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 noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. It 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, the company offers consumer loans, secured and unsecured loans, home equity loans, and credit cards; SBA and trade 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. As of February 16, 2021, it operated a network of 35 full-service branches and 9 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. The company was founded in 1982 and is headquartered in Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: hanmi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2024 | Neutral → Buy | Janney | |
| 10/24/2024 | $20.00 → $25.50 | Neutral → Overweight | Piper Sandler |
| 10/2/2024 | $20.00 → $22.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 5/18/2022 | $25.00 | Buy → Neutral | DA Davidson |
| 1/26/2022 | $24.00 → $29.00 | Buy | JonesTrading |
| 11/15/2021 | $24.00 → $28.00 | Neutral → Buy | DA Davidson |
| 11/15/2021 | Neutral → Buy | DA Davidson |
LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) ("Hanmi"), today announced that Hanmi Bank opened its first representative office in Seoul, South Korea, which further enhances the bank's U.S. Subsidiaries of Korean Companies ("USKC") business initiative. The new representative office is located within the International Finance Center Seoul ("IFC") and will allow Hanmi Bank to better reach and support its USKC customer base. This latest effort complements the bank's existing Korea Desks in Los Angeles, Orange County, San Diego and Silicon Valley in California, and in key cities in New York, New Jersey, Georgia and Texas. "This convenient location i
LOS ANGELES, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced that its Board of Directors declared a cash dividend on its common stock for the 2024 fourth quarter of $0.25 per share. The dividend will be paid on November 20, 2024, to stockholders of record as of the close of business on November 4, 2024. About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, N
LOS ANGELES, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today reported financial results for the third quarter of 2024. Net income for the third quarter of 2024 was $14.9 million, or $0.49 per diluted share, compared with $14.5 million, or $0.48 per diluted share, for the second quarter of 2024. The return on average assets for the third quarter of 2024 was 0.79% and the return on average equity was 7.55%, compared with a return on average assets of 0.77% and the return on average equity of 7.50% for the second quarter of 2024. CEO Commentary"Our third quarter re
LOS ANGELES, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will report third quarter 2024 financial results after the market close on Tuesday, October 22, 2024. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investment professionals and all current and prospective shareholders are invited to access the live call on October 22 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code "Hanmi Bank". To listen to the call online visit the investor relations page of Hanmi's website at www.hanmi.co
LOS ANGELES, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced its participation in the Janney Financial Services Conference on Tuesday, September 17, 2024, in Washington, DC. Bonnie Lee, President and Chief Executive Officer, and Ron Santarosa, Chief Financial Officer, will host one-on-one meetings throughout the day. A copy of the presentation being used for meetings with institutional investors will be available in the Investor Relations section of the Company's website at www.hanmi.com. About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Co
LOS ANGELES, July 25, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced that its Board of Directors declared a cash dividend on its common stock for the 2024 third quarter of $0.25 per share. The dividend will be paid on August 21, 2024, to stockholders of record as of the close of business on August 5, 2024. About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jers
LOS ANGELES, July 24, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced its participation in the 25th Annual KBW Community Bank Investor Conference on Tuesday, July 30, 2024, in New York City. Bonnie Lee, President and Chief Executive Officer, and Ron Santarosa, Chief Financial Officer, will host one-on-one and small group meetings throughout the day. A copy of the presentation being used for meetings with institutional investors will be available in the Investor Relations section of the Company's website at www.hanmi.com. About Hanmi Financial Corporation Headquartered in Los Angeles, Califor
LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today reported financial results for the second quarter of 2024. Net income for the second quarter of 2024 was $14.5 million, or $0.48 per diluted share, compared with $15.2 million, or $0.50 per diluted share, for the first quarter of 2024. The return on average assets for the second quarter of 2024 was 0.77% and the return on average equity was 7.50%, compared with a return on average assets of 0.81% and the return on average equity of 7.90% for the first quarter of 2024. CEO Commentary "Our second quarter results demonstrate that while
LOS ANGELES, July 09, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will report second quarter 2024 financial results at the market close on Tuesday, July 23, 2024. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investment professionals and all current and prospective shareholders are invited to access the live call on July 23 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code "Hanmi Bank". To listen to the call online visit the investor relations page of Hanmi's website at www.hanmi.com. The w
LOS ANGELES, May 06, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced its participation in the D.A. Davidson 26th Annual Financial Institutions Conference on Thursday, May 9, 2024, in Colorado Springs, CO. Bonnie Lee, President and Chief Executive Officer, and other members of the executive team will host one-on-one and small group meetings throughout the day. A copy of the presentation being used for meetings with institutional investors will be available in the Investor Relations section of the Company's website at www.hanmi.com. About Hanmi Financial Corporation Headquartered in Los
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Janney upgraded Hanmi Financial from Neutral to Buy
Piper Sandler upgraded Hanmi Financial from Neutral to Overweight and set a new price target of $25.50 from $20.00 previously
Keefe Bruyette upgraded Hanmi Financial from Mkt Perform to Outperform and set a new price target of $22.00 from $20.00 previously
DA Davidson downgraded Hanmi Financial from Buy to Neutral and set a new price target of $25.00
JonesTrading reiterated coverage of Hanmi Financial with a rating of Buy and set a new price target of $29.00 from $24.00 previously
DA Davidson upgraded Hanmi Financial from Neutral to Buy and set a new price target of $28.00 from $24.00 previously
