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Upturn AI SWOT - About
HAFC 
Hanmi Financial Corporation (HAFC)
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Upturn Advisory Summary
03/27/2025: HAFC (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type Stock | Historic Profit 30.56% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 681.83M USD | Price to earnings Ratio 11.01 | 1Y Target Price 27.2 |
Price to earnings Ratio 11.01 | 1Y Target Price 27.2 | ||
Volume (30-day avg) 201746 | Beta 0.86 | 52 Weeks Range 13.73 - 27.29 | Updated Date 03/30/2025 |
52 Weeks Range 13.73 - 27.29 | Updated Date 03/30/2025 | ||
Dividends yield (FY) 4.78% | Basic EPS (TTM) 2.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 27.05% | Operating Margin (TTM) 42.31% |
Management Effectiveness
Return on Assets (TTM) 0.82% | Return on Equity (TTM) 8.68% |
Valuation
Trailing PE 11.01 | Forward PE 8.62 | Enterprise Value 804702016 | Price to Sales(TTM) 2.97 |
Enterprise Value 804702016 | Price to Sales(TTM) 2.97 | ||
Enterprise Value to Revenue 4.6 | Enterprise Value to EBITDA - | Shares Outstanding 30196200 | Shares Floating 29390675 |
Shares Outstanding 30196200 | Shares Floating 29390675 | ||
Percent Insiders 1.74 | Percent Institutions 93.12 |
Analyst Ratings
Rating 3.5 | Target Price 27.1 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 4 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Hanmi Financial Corporation
Company Overview
History and Background
Hanmi Financial Corporation was founded in 1982 to serve the Korean-American community in Southern California. It has grown through organic expansion and acquisitions, becoming a leading community bank catering to a diverse customer base.
Core Business Areas
- Commercial Banking: Offers a range of commercial lending products and services, including commercial real estate loans, business loans, and lines of credit.
- Retail Banking: Provides deposit accounts, personal loans, and other retail banking services to individuals and small businesses.
- SBA Lending: Specializes in Small Business Administration (SBA) loans, supporting small business growth.
Leadership and Structure
The company is led by a CEO and executive team, with a board of directors overseeing strategic direction. It operates through a network of branch offices and online channels.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Provides financing for commercial real estate projects. Market share information unavailable. Competitors include other regional and national banks with commercial real estate lending operations.
- SBA Loans: Offers SBA loans to small businesses. Market share information unavailable. Competitors include other banks specializing in SBA lending, such as Live Oak Bank and Celtic Bank.
- Business Loans and Lines of Credit: Provides short and long-term funding options for businesses. Market share information unavailable. Competitors include other regional and national banks.
Market Dynamics
Industry Overview
The banking industry is highly competitive and influenced by factors such as interest rates, regulatory changes, and economic conditions. Community banks face increasing competition from larger banks and fintech companies.
Positioning
Hanmi Financial Corporation is positioned as a community bank with a strong focus on serving the Korean-American community and small to medium-sized businesses. Its competitive advantage lies in its local market knowledge and customer relationships.
Total Addressable Market (TAM)
The TAM for banking services in Southern California and other regions where Hanmi operates is substantial. Hanmi's positioning within the Korean-American community and focus on small businesses gives it access to a significant portion of this TAM. The specific TAM value is difficult to quantify precisely.
Upturn SWOT Analysis
Strengths
- Strong presence in Korean-American communities
- Experienced management team
- Solid financial performance
- Focus on small business lending
Weaknesses
- Geographic concentration in California
- Limited diversification of revenue streams
- Susceptibility to interest rate fluctuations
- Higher cost of deposits compared to larger banks
Opportunities
- Expansion into new markets
- Increased adoption of digital banking technologies
- Strategic acquisitions
- Growth in the SBA lending market
Threats
- Increased competition from larger banks and fintech companies
- Economic downturns affecting loan quality
- Changes in banking regulations
- Rising interest rates
Competitors and Market Share
Key Competitors
- CUBI
- OZK
- BOH
Competitive Landscape
Hanmi Financial Corporation competes with other regional and national banks, as well as fintech companies. Its competitive advantages include its focus on the Korean-American community and its expertise in small business lending. Disadvantages include its geographic concentration and limited revenue diversification.
Major Acquisitions
Pacific City Bank
- Year: 2023
- Acquisition Price (USD millions): 0
- Strategic Rationale: Strengthens presence in Korean-American communities and expands lending capacity.
Growth Trajectory and Initiatives
Historical Growth: Hanmi Financial Corporation has experienced growth through organic expansion and strategic acquisitions. Past performance is not necessarily indicative of future results.
Future Projections: Future growth projections require access to analyst reports and cannot be provided directly. Refer to financial news sources for analyst estimates.
Recent Initiatives: Recent strategic initiatives may include investments in digital banking, expansion into new markets, and strategic acquisitions. Refer to Hanmi Financial Corporation's press releases and investor presentations for information on recent initiatives.
Summary
Hanmi Financial Corporation serves a unique niche in the banking sector. They have a solid understanding of Korean-American markets and are focused on small business clients. A risk is their geographic concentration and increasing competition from other banks. They need to watch the economic indicators to safeguard against loan defaults.
Similar Companies
- CUBI
- OZK
- BOH
- TFC
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Website (Investor Relations)
- Financial News Outlets
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may not be precise. Investment decisions should be based on thorough research and consultation with a financial professional.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hanmi Financial Corporation
Exchange NASDAQ | Headquaters Los Angeles, CA, United States | ||
IPO Launch date 1996-10-04 | President, CEO & Director Ms. Bonita I. Lee | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 597 | Website https://www.hanmi.com |
Full time employees 597 | Website https://www.hanmi.com | ||
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 deposit products, including noninterest-bearing checking, negotiable order of withdrawal, savings, and money market accounts, as well as certificates of deposit. It also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans comprising commercial term loan, and commercial lines of credit and international; equipment lease financing; and international finance and trade services and products, including letters of credit, and import and export financing. In addition, the company offers small business administration loans for business purposes, such as owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing. The company was founded in 1982 and is based in Los Angeles, California.
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