Hanmi Financial (HAFC, Financial), based in Los Angeles, experienced a notable increase in its stock price, rising by 5.29% to $22.70 per share. The trading volume reached 167,072 shares, reflecting a turnover rate of 0.55% and a price fluctuation of 3.29%.
In its latest financial report, Hanmi Financial reported a revenue of $108 million and a net profit of $14.89 million, translating to earnings of $0.50 per share. The company's price-to-earnings ratio stands at 10.91. Among six rating institutions, 33% recommended buying the stock, while 67% suggested holding. No institutions advised selling.
Within the broader banking sector, which saw an overall decline of 1.38%, certain related stocks like LendingClub Corporation and Eagle Bancorp, Inc. showed significant gains. LendingClub Corporation, in particular, exhibited a turnover rate of 5.71% and a fluctuation of 15.85%, indicating active trading.
Hanmi Financial serves Korean-American and multi-ethnic communities across several U.S. states, focusing on small business, commercial, and real estate loans. The bank also offers trade finance products and earns revenue from loan interests, securities investments, service fees on deposit accounts, and sales of SBA loans. Hanmi plans to expand primarily through acquisitions outside California.
