HAFC Stock Summary and Trading Ideas (Hanmi Financial | NASDAQ:HAFC)

Hanmi Financial Corp is a Los Angeles-based bank that caters to Korean-Americans and other multi-ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia, and Washington. The bank mainly focuses on small businesses and commercial and real estate loans. Hanmi also offers trade-finance products. The bank has several lending offices outside California and plans to expand outside the state mainly through acquisitions. The Bank's revenues are derived from interest and fees on loans, interest, and dividends on the securities portfolio, service charges on deposit accounts, and sales of SBA loans.

Hanmi Financial trades on the NASDAQ stock market under the symbol HAFC.

As of December 13, 2024, HAFC stock price declined to $26.00 with 159,552 million shares trading.

HAFC has a beta of 0.47, meaning it tends to be less sensitive to market movements. HAFC has a correlation of 0.03 to the broad based SPY ETF.

HAFC has a market cap of $785.12 million. This is considered a Small Cap stock.

Last quarter Hanmi Financial reported $58 million in Revenue and $.49 earnings per share. This fell short of revenue expectation by $-491,000 and exceeded earnings estimates by $.01.

In the last 3 years, HAFC traded as high as $28.84 and as low as $13.35.

The top ETF exchange traded funds that HAFC belongs to (by Net Assets): IJR, VTI, IWM, AVUV, VXF.

HAFC has outperformed the market in the last year with a return of +41.3%, while the SPY ETF gained +29.9%. In the last 3 month period, HAFC beat the market returning +38.7%, while SPY returned +7.8%. However, in the most recent 2 weeks HAFC has underperformed the stock market by returning -1.7%, while SPY returned +0.3%.

HAFC support price is $25.53 and resistance is $26.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HAFC shares will trade within this expected range on the day.