Release date 06-17-2017
Page 1 of 20
Morningstar Analyst Rating
Hanmi Financial Corp HAFC
—
Last Price
Day Change
Open Price
Day Range
52-Week Range
Proj. Yield
Market Cap
Volume
Avg Vol.
Forward P/E
P/B
P/S
P/CF
$ 29.25
[-0.10 | -0.34 %
$ 28.75
28.75-29.30
21.73-35.85
2.60
947.69 mil
209,148
154,008
14.10
1.76
4.76
13.7
Dividends
Stock Price 2017-01-02 - 2017-06-16
XNAS:HAFC: -5.65|-16.19%
Declared Date
Ex-Dividend Date
Latest Indicated Dividend Amount
Projected Yield
45.00
30.00
27/04/2017
04/05/2017
0.19
2.60 %
15.00
2017
Morningstar’s Take
Fair Value Estimate
Consider Buying
Consider Selling
Fair Value Uncertainty
Economic Moat
Stewardship
Growth
Profitability
Morningstar Credit Rating
$$$—
—
—
X
V
-
Key Stats
Price/Earnings TTM
Price/Book
Price/Sales TTM
Rev Growth (3 Yr Avg)
Net Income Growth (3 Yr Avg)
Operating Margin % TTM
Net Margin % TTM
ROA TTM
ROE TTM
Debt/Equity
Stock
Ind Avg
17
1.8
4.8
13.1
12.3
46
28.1
1.2
10.6
0.3
19.1
1.6
4.2
5.7
10.2
05/04/2017
02/03/2017
11/04/2016
08/04/2016
Cash Dividends
Cash Dividends
Cash Dividends
Cash Dividends
0.1900
0.1900
0.1900
0.1900
Competitors
Name
Price
% Chg
TTM Sales
$ mil
Hanmi Financial Corp
$29.25
US Bancorp
$52.27
PNC Financial Services $122.51
Group Inc
BB&T Corp
$44.33
SunTrust Banks Inc
$56.15
M&T Bank Corp
$161.67
-0.34 [
-0.21 [
-0.37 [
197
21,395
15,381
-0.18 [
0.23 ]
0.10 ]
11,028
8,754
5,364
Recommendations
4.0
Total Analysts: 2
5.0
Buy
3.0
Hold
1.0
Sell
Ownership
21.9
0.9
8.4
0.7
Avg
+
Annual
Quarterly
2016-12
2015-12
2014-12
2017-03
2016-03
193
160
56
0.00
32
196
148
54
0.00
32
165
123
50
0.00
32
50
42
14
0.43
32
46
39
15
0.00
32
3,822
4,701
3,810
4,170
531
3,143
4,235
3,510
3,741
494
2,741
4,232
3,557
3,779
453
3,920
4,812
4,083
4,272
540
3,268
4,311
3,500
3,800
511
54
-491
420
64
-20
-38
25
16
-63
20
-128
99
6
-94
61
Balance Sheet
Net Loans
Total Assets
Deposits
Total Liabilities
Stockholders' Equity
Amount
Current
Financials
Revenue
Net Interest Income
Net Income
Earnings Per Share
Shares Outstanding
Type
Relative to Industry
-
Income Statement
Recent Dividends &
Splits
Fund Owners
Star
Rating
% Shares
Held
% Total
Assets
PH&N US Multi-Style AllCap Equity Adv
Dynamic U.S. Dividend
Advantage FH
RBC US Small-Cap Core
Equity Sr F
RBC US Small-Cap Value
Equity F
RBC Quant U.S. Dividend
Ldrs ETF (USD)
QQQ
0.29
0.07
QQ
0.20
0.36
QQQ
0.10
0.69
—
0.06
0.96
QQQQ
0.05
0.14
Insiders
Joseph K. Rho
Joon Hyung Lee
Bonita Lee
Greg Kim
Romolo C. Santarosa
% Change
TTM
% Shares
Outstanding
2,995
-9,400
8,458
0
0
1.15
0.81
0.11
0.08
0.07
Cash Flow
Cash From Operations
Cash From Investing
Cash From Financing
In millions except "EPS". Currency in USD.
