Home Sectors Financial Services Latest Valuation: Hanmi Financial Corporation (NASDAQ: HAFC)

Latest Valuation: Hanmi Financial Corporation (NASDAQ: HAFC)

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Hanmi Financial Corporation trades as part of the banking industry and is in the financial services sector. The company CEO is Chong Guk Kum. Hanmi Financial Corp is a community bank conducting general banking business. It provides its services to small- to medium-sized businesses. It also offers insurance products such as; life, commercial, automobile, health, and property and casualty.

Previous Intraday Trading Performance:

The HAFC stock showed a previous change of 0.19% with an open at 20.74 and a close of 20.78. It reached an intraday high of 21.03 and a low of 20.52.

SeekingAlpha:  Wall Street scales back expectations on bank earnings

Liquidity:

The stock has a market cap of $660.4m with 31.8m shares outstanding, of which the float is 24.0m shares. Trading volume reached 173,225 shares compared to its average volume of 250,294 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Hanmi Financial Corporation shares returned 3.23% and in the past 30 trading days it returned -3.84%. Over three months, it changed -13.82%. In one year it has changed -28.81% and within that year its 52-week high was 32.46 and its 52-week low was 17.56. HAFC stock is 18.34% above its 52 Week Low.

Our calculations show a 200 day moving average of 25.44 and a 50 day moving average of 20.53. Currently HAFC stock is trading -18.32% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Wall Street scales back expectations on bank earnings

Earnings:

The last annual fiscal EPS for the company was reported at 1.7 that ended on 31st of December 2017, which according to the previous close, that is a PE of 12.22. Based on 4 analyst estimates, the consensus EPS for the next quarter is 0.51. The TTM EPS is 1.92, which comes to a TTM PE of 10.82. Historically, the PE high was 20.90 and the PE low was 4.70. If the stock reached its PE low, that would represent a price of 9.03, which is a decrease of -56.56%.

The following are the last four quarter reported earnings per share:
09-30-2018:  0.50
06-30-2018:  0.48
03-31-2018:  0.46
12-31-2017:  0.48

The dividend per share is currently 0.96, which is a dividend yield of 4.62%. Also, the payout ratio is 50.00%, therefore the dividend is safe according to our calculations. HAFC stock has a high dividend yield, but because the company has sufficient earnings to cover future dividends, it may be a good investment opportunity for an income portfolio.

Indicators to Watch:

Based on the latest filings, there is 147.60% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 0.96

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 10.28%, return on assets is 1.09%, profit margin is 24.38%, price-to-sales is 3.46 and price-to-book is 1.15.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 2  :Past Performance Score
 6  :Financial Strength Score
 1  :Future Growth Score
 6  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.