Hanmi Financial (NASDAQ:HAFC – Get Free Report) is one of 920 public companies in the “Banks” industry, but how does it contrast to its peers? We will compare Hanmi Financial to similar businesses based on the strength of its risk, institutional ownership, earnings, analyst recommendations, valuation, profitability and dividends.
Dividends
Hanmi Financial pays an annual dividend of $1.12 per share and has a dividend yield of 3.4%. Hanmi Financial pays out 36.8% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 9.5% and pay out 28.9% of their earnings in the form of a dividend. Hanmi Financial has increased its dividend for 1 consecutive years. Hanmi Financial lags its peers as a dividend stock, given its lower dividend yield and higher payout ratio.
Risk & Volatility
Hanmi Financial has a beta of 0.72, indicating that its share price is 28% less volatile than the S&P 500. Comparatively, Hanmi Financial’s peers have a beta of 0.61, indicating that their average share price is 39% less volatile than the S&P 500.
Earnings & Valuation
This table compares Hanmi Financial and its peers revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Hanmi Financial | $444.90 million | $76.09 million | 10.71 |
| Hanmi Financial Competitors | $37.86 billion | $2.41 billion | 16.68 |
Hanmi Financial’s peers have higher revenue and earnings than Hanmi Financial. Hanmi Financial is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Institutional and Insider Ownership
88.7% of Hanmi Financial shares are owned by institutional investors. Comparatively, 47.7% of shares of all “Banks” companies are owned by institutional investors. 2.1% of Hanmi Financial shares are owned by company insiders. Comparatively, 9.8% of shares of all “Banks” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Profitability
This table compares Hanmi Financial and its peers’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Hanmi Financial | 20.06% | 11.30% | 1.15% |
| Hanmi Financial Competitors | 15.63% | 9.45% | 0.93% |
Analyst Recommendations
This is a summary of recent recommendations and price targets for Hanmi Financial and its peers, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Hanmi Financial | 0 | 4 | 2 | 0 | 2.33 |
| Hanmi Financial Competitors | 7458 | 30162 | 27713 | 1451 | 2.35 |
Hanmi Financial currently has a consensus price target of $33.40, suggesting a potential upside of 2.61%. As a group, “Banks” companies have a potential upside of 17.50%. Given Hanmi Financial’s peers stronger consensus rating and higher possible upside, analysts plainly believe Hanmi Financial has less favorable growth aspects than its peers.
Summary
Hanmi Financial peers beat Hanmi Financial on 10 of the 15 factors compared.
About Hanmi Financial
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. The company also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans, such as commercial term loans and commercial lines of credit; and international finance and trade services and products, such as letters of credit, and import and export financing. In addition, it offers small business administration loans for business purposes, which comprise owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing, as well as equipment lease financing. The company was founded in 1982 and is headquartered in Los Angeles, California.
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