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß
Release date 06-17-2017
Page 2 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Industry Classification
NAICS
SIC
ISIC
Company Profile
Commercial Banking (522110)
Chartered Banks (7021);National Commercial Banks (6021)
Other Monetary Intermediation (6419)
Operation Details
Fiscal Year Ends
CIK
Year Established
Employees (31/12/2016)
Full Time
Part Time
Auditor (31/12/2016)
Legal Advisor (15/11/2011)
Key Executives
Morningstar Rating TM
2017-12-31
1109242
638
638
KPMG LLP
Greenberg Traurig, LLP
Bonita Lee/Senior Executive Vice President and Chief Operating Officer of the Company
and Hanmi Bank; Greg Kim/Executive Vice President and Chief Administrative Officer of
the Company and Hanmi Bank; Romolo C. Santarosa/Senior Executive Vice President
and Chief Financial Officer of the Company and the Bank; Jean Lim/Executive Vice
President and Chief Risk Officer of the Company and Hanmi Bank; Min S. Park/Executive
Vice President and Chief Credit Officer, the Company and Hanmi Bank; Chong Guk
Kum/Director; President and Chief Executive Officer of the Company and Hanmi Bank
Hanmi Financial Corp is a community bank conducting
general banking business. It provides its services to
small- to medium-sized businesses. It also offers
insurance products such as; life, commercial, automobile,
health, and property & casualty.
30-day Avg Volume
Market Cap
Net Income
Sales
Sector
Industry
Stock Style
Direct Investment
Dividend Reinvestment
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
0.1Mil
0.9Bil
55.5Mil
0.2Bil
Financial Services
Banks - Regional - US
3 Small Value
No
No
®
ß
Release date 06-17-2017
Page 3 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Morningstar Rating TM
Industry Peers
Morningstar
Rating
Hanmi Financial Corp
US Bancorp (USD)
PNC Financial Services Group Inc (USD)
BB&T Corp (USD)
SunTrust Banks Inc (USD)
QQQ
QQ
QQQ
QQ
Market
Cap $Mil
Net
Income $Mil
P/S
P/B
P/E
Dividend
Yield%
5 Yr Rev
CAGR%
Med Oper.
Margin%
Interest
Coverage
D/E
947
88,089
59,282
35,968
27,147
55
5,975
4,036
2,283
1,899
4.8
4.2
4.0
3.3
3.2
1.8
2.1
1.3
1.3
1.2
17.0
15.8
16.2
17.3
15.3
2.6
2.1
1.8
2.7
1.8
9.1
2.2
1.1
4.6
0.3
46.2
40.0
35.5
32.4
27.9
5.9
5.9
5.2
5.7
5.8
0.3
0.8
1.2
0.8
0.5
1,365
927
1,543
1,142
1,191
4.7
3.4
3.1
3.5
3.2
1.7
1.5
1.3
0.9
1.1
19.8
21.8
13.3
16.8
16.0
1.8
1.9
2.1
1.4
1.8
5.9
4.8
1.0
0.9
-0.0
36.9
27.9
33.5
25.5
30.8
5.8
3.4
4.6
4.0
5.0
0.5
0.9
0.9
0.6
0.4
0.6
2.3
1.3
0.7
13.3
6.2
3.1
12.1
1.1
40.6
30.3
29.3
40.8
25.2
6.1
4.5
7.0
15.9
9.1
1.2
1.0
0.6
0.2
0.1
1.2
1.4
2.3
3.9
18.8
