Hanmi Financial traded at $29.09 this Friday May 15th, decreasing $0.21 or 0.72 percent since the previous trading session. Looking back, over the last four weeks, Hanmi Financial lost 5.78 percent. Over the last 12 months, its price rose by 21.92 percent. Looking ahead, we forecast Hanmi Financial to be priced at 28.51 by the end of this quarter and at 26.82 in one year, according to Trading Economics global macro models projections and analysts expectations.
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community as well as other ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. The Bank's full-service offices are located in markets, where many of its businesses are conducted by immigrants and other minority groups. The Bank's client base reflects the multi-ethnic composition of these communities. The Bank originates loans for its own portfolio and for sale in the secondary market. The Bank's lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term, commercial lines of credit and international), equipment lease financing and Small Business Administration (SBA) loans.