28-Mar-2024
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Hanmi Financial Declares Cash Dividend of $0.25 per share
Globe Newswire (Thu, 25-Jan 8:30 AM ET)
James Marasco Appointed to the Board of Hanmi Financial Corporation
Globe Newswire (Thu, 25-Jan 8:30 AM ET)
Hanmi Reports 2023 Fourth Quarter and Full Year Results
Globe Newswire (Tue, 23-Jan 4:05 PM ET)
Hanmi Financial Corporation Announces Fourth Quarter 2023 Earnings and Conference Call Date
Globe Newswire (Tue, 9-Jan 4:05 PM ET)
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 March 28, 2024, HAFC stock price climbed to $15.92 with 200,716 million shares trading.
HAFC has a beta of 1.55, meaning it tends to be more sensitive to market movements. HAFC has a correlation of 0.24 to the broad based SPY ETF.
HAFC has a market cap of $483.47 million. This is considered a Small Cap stock.
Last quarter Hanmi Financial reported $60 million in Revenue and $.61 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.02.
In the last 3 years, HAFC stock 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, VXF, AVUV.
HAFC has underperformed the market in the last year with a return of -11.8%, while the SPY ETF gained +33.6%. In the last 3 month period, HAFC fell short of the market, returning -19.4%, while SPY returned +10.1%. However, in the most recent 2 weeks HAFC has outperformed the stock market by returning +4.3%, while SPY returned +1.7%.
HAFC support price is $15.50 and resistance is $16.24 (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 stock will trade within this expected range on the day.