2.6
19.8
5.3
1.5
57.6
9.9
48.8
31.5
30.1
4.9
1.0
8.0
29.3
3.6
0.6
1.4
0.1
0.1
0.6
M&T Bank Corp (USD)
KeyCorp (USD)
Fifth Third Bancorp (USD)
Citizens Financial Group Inc (USD)
Regions Financial Corp (USD)
QQ
QQQ
QQQ
QQ
24,875
20,321
19,109
18,423
17,261
First Republic Bank (USD)
Huntington Bancshares Inc (USD)
Comerica Inc (USD)
SVB Financial Group (USD)
Zions Bancorp (USD)
QQQ
QQQ
Q
Q
QQQ
15,848
14,371
13,114
9,390
8,731
692
748
618
404
517
6.9
3.4
4.6
5.6
3.6
2.6
1.5
1.7
2.5
1.2
25.1
19.7
21.5
23.2
19.4
7,867
7,004
6,200
6,189
6,067
396
-814
307
320
288
6.5
4.2
6.9
5.4
4.1
2.2
0.7
2.2
2.1
1.2
19.5
PacWest Bancorp (USD)
Commerce Bancshares Inc (USD)
BOK Financial Corp (USD)
Synovus Financial Corp (USD)
Western Alliance Bancorp (USD)
5,867
5,791
5,543
5,316
5,196
340
281
278
266
271
5.5
4.9
3.8
4.5
7.0
1.3
2.4
1.7
1.9
2.6
17.2
21.3
20.0
21.1
19.0
4.1
1.5
2.1
1.2
29.6
1.7
3.1
-1.5
19.1
40.8
35.9
34.2
28.0
48.2
11.2
13.2
5.1
4.1
9.3
0.2
0.0
1.6
0.8
0.2
Webster Financial Corp (USD)
PrivateBancorp Inc (USD)
Prosperity Bancshares Inc (USD)
F N B Corp (USD)
TFS Financial Corp (USD)
4,875
4,872
4,591
4,565
4,450
219
216
274
167
86
4.9
6.5
6.2
3.6
15.0
2.0
2.4
1.2
1.1
2.7
23.1
23.0
16.7
18.8
52.5
1.9
0.1
2.0
3.4
3.2
5.8
7.6
14.4
13.3
1.2
32.6
43.4
55.5
30.6
33.7
3.9
4.9
10.5
4.7
2.0
0.9
0.2
0.3
0.2
2.0
First Citizens BancShares Inc (DE) (USD)
First Citizens BancShares Inc (DE) (USD)
Wintrust Financial Corp (USD)
First Hawaiian Inc (USD)
United Bankshares Inc (USD)
4,419
4,419
4,274
4,271
4,188
241
241
216
221
151
2.7
3.0
4.0
6.1
6.0
1.3
1.4
1.7
1.7
1.9
16.3
18.5
20.4
19.3
20.3
0.4
0.3
0.7
2.1
3.3
1.4
1.4
10.0
9.7
23.9
23.9
29.0
52.4
42.7
9.1
9.1
4.7
14.8
5.9
0.2
0.2
0.3
0.0
0.5
IBERIABANK Corp (USD)
Hancock Holding Co (USD)
Umpqua Holdings Corp (USD)
First Horizon National Corp (USD)
Popular Inc (USD)
4,161
4,111
4,092
4,090
3,979
194
194
231
233
224
3.9
4.2
3.6
3.2
2.3
1.3
1.5
1.0
1.7
0.8
18.9
20.4
17.9
18.0
18.3
1.7
2.0
3.4
1.8
2.0
13.4
4.6
17.4
-2.9
-3.6
22.3
20.5
28.9
9.2
14.4
5.0
3.6
6.5
4.9
2.4
0.2
0.2
0.3
0.4
0.3
Texas Capital Bancshares Inc (USD)
Associated Banc-Corp (USD)
MB Financial Inc (USD)
UMB Financial Corp (USD)
Home BancShares Inc (USD)
3,853
3,823
3,733
3,682
3,658
172
214
189
166
182
5.1
3.6
3.9
3.7
7.1
2.0
1.3
1.5
1.8
2.5
22.7
18.7
19.8
21.9
19.8
1.9
1.8
1.4
1.4
15.9
3.7
14.8
5.8
22.0
40.5
27.1
29.5
21.3
49.0
4.8
4.4
7.4
8.5
10.2
1.0
0.9
0.2
0.0
1.1
BankUnited Inc (USD)
Bank of Hawaii Corp (USD)
Chemical Financial Corp (USD)
Fulton Financial Corp (USD)
Pinnacle Financial Partners Inc (USD)
3,647
3,506
3,460
3,330
3,268
233
182
