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HAFC logo HAFC
Upturn stock ratingUpturn stock rating
HAFC logo

Hanmi Financial Corporation (HAFC)

Upturn stock ratingUpturn stock rating
$22.8
Last Close (24-hour delay)
Profit since last BUY-2.06%
upturn advisory
WEAK BUY
BUY since 33 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

06/20/2025: HAFC (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

4 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Year Target Price $27

Year Target Price $27

Analyst’s Price TargetsFor last 52 week
$27Target price
Low$15.02
Current$22.8
high$26.97

Analysis of Past Performance

Type Stock
Historic Profit 29.31%
Avg. Invested days 33
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/20/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 749.56M USD
Price to earnings Ratio 11.65
1Y Target Price 27.38
Price to earnings Ratio 11.65
1Y Target Price 27.38
Volume (30-day avg) -
Beta 0.7
52 Weeks Range 15.02 - 26.97
Updated Date 06/29/2025
52 Weeks Range 15.02 - 26.97
Updated Date 06/29/2025
Dividends yield (FY) 4.35%
Basic EPS (TTM) 2.13

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 27.91%
Operating Margin (TTM) 41.79%

Management Effectiveness

Return on Assets (TTM) 0.85%
Return on Equity (TTM) 8.9%

Valuation

Trailing PE 11.65
Forward PE 8.62
Enterprise Value 703066112
Price to Sales(TTM) 3.23
Enterprise Value 703066112
Price to Sales(TTM) 3.23
Enterprise Value to Revenue 4.19
Enterprise Value to EBITDA -
Shares Outstanding 30212100
Shares Floating 29330766
Shares Outstanding 30212100
Shares Floating 29330766
Percent Insiders 1.95
Percent Institutions 93.71

Analyst Ratings

Rating 3.75
Target Price 27
Buy 1
Strong Buy 1
Buy 1
Strong Buy 1
Hold 2
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Hanmi Financial Corporation

stock logo

Company Overview

overview logo History and Background

Hanmi Financial Corporation was founded in 1982 to serve the Korean-American community in Southern California. It has grown to become a multi-ethnic bank with a focus on small and medium-sized businesses. Significant milestones include expansion beyond California and diversification of its product offerings.

business area logo Core Business Areas

  • Commercial Banking: Provides a range of commercial banking products and services, including commercial loans, real estate loans, and business checking accounts.
  • Retail Banking: Offers retail banking services, such as personal checking and savings accounts, as well as residential mortgage loans.
  • SBA Lending: Specializes in Small Business Administration (SBA) lending to support small business growth.

leadership logo Leadership and Structure

The leadership team consists of the CEO, CFO, and other executive officers. The organizational structure is typical of a regional bank, with divisions for commercial lending, retail banking, and operations.

Top Products and Market Share

overview logo Key Offerings

  • Commercial Real Estate Loans: Commercial Real Estate Loans cater to income-producing properties, owner-occupied properties and new construction. Competitors include regional banks like Bank of Hope (HOPE), PacWest Bancorp (PACW) , and national banks like Wells Fargo (WFC), Bank of America (BAC) - Market share data is not readily available.
  • SBA Loans: SBA Loans provide financing to small businesses. The top SBA lenders are primarily regional and community banks. No granular market share data readily available. Competitors include Live Oak Bancshares (LOB), Western Alliance Bancorp (WAL)
  • Commercial and Industrial Loans: Commercial and Industrial Loans provide financing to businesses, primarily to fund operations or capital investments. Competitors include regional banks like Bank of Hope (HOPE), PacWest Bancorp (PACW) , and national banks like Wells Fargo (WFC), Bank of America (BAC) - Market share data is not readily available.

Market Dynamics

industry overview logo Industry Overview

The banking industry is highly competitive, with increasing regulatory scrutiny and evolving customer expectations. Fintech companies are also posing a challenge to traditional banks.

Positioning

Hanmi Financial Corporation positions itself as a community-focused bank with a strong understanding of the Korean-American market. Its competitive advantage lies in its cultural affinity and personalized service.

Total Addressable Market (TAM)

The TAM for community banks serving diverse ethnic markets is significant. Hanmi is positioned to capture a portion of this TAM by focusing on its niche and expanding its services.

Upturn SWOT Analysis

Strengths

  • Strong presence in the Korean-American market
  • Experienced management team
  • Solid asset quality
  • Strong SBA Lending Business

Weaknesses

  • Geographic concentration
  • Limited product diversification
  • Dependence on interest rate environment
  • Smaller size compared to national banks

Opportunities

  • Expansion into new markets
  • Increased adoption of digital banking
  • Growing demand for SBA loans
  • Strategic acquisitions

Threats

  • Increased competition from larger banks
  • Economic downturn
  • Regulatory changes
  • Rising interest rates

Competitors and Market Share

competitor logo Key Competitors

  • HOPE
  • PACW
  • WAL
  • CASH

Competitive Landscape

Hanmi has a strong position in the Korean-American community but faces intense competition from larger regional and national banks. Its smaller size and limited product diversification are disadvantages. Its focus on personalized service is an advantage.

Major Acquisitions

United Central Bank

  • Year: 2014
  • Acquisition Price (USD millions): 62
  • Strategic Rationale: Expanded Hanmi's geographic footprint and customer base.

Growth Trajectory and Initiatives

Historical Growth: Requires live data feed, will populate with mock data for the structural response.

Future Projections: Requires live data feed, will populate with mock data for the structural response.

Recent Initiatives: Requires live data feed, will populate with mock data for the structural response.

Summary

Hanmi Financial Corporation is a regional bank with a strong presence in the Korean-American market. While it benefits from its cultural affinity and experienced management, it faces competition from larger banks and needs to diversify its product offerings. Strategic acquisitions and expansion into new markets could drive future growth, but economic downturns pose a threat.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Analyst reports
  • Industry publications
  • Yahoo Finance

Disclaimers:

The information provided is for informational purposes only and does not constitute financial advice. Market share data is approximate and may vary by source.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Hanmi Financial Corporation

Exchange NASDAQ
Headquaters Los Angeles, CA, United States
IPO Launch date 1996-10-04
President, CEO & Director Ms. Bonita I. Lee
Sector Financial Services
Industry Banks - Regional
Full time employees 597
Full time employees 597

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 deposit products, including noninterest-bearing checking, negotiable order of withdrawal, savings, and money market accounts, as well as certificates of deposit. It also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans comprising commercial term loan, and commercial lines of credit and international; equipment lease financing; and international finance and trade services and products, including letters of credit, and import and export financing. In addition, the company offers small business administration loans for business purposes, such as owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing. The company was founded in 1982 and is based in Los Angeles, California.