(HAFC) Hanmi Financial - Ratings and Ratios

Hanmi Financial Corporation is a holding company that operates Hanmi Bank, providing a comprehensive range of business banking products and services to its clients in the United States. The banks diverse product offerings include various deposit accounts, such as checking, savings, and money market accounts, as well as certificates of deposit. Its lending capabilities encompass real estate loans, commercial and industrial loans, equipment lease financing, and international finance and trade services, catering to the needs of businesses and individuals alike.

With a strong presence in the US banking sector, Hanmi Financial Corporation has established itself as a reputable regional bank, founded in 1982 and headquartered in Los Angeles, California. The companys commitment to serving the financial needs of its customers is reflected in its diverse product offerings, including small business administration loans, which support business purposes such as owner-occupied commercial real estate, business acquisitions, and working capital.

Analyzing the technical data, we observe that Hanmi Financial Corporations stock price is currently at $24.17, with a 20-day SMA of $23.14, indicating a positive trend. The stock is also above its 50-day and 200-day SMAs, suggesting a strong upward momentum. The ATR of 0.62 represents a 2.55% daily volatility, which is relatively moderate. Given the current technical setup, we can forecast that the stock price may continue to rise in the short term, potentially reaching $26.50, driven by the upward trend and momentum.

From a fundamental perspective, Hanmi Financial Corporations market capitalization stands at $687.02M USD, with a P/E ratio of 10.69 and a forward P/E of 8.62, indicating a relatively undervalued stock. The companys RoE of 8.84% suggests a decent return on equity. By combining the technical and fundamental analysis, we can forecast that Hanmi Financial Corporations stock price may experience a significant increase in the next quarter, driven by the companys strong financial performance and the overall upward trend in the stock price. A potential target price could be $28.50, representing a 17% increase from the current price.