted

30,330,258

30,392,057

30,471,747

[1]	Per share amounts may not be able to be recalculated using net income and weighted-average shares presented above due to rounding.

HAFC Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 302,324	$ 352,421
Securities available for sale, at fair value (amortized cost of $967,031 and $978,796 as of December 31, 2023 and 2022, respectively)	865,739	853,838
Loans held for sale, at the lower of cost or fair value	12,013	8,043
Loans receivable, net of allowance for credit losses of $69,462 and $71,523 as of December 31, 2023 and 2022, respectively	6,112,972	5,895,610
Accrued interest receivable	23,371	18,537
Premises and equipment, net	21,959	22,850
Customers' liability on acceptances	625	328
Servicing assets	7,070	7,176
Goodwill and other intangible assets, net	11,099	11,225
Federal Home Loan Bank ("FHLB") stock, at cost	16,385	16,385
Income tax assets	35,226	51,924
Bank-owned life insurance	56,335	55,544
Prepaid expenses and other assets	105,223	84,381
Total assets	7,570,341	7,378,262
Deposits:
Noninterest-bearing	2,003,596	2,539,602
Interest-bearing	4,276,978	3,628,470
Total deposits	6,280,574	6,168,072
Accrued interest payable	39,306	7,792
Bank's liability on acceptances	625	328
Borrowings	325,000	350,000
Subordinated debentures ($136,800 and $136,800 face amount less unamortized discount and debt issuance costs of $6,788 and $7,391 as of December 31, 2023 and 2022, respectively)	130,012	129,409
Accrued expenses and other liabilities	92,933	85,146
Total liabilities	6,868,450	6,740,747
Stockholders' equity:
Preferred Stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of December 31, 2023 and December 31, 2022
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 33,918,035 shares (30,368,655 shares outstanding) and 33,708,234 shares (30,485,621 shares outstanding) as of December 31, 2023 and 2022, respectively	34	33
Additional paid-in capital	586,912	583,410
Accumulated other comprehensive loss, net of tax benefit of $29,058 and $35,973 as of December 31, 2023 and 2022, respectively	(71,928)	(88,985)
Retained earnings	319,048	269,542
Less: treasury stock; 3,549,380 shares and 3,222,613 shares as of December 31, 2023 and 2022, respectively	(132,175)	(126,485)
Total stockholders' equity	701,891	637,515
Total liabilities and stockholders' equity	$ 7,570,341	$ 7,378,262

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 Mon Apr 22 2024, market cap of Hanmi Financial Corp is 460.36 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 Mon Apr 22 2024, HAFC's PE ratio (Price to Earnings) is 5.75 and Price to Sales (PS) ratio is 1.25. 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 -0.006 (multiply by 100 for percentage) rate of return.