132
166
138
3.5
5.7
4.9
4.6
6.4
1.4
2.9
1.3
1.5
1.9
15.9
19.2
21.7
19.8
21.5
2.5
2.4
2.2
2.2
0.8
8.1
0.9
16.9
-1.0
18.7
38.5
42.0
31.6
29.3
42.9
2.8
7.4
6.1
3.5
6.0
2.0
0.2
0.2
0.5
0.3
Sterling Bancorp (USD)
3,179
155
6.4
1.7
19.9
1.2
34.9
4.6
1.2
Signature Bank (USD)
CIT Group Inc (USD)
Bank of the Ozarks Inc (USD)
Cullen/Frost Bankers Inc (USD)
People's United Financial Inc (USD)
QQQQ
QQ
17.7
19.7
18.9
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß
Release date 06-17-2017
Page 4 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Morningstar Rating TM
Industry Peers
Valley National Bancorp (USD)
Cathay General Bancorp (USD)
Community Bank System Inc (USD)
Glacier Bancorp Inc (USD)
3,109
3,095
2,890
2,797
178
177
105
123
4.1
6.7
5.9
6.5
1.4
1.7
2.2
2.5
17.8
17.4
24.4
22.5
3.7
2.1
2.2
2.2
4.2
4.4
7.5
6.1
31.0
53.6
35.6
38.3
2.6
4.0
14.7
6.4
0.7
0.2
0.1
0.3
BancorpSouth Inc (USD)
First Financial Bankshares Inc (USD)
TCF Financial Corp (USD)
First Midwest Bancorp Inc (USD)
Hope Bancorp Inc (USD)
2,772
2,761
2,720
2,640
2,596
148
105
210
97
113
3.9
8.8
2.0
3.7
4.8
1.6
3.2
1.2
1.5
1.4
19.2
26.1
13.9
20.6
17.5
1.6
1.8
1.9
1.5
2.4
0.7
8.9
2.8
5.8
22.1
24.4
45.3
22.5
26.7
47.2
7.6
25.9
5.1
5.8
4.3
0.3
0.4
0.6
0.4
0.5
South State Corp (USD)
CVB Financial Corp (USD)
International Bancshares Corp (USD)
Columbia Banking System Inc (USD)
Old National Bancorp (USD)
2,553
2,447
2,361
2,348
2,343
95
106
132
112
143
4.7
8.1
4.7
5.3
3.5
1.6
2.3
1.4
1.8
1.3
23.0
22.7
17.9
20.7
16.0
1.5
2.2
1.8
2.1
3.0
17.1
1.7
-0.7
13.1
7.5
26.5
55.5
38.9
32.4
27.3
19.5
21.3
5.6
35.4
5.5
0.1
0.0
0.5
0.0
0.9
Great Western Bancorp Inc (USD)
Trustmark Corp (USD)
Eagle Bancorp Inc (USD)
First Interstate BancSystem Inc (USD)
FCB Financial Holdings Inc (USD)
2,337
2,237
2,160
2,133
2,010
132
112
101
98
116
5.3
3.9
7.5
4.1
6.7
1.4
1.5
2.5
2.1
1.9
17.6
19.9
21.3
17.3
17.8
1.7
2.8
2.4
2.0
20.5
4.0
44.0
27.4
44.4
34.9
19.5
6.4
6.7
6.8
9.2
4.0
0.2
0.2
0.2
0.1
0.7
United Community Banks Inc (USD)
Capital Bank Financial Corp (USD)
Servisfirst Bancshares Inc (USD)
Renasant Corp (USD)
Towne Bank (USD)
2,000
1,985
1,960
1,943
1,924
101
69
84
93
71
4.9
5.4
9.3
4.3
4.6
1.8
1.5
3.6
1.6
1.8
19.9
26.3
23.8
20.0
26.1
1.2
1.2
0.5
1.6
1.7
7.4
5.8
20.1
17.7
12.9
34.9
28.2
50.6
28.5
26.2
7.5
3.6
5.3
5.8
3.8
0.7
0.5
0.1
0.2
0.6
Cadence Bancorp (USD)
Banner Corp (USD)
LegacyTexas Financial Group Inc (USD)
Independent Bank Corp (USD)
Ameris Bancorp (USD)
1,891
1,888
1,815
1,791
1,775
76
91
93
78
80
4.9
4.1
5.2
5.6
5.0
1.7
1.4
2.0
2.0
2.3
28.4
20.9
19.0
22.3
20.8
1.6
1.6
1.8
0.7
18.2
23.3
7.1
