Hanmi Financial Corporation

$ 31.21 1.53 %

Hanmi Financial Corporation serves as the parent company for Hanmi Bank, which delivers a wide spectrum of commercial banking solutions across the United States. The bank's diverse deposit offerings include checking accounts (both interest-bearing and non-interest-bearing), savings accounts, negotiable order of withdrawal (NOW) accounts, money market accounts, and certificates of deposit. Regarding lending, Hanmi provides various types of credit: Real Estate Loans: Covering commercial properties, construction projects, and residential homes. Commercial and Industrial Loans: Such as commercial term loans and lines of credit. International Finance and Trade Services: Including letters of credit and import/export financing. Consumer Loans: Encompassing general consumer loans, secured and unsecured options, home equity loans, residential mortgages, and credit cards. A significant focus is placed on assisting small and mid-sized businesses with Small Business Administration (SBA) and trade finance lending. These SBA programs support a range of business activities, including the acquisition of owner-occupied commercial real estate, funding for business acquisitions and startups, franchise financing, working capital, property improvements and renovations, inventory and equipment purchases, and debt refinancing. Additionally, equipment lease financing is available. As of February 28, 2022, Hanmi Financial operated a network comprising 35 full-service branches and 8 loan production offices situated across California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. The institution was established in 1982 and maintains its headquarters in Los Angeles, California.

CEO: Bonita I. Lee - https://www.hanmi.com

Price objectif

$33.5 7.34 %

Recommandation

Hold

DCF

$ 21.58

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HAFC vs S&P500

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Quick ratio

0.06

indicates that the company may have difficulty covering its short-term debts with its readily available assets.

P/E ratio

11.65

is considered reasonable, suggesting that the company has a valuation in line with its current profits.

EPS

2.68

is the net profit of a company divided by the number of outstanding shares, indicating the profit earned per share.

ROE

10.31 %

reflects reasonable profitability, showing good use of equity.

ROIC

7.43 %

does not generate enough return to cover its financing costs, which indicates value destruction and may pose long-term profitability issues.

WACC

16.07

is a company's average cost of capital, weighted by the proportion of debt and equity in its financing. It represents the minimum return the company must generate to satisfy its investors.

Debt-to-Equity Ratio

0.16

indicates that the company uses more equity than debt, suggesting prudent management.

Free cash flow per share

6.79

is a measure of a company's financial flexibility that is determined by dividing free cash flow by the total number of shares outstanding.

Dividend payout ratio

40.56 %

indicates that the company is retaining a large portion of its profits to reinvest in growth

Earnings per share

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Financials

Piotroski score
8 indicates good financial health
Altman score
-0.73 indicates a high risk of bankruptcy
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Cash / Debt

Cash Ratio
0.04 indicates liquidity risk, as the company may not have enough cash to meet its immediate obligations
Debt Ratio
0.02 indicates that the company uses little debt to finance its assets, suggesting good financial stability
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Free Cash Flow

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Earnings Per Share (annual)

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Sales

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