On November 6, 2024, Romolo Santarosa, Chief Financial Officer of Hanmi Financial Corp (HAFC, Financial), executed a sale of 25,000 shares of the company at a price of $25.75 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 63,126 shares of Hanmi Financial Corp.
Hanmi Financial Corp operates as the holding company for Hanmi Bank, which provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. The company also provides real estate loans, commercial business loans, and trade finance, as well as consumer loans, such as home equity, auto, and installment loans.
Over the past year, Romolo Santarosa has sold a total of 25,000 shares and has not made any purchases of the company's stock. The insider transaction history for Hanmi Financial Corp shows no insider buys over the past year and only one insider sale during the same timeframe.
Shares of Hanmi Financial Corp were trading at $25.75 on the day of the transaction, giving the company a market cap of $751.588 million. The price-earnings ratio stands at 11.97, which is above the industry median of 10.69.
According to the GF Value, the intrinsic value estimate for Hanmi Financial Corp is $18.94 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.36.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