14.3
21.5
28.3
37.5
31.5
21.7
2.8
8.9
5.3
7.0
6.3
0.6
0.2
1.1
0.2
0.8
Wesbanco Inc (USD)
Simmons First National Corp (USD)
First Financial Bancorp (USD)
First Merchants Corp (USD)
Park National Corp (USD)
1,746
1,698
1,696
1,673
1,643
89
95
93
86
87
4.7
3.9
4.9
5.6
5.2
1.3
1.5
1.9
1.8
2.2
18.5
17.2
18.2
19.3
18.9
2.5
1.9
2.4
1.5
3.5
7.9
20.9
-3.4
8.7
-3.0
35.0
24.7
32.5
33.1
37.2
4.6
7.6
4.9
5.0
4.2
0.8
0.4
0.1
0.5
1.1
NBT Bancorp Inc (USD)
Independent Bank Group Inc (USD)
BancFirst Corp (USD)
Union Bankshares Corp (USD)
Berkshire Hills Bancorp Inc (USD)
1,640
1,629
1,583
1,526
1,497
79
56
76
79
58
4.3
5.3
5.0
4.5
3.7
1.8
2.4
2.2
1.5
1.4
20.6
19.4
21.0
19.1
20.6
2.4
0.6
1.5
2.3
2.2
6.3
30.4
5.9
12.2
15.9
29.7
31.9
32.8
25.4
23.8
6.3
4.1
8.3
4.5
2.6
0.2
0.9
0.0
0.4
0.2
Westamerica Bancorp (USD)
Pacific Premier Bancorp Inc (USD)
WSFS Financial Corp (USD)
Centerstate Banks Inc (USD)
Boston Private Financial Holdings Inc (USD)
1,486
1,451
1,446
1,385
1,320
59
41
67
63
69
8.2
5.7
4.7
4.9
3.6
2.5
3.1
2.1
2.2
1.8
24.6
24.7
21.6
19.2
22.4
2.8
-7.2
29.6
9.3
7.2
3.8
42.1
33.7
32.8
13.8
28.2
38.8
5.8
5.3
7.9
4.7
0.8
0.8
0.0
1.4
1st Source Corp (USD)
First Commonwealth Financial Corp (USD)
First BanCorp (USD)
Heartland Financial USA Inc (USD)
S&T Bancorp Inc (USD)
1,270
1,257
1,256
1,253
1,244
60
63
95
78
73
4.8
4.2
2.2
3.0
4.8
1.9
1.7
0.7
1.6
1.5
21.2
18.2
13.4
15.3
16.9
1.5
2.3
0.9
2.2
2.4
1.3
2.7
14.8
7.3
35.4
25.4
7.0
23.5
37.5
5.0
5.6
2.3
4.7
4.9
0.2
0.1
0.4
0.4
0.1
Tompkins Financial Corp (USD)
Beneficial Bancorp Inc (USD)
Lakeland Financial Corp (USD)
First Busey Corp (USD)
1,227
1,178
1,157
1,148
60
28
54
54
4.8
5.8
7.5
4.6
2.2
1.1
2.6
1.9
20.2
40.5
21.5
21.0
2.2
1.6
1.7
2.3
9.4
1.3
5.8
6.3
33.1
16.7
50.0
31.3
4.9
2.7
4.8
8.5
1.3
0.5
0.1
0.3
0.6
0.8
2.7
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß
Release date 06-17-2017
Page 5 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Morningstar Rating TM
Industry Peers
Brookline Bancorp Inc (USD)
1,124
52
4.3
1.6
19.6
2.4
14.4
34.2
3.4
1.5
Banc of California Inc (USD)
Seacoast Banking Corp of Florida (USD)
State Bank Financial Corp (USD)
City Holding Co (USD)
Southside Bancshares Inc (USD)
1,093
1,065
1,043
1,035
1,023
112
33
48
56
50
1.8
5.1
4.8
5.4
5.5
1.5
2.1
1.7
2.2
1.9
12.6
28.2
20.8
17.9
19.1
2.3
2.1
2.6
2.8
77.3
15.5
0.9
3.9
6.5
8.8
12.9
25.7
43.4
32.8
3.5
6.2
8.7
6.8
3.0
1.8
0.7
0.2
0.0
0.8
Farmers & Merchants Bank of Long Beach (USD)
Sandy Spring Bancorp Inc (USD)
Central Pacific Financial Corp (USD)
Enterprise Financial Services Corp (USD)
Lakeland Bancorp Inc (USD)
995
970
967
