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Hanmi Financial ($NASDAQ:HAFC) has seen a new low of $20.55 in 2023, hitting a 52-week low. The cause of the low is unknown, but it is likely due to a combination of economic and market conditions. The current market conditions may have significantly impacted the value of Hanmi Financial, as it is uncertain what will happen in the coming months. Investors may have become spooked by the potential for a recession or other factors that could lead to a further drop in value.
Additionally, the company may have seen increased competition that has driven down the stock price. The financial services industry as a whole has been hit hard by the pandemic and other economic issues, leading to an overall decrease in stock prices for many companies. Hanmi Financial may have been particularly affected due to its focus on consumer lending services, which could have seen a decrease in demand due to the current economic situation. It is uncertain what will happen next, but investors should watch closely to see if the stock price will recover or continue to fall.
On Monday, HANMI FINANCIAL hit a new low of $20.55, a 6.6% drop from its prior closing price of 21.4. Despite the news, many analysts remain positive on the company’s future outlook. At the time of writing, the sentiment was mostly positive, with the stock opening at $20.4 and closing at $20.0. It remains to be seen how the stock will perform in the coming weeks, but there is reason to be optimistic about HANMI FINANCIAL’s future prospects. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Hanmi Financial. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hanmi Financial. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hanmi Financial. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
||Book Value Per Share
Key Ratios Snapshot
Some of the financial key ratios for Hanmi Financial are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
|3Y Rev Growth
||3Y Operating Profit Growth
At GoodWhale, we have analyzed Hanmi Financial’s financials and are pleased to provide our insights. The Star Chart demonstrates that Hanmi is strong in growth, asset, dividend, and medium in profitability. It is classified as a ‘rhino’, which we conclude as a company that has achieved moderate revenue or earnings growth. Considering investors that may be interested in this type of company, those looking for companies with high dividend yields and moderate growth may be a good fit for Hanmi Financial. Additionally, Hanmi has a high health score of 8/10 considering its cashflows and debt. This indicates that the company is capable of paying off debt and funding future operations. More…
Risk Rating Analysis
Star Chart Analysis
As of December 31, 2018, Hanmi Financial Corp had $19.4 billion in total assets, making it one of the largest minority-owned banks in the United States. Headquartered in Los Angeles, California, Hanmi Bank operates 73 full-service branches and 24 loan production offices in California, Colorado, Illinois, New Jersey, New York, Texas, Virginia, Washington, and Wisconsin. Pinnacle Financial Partners Inc, Capitol Federal Financial Inc, and Mountain Pacific Bancorp Inc are all competitors of Hanmi Financial Corp.
– Pinnacle Financial Partners Inc ($NASDAQ:PNFP)
Pinnacle Financial Partners Inc is a regional banking company headquartered in Nashville, Tennessee, with approximately $33.8 billion in assets as of December 31, 2019. The Company operates through its wholly owned subsidiary, Pinnacle Bank, which provides a full range of banking services to small and medium-sized businesses and consumers in the metropolitan markets of Tennessee, North Carolina, South Carolina, Virginia and Georgia.
– Capitol Federal Financial Inc ($NASDAQ:CFFN)
As of 2022, Capitol Federal Financial Inc has a market cap of 1.18B. The company is a financial services holding company that offers banking products and services through its subsidiary, Capitol Federal Savings Bank. Products and services include savings accounts, checking accounts, money market accounts, certificates of deposit, personal loans, home equity loans, and mortgage loans.
HANMI Financial recently hit a new low of $20.55 in 2023, causing investors to take notice. At the time of writing, news about the stock was mostly positive, yet the stock price moved down in response. Investors should review HANMI Financial’s balance sheet, income statement, and cash flow to assess whether the company is currently undervalued, fairly valued, or overvalued.
Additionally, potential investors should consider HANMI Financial’s competitive environment and its company-specific strengths and weaknesses. Careful research and analysis can help investors decide whether HANMI Financial is a good fit for their portfolio.