DA Davidson upgraded Hanmi Financial from Neutral to Buy
Jonestrading initiated coverage of Hanmi Financial with a rating of Buy
JonesTrading initiated coverage of Hanmi Financial with a rating of Buy and set a new price target of $24.00
Janney upgraded Hanmi Financial from Neutral to Buy
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LOS ANGELES, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced that its Board of Directors declared a cash dividend on its common stock for the 2024 fourth quarter of $0.25 per share. The dividend will be paid on November 20, 2024, to stockholders of record as of the close of business on November 4, 2024. About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, N
LOS ANGELES, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today reported financial results for the third quarter of 2024. Net income for the third quarter of 2024 was $14.9 million, or $0.49 per diluted share, compared with $14.5 million, or $0.48 per diluted share, for the second quarter of 2024. The return on average assets for the third quarter of 2024 was 0.79% and the return on average equity was 7.55%, compared with a return on average assets of 0.77% and the return on average equity of 7.50% for the second quarter of 2024. CEO Commentary"Our third quarter re
LOS ANGELES, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will report third quarter 2024 financial results after the market close on Tuesday, October 22, 2024. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investment professionals and all current and prospective shareholders are invited to access the live call on October 22 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code "Hanmi Bank". To listen to the call online visit the investor relations page of Hanmi's website at www.hanmi.co
LOS ANGELES, July 25, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced that its Board of Directors declared a cash dividend on its common stock for the 2024 third quarter of $0.25 per share. The dividend will be paid on August 21, 2024, to stockholders of record as of the close of business on August 5, 2024. About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jers
LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today reported financial results for the second quarter of 2024. Net income for the second quarter of 2024 was $14.5 million, or $0.48 per diluted share, compared with $15.2 million, or $0.50 per diluted share, for the first quarter of 2024. The return on average assets for the second quarter of 2024 was 0.77% and the return on average equity was 7.50%, compared with a return on average assets of 0.81% and the return on average equity of 7.90% for the first quarter of 2024. CEO Commentary "Our second quarter results demonstrate that while
LOS ANGELES, July 09, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will report second quarter 2024 financial results at the market close on Tuesday, July 23, 2024. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investment professionals and all current and prospective shareholders are invited to access the live call on July 23 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code "Hanmi Bank". To listen to the call online visit the investor relations page of Hanmi's website at www.hanmi.com. The w
LOS ANGELES, April 25, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced that its Board of Directors declared a cash dividend on its common stock for the 2024 second quarter of $0.25 per share. The dividend will be paid on May 22, 2024, to stockholders of record as of the close of business on May 6, 2024. In addition, the Board of Directors today approved a new stock repurchase program. Under the new repurchase program, the Company may repurchase up to 5% of its outstanding shares, or approximately 1.5 million shares of its common stock. "We believe Hanmi's long-term growth prospects are attrac
LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today reported financial results for the first quarter of 2024. Net income for the first quarter of 2024 was $15.2 million, or $0.50 per diluted share, compared with $18.6 million, or $0.61 per diluted share, for the fourth quarter of 2023. The return on average assets for the first quarter was 0.81% and the return on average equity was 7.90%, compared with a return on average assets of 0.99% and the return on average equity of 9.70% for the fourth quarter of 2023. CEO Commentary"Our first quarter performance highlights the continued exec
LOS ANGELES, April 09, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will report first quarter 2024 financial results at the market close on Tuesday, April 23, 2024. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investment professionals and all current and prospective shareholders are invited to access the live call on April 23 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code Hanmi Bank. To listen to the call online visit the investor relations page of Hanmi's website at www.hanmi.com. The w
LOS ANGELES, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced that its Board of Directors declared a cash dividend on its common stock for the 2024 first quarter of $0.25 per share. The dividend will be paid on February 22, 2024, to stockholders of record as of the close of business on February 5, 2024. About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 35 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New
Wedbush analyst David Chiaverini maintains Hanmi Financial (NASDAQ:HAFC) with a Neutral and raises the price target from $17 to $22.
DA Davidson analyst Gary Tenner maintains Hanmi Financial (NASDAQ:HAFC) with a Neutral and raises the price target from $18 to $21.
Hanmi Financial (NASDAQ:HAFC) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.47 by 2.13 percent. The company reported quarterly sales of $56.677 million which missed the analyst consensus estimate of $58.700 million by 3.45 percent. This is a 10.54 percent decrease over sales of $63.357 million the same period last year.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TFC CALL TRADE BULLISH 08/16/24 $45.00 $636.3K 895 10.1K UPST CALL TRADE BULLISH 12/20
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. Hanmi Financial Corporation (NASDAQ:HAFC) Dividend Yield: 5.76% Wedbush analyst David Chiaverini reiterated a Neutral rating with
Keefe, Bruyette & Woods analyst Kelly Motta reiterates Hanmi Financial (NASDAQ:HAFC) with a Market Perform and lowers the price target from $18.5 to $18.
Wedbush analyst David Chiaverini reiterates Hanmi Financial (NASDAQ:HAFC) with a Neutral and maintains $17 price target.
Hanmi Financial (NASDAQ:HAFC) reported quarterly earnings of $0.50 per share which missed the analyst consensus estimate of $0.51 by 1.96 percent. This is a 26.47 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $58.388 million which missed the analyst consensus estimate of $59.026 million by 1.08 percent. This is a 11.79 percent decrease over sales of $66.189 million the same period last year.
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