965
937
62
52
48
50
45
4.8
4.8
5.0
5.0
1.8
1.9
1.8
1.7
18.4
20.1
16.9
19.6
1.2
2.5
2.1
1.1
1.9
2.6
5.1
2.8
4.6
7.6
46.5
35.8
33.0
34.5
35.3
14.1
4.4
8.9
6.5
4.6
1.2
0.2
0.9
0.5
National Bank Holdings Corp (USD)
FB Financial Corp (USD)
Customers Bancorp Inc (USD)
Washington Trust Bancorp Inc (USD)
MainSource Financial Group Inc (USD)
878
877
875
872
861
31
35
86
47
41
5.1
3.4
3.2
5.0
4.6
1.6
2.6
1.3
2.2
1.9
30.4
24.5
10.6
18.5
19.5
0.8
-5.4
2.9
1.9
40.3
5.0
3.2
5.5
25.3
39.7
37.7
26.8
2.8
7.5
2.9
4.0
5.7
0.1
0.1
2.1
2.1
0.9
Stock Yards Bancorp Inc (USD)
Northfield Bancorp Inc (USD)
TriCo Bancshares (USD)
Opus Bank (USD)
Univest Corp of Pennsylvania (USD)
858
838
821
795
793
41
32
46
11
23
6.1
6.8
3.9
2.7
4.0
2.7
1.3
1.7
0.9
1.5
20.7
24.5
18.0
70.3
33.8
2.0
1.9
1.7
1.6
2.7
6.2
7.9
9.4
41.7
9.3
40.0
35.0
33.0
29.5
23.4
12.4
2.8
13.7
1.5
2.9
0.2
Oritani Financial Corp (USD)
Heritage Financial Corp (USD)
Community Trust Bancorp Inc (USD)
First Bancorp (USD)
Great Southern Bancorp Inc (USD)
791
781
780
768
750
57
39
47
28
47
5.6
4.7
4.3
4.2
3.9
1.4
1.6
1.5
1.6
1.7
13.4
19.9
16.5
23.2
16.1
4.1
1.9
2.9
1.0
1.6
10.8
17.5
0.7
-1.2
2.7
59.6
27.1
36.3
26.4
31.4
3.4
9.8
5.9
6.5
3.8
1.4
0.2
0.1
0.6
0.3
Trustco Bank Corp N Y (USD)
Republic Bancorp Inc (USD)
Guaranty Bancorp (USD)
ConnectOne Bancorp Inc (USD)
Preferred Bank (USD)
748
747
745
744
741
43
48
28
32
38
4.5
3.3
5.5
5.0
6.3
1.7
1.2
2.1
1.4
2.5
17.3
15.4
23.2
22.4
18.9
3.4
2.4
1.8
1.3
1.3
1.5
-5.6
8.2
24.3
18.8
41.4
31.0
26.4
47.7
54.4
5.5
4.8
4.9
2.4
4.2
0.8
0.6
1.0
0.4
German American Bancorp (USD)
Xenith Bankshares Inc (USD)
Green Bancorp Inc (USD)
Bryn Mawr Bank Corp (USD)
TriState Capital Holdings Inc (USD)
741
738
736
705
702
39
61
4
36
30
5.6
6.9
4.9
4.4
5.5
2.2
1.6
1.7
1.8
2.0
18.5
10.6
180.0
19.2
23.1
1.5
8.2
2.8
32.1
10.6
18.8
40.0
-2.3
23.5
30.5
27.6
6.8
0.7
0.9
6.0
2.8
0.7
0.2
0.5
0.5
1.0
Republic Bancorp Inc (USD)
CoBiz Financial Inc (USD)
Stonegate Bank (USD)
First of Long Island Corp (USD)
Bridge Bancorp Inc (USD)
702
691
668
665
662
48
36
30
32
36
3.1
4.6
6.3
6.6
4.5
1.1
2.2
1.6
2.1
1.5
14.4
19.3
21.8
20.2
17.0
2.3
1.2
0.7
2.0
2.7
-5.6
3.0
13.9
7.9
22.4
31.0
30.3
35.2
39.2
32.7
4.8
5.0
5.0
3.2
4.2
0.8
0.4
0.1
1.2
1.3
CU Bancorp (USD)
Camden National Corp (USD)
Midland States Bancorp Inc (USD)
Park Sterling Corp (USD)
QCR Holdings Inc (USD)
658
656
655
640
629
28
41
34
24
30
5.8
4.3
3.0
5.0
4.7
2.0
1.6
2.0
1.8
2.1
23.7
16.0
15.7
25.6
20.6
2.0
2.2
1.3
0.4
29.9
9.2
43.1
11.9
26.8
35.3
23.3
23.4
21.5
14.8
4.5
4.2
3.0
4.1
0.0
0.2
1.0
0.2
0.7
Fidelity Southern Corp (USD)
