2024-02-06 02:22:11 ET
Summary
- Earnings will likely dip this year because of margin pressure and normal growth of operating expenses.
- Hanmi Financial’s risks are not as high anymore as when I last published a report on the company.
- HAFC stock appears to be significantly undervalued. The December 2024 target price suggests a very high upside from the current market price.
- HAFC is currently offering a 6.3% dividend yield. The dividend appears secure considering the payout ratio.
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Hanmi Financial: Over 6% Dividend Yield, Upgrading To Buy