Peoples Bancorp Inc (Marietta OH) (USD)
First Financial Corp (USD)
Pacific Continental Corp (USD)
Horizon Bancorp (IN) (USD)
610
600
587
581
580
44
31
34
20
26
2.1
3.8
4.2
5.7
4.3
1.6
1.4
1.4
2.1
1.7
13.5
18.8
17.1
26.7
20.7
2.1
2.2
2.1
1.7
1.6
17.2
12.5
2.8
9.9
12.8
23.7
29.1
31.4
33.9
27.2
4.0
5.3
14.2
5.7
2.6
0.3
0.4
0.0
0.8
1.0
Access National Corp (USD)
Republic First Bancorp Inc (USD)
563
555
14
5
3.9
6.5
4.5
2.5
20.0
81.2
2.2
3.2
9.0
33.9
5.5
5.1
1.7
0.4
0.1
2.0
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
0.1
0.2
0.5
®
ß
Release date 06-17-2017
Page 6 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Industry Peers
National Commerce Corp (USD)
Mercantile Bank Corp (USD)
First Foundation Inc (USD)
548
544
543
19
30
25
5.1
4.3
4.2
1.8
1.6
1.9
22.6
17.4
21.2
2.1
16.7
Franklin Financial Network Inc (USD)
Peapack Gladstone Financial Corp (USD)
Carolina Financial Corp (USD)
Heritage Commerce Corp (USD)
Allegiance Bancshares Inc (USD)
541
531
523
520
514
29
28
18
27
22
4.9
4.0
4.8
4.7
5.3
1.9
1.6
1.9
2.0
1.8
16.9
17.6
22.0
18.7
23.0
0.7
0.5
2.8
13.8
Hills Bancorp (USD)
Farmers & Merchants Bancorp (USD)
Sun Bancorp Inc (USD)
Atlantic Capital Bancshares Inc (USD)
Bar Harbor Bankshares Inc (USD)
508
501
483
482
481
32
30
62
13
14
4.9
4.3
6.6
4.9
4.7
1.7
1.7
1.5
1.6
1.4
15.5
16.3
7.8
34.9
21.7
Nicolet Bankshares Inc (USD)
Blue Hills Bancorp Inc (USD)
Southwest Bancorp Inc (USD)
People's Utah Bancorp (USD)
First Community Bancshares Inc (USD)
479
476
474
474
473
22
14
21
24
25
4.4
5.6
4.9
5.5
4.4
1.7
1.2
1.6
2.0
1.4
22.3
30.1
23.1
19.3
18.9
First Mid-Illinois Bancshares Inc (USD)
HomeTrust Bancshares Inc (USD)
Independent Bank Corp (Ionia MI) (USD)
WashingtonFirst Bankshares Inc (USD)
OFG Bancorp (USD)
462
462
452
445
443
23
10
24
18
60
4.0
4.2
3.6
4.9
1.4
1.6
1.2
1.8
2.3
0.6
Financial Institutions Inc (USD)
Arrow Financial Corp (USD)
MidWestOne Financial Group Inc (USD)
Triumph Bancorp Inc (USD)
Veritex Holdings Inc (USD)
443
442
437
428
425
32
26
21
26
12
3.2
4.4
3.4
2.6
6.9
First Connecticut Bancorp Inc (USD)
The Bancorp Inc (USD)
Farmers National Banc Corp (USD)
Bank of Marin Bancorp (USD)
Equity Bancshares Inc (USD)
412
400
395
391
386
16
-77
21
22
10
West Bancorp Inc (USD)
CNB Financial Corp (USD)
Old Second Bancorp Inc (USD)
Sierra Bancorp (USD)
Capital City Bank Group Inc (USD)
383
357
354
352
350
Guaranty Bancshares Inc (USD)
Western New England Bancorp Inc (USD)
American National Bankshares Inc (USD)
Peoples Financial Services Corp (USD)
PCSB Financial Corp (USD)
13.5
Morningstar Rating TM
27.1
33.1
21.9
4.9
4.7
4.4
0.1
0.7
2.1
31.6
27.4
30.8
31.2
29.0
3.2
3.1
3.9
14.7
4.0
1.0
0.3
0.2
42.2
42.7
-7.9
22.5
39.2
3.9
11.9
1.8
2.9
2.7
0.9
0.0
0.6
0.9
2.6
4.8
2.0
3.8
7.4
4.9
0.1
0.3
0.8
0.7
2.2
0.2
3.0
4.9
-9.2
2.4
7.0
0.9
1.3
1.2
2.3
16.5
-2.8
0.8
29.6
17.3
33.2
33.0
31.4
18.0
41.4
18.6
24.2
9.6
1.3
1.8
0.8
2.4
8.9
6.9
-2.9
34.0
16.1
34.0
17.2
22.5
27.6
21.0
8.9
3.7
5.8
3.3
2.5
0.3
1.6
0.2
0.9
0.2
1.4
1.9
1.3
1.5
1.8
14.4
16.6
19.2
17.1
26.1
2.7
3.0
1.8
5.5
3.4
14.1
31.9
37.5
29.8
28.7
28.4
4.5
8.0
3.1
3.8
4.4
0.1
0.3
0.4
1.0
0.2
4.6
2.5
4.3
4.8
4.3
1.6
1.3
1.8
1.7
1.4
24.0
1.5
18.5
17.7
29.9
1.2
1.7
9.3
4.4
13.2
3.3
16.9
3.4
22.5
39.6
24.5
2.3
-4.7
7.4
17.1
2.5
1.1
0.0
0.0
0.0
1.0
23
22
16
18
12
5.8
3.3
3.8
4.1
2.7
2.3
1.5
1.9
1.7
1.3
16.5
15.6
21.1
19.5
27.6
2.9
2.8
0.3
2.0
0.9
5.1
11.0
-1.6
4.4
-2.7
44.9
33.2
18.4
31.2
8.6
5.2
3.1
3.5
8.9
6.5
0.7
0.7
0.6
0.2
0.2
340
332
330
325
324
12
7
16
19
4
5.1
4.9
5.2
4.2
8.3
2.4
1.4
1.6
1.3
2.8
28.1
36.0
20.3
16.7
178.8
1.1
2.5
2.8
4.7
5.0
11.5
24.8
22.6
36.5
31.2
7.9
2.5
1.7
4.7
4.4
1.8
0.7
0.5
0.2
0.2
0.2
Macatawa Bank Corp (USD)
Old Line Bancshares Inc (USD)
Century Bancorp Inc (USD)
Century Bancorp Inc (USD)
Farmers Capital Bank Corp (USD)
321
315
313
313
300
16
14
25
25
13
4.8
5.1
3.9
2.5
3.8
1.9
2.0
1.5
0.9
1.6
19.0
21.2
14.2
9.1
21.9
1.5
1.0
0.7
0.6
0.9
1.7
15.6
4.8
4.8
1.4
26.8
27.6
26.8
26.8
27.1
5.5
3.7
2.1
2.1
4.4
0.9
0.2
1.4
1.4
0.2
National Bankshares Inc (USD)
First Bancorp Inc (USD)
Paragon Commercial Corp (USD)
BSB Bancorp Inc (USD)
Citizens & Northern Corp (USD)
300
298
293
292
287
14
18
13
13
15
6.4
5.3
5.7
5.2
5.0
1.6
1.7
2.1
1.8
1.5
20.3
16.5
20.1
20.8
18.3
2.7
3.3
-1.1
1.0
4.4
18.9
-2.2
45.9
38.1
37.7
19.6
39.7
5.5
3.3
3.4
2.4
6.7
27.9
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
0.2
0.7
0.8
0.2
®
ß
Release date 06-17-2017
Page 7 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Morningstar Rating TM
Industry Peers
Ames National Corp (USD)
BankFinancial Corp (USD)
Central Valley Community Bancorp (USD)
Cambridge Bancorp (USD)
Independent Alliance Banks Inc (USD)
283
278
277
277
275
15
7
16
17
10
5.9
5.3
4.7
3.3
6.6
1.7
1.4
1.6
2.0
2.3
18.3
38.9
16.6
16.1
27.0
2.8
1.6
1.0
2.7
1.3
4.9
-5.5
8.0
45.7
17.5
24.8
30.6
30.3
6.5
4.1
21.2
8.6
4.1
0.2
0.3
0.0
0.0
0.6
Charter Financial Corp (USD)
Summit Financial Group Inc (USD)
Southern First Bancshares Inc (USD)
Alerus Financial Corp (USD)
First Bancshares Inc (USD)
270
267
261
261
257
13
11
13
15
8
4.0
3.7
4.4
1.6
3.6
1.3
1.7
2.3
1.5
1.6
19.9
19.9
18.4
17.1
22.9
1.3
2.0
9.6
3.2
15.6
11.5
16.8
19.4
29.9
25.1
20.2
22.0
4.2
2.7
3.5
4.0
4.3
0.3
0.4
1.2
0.3
0.3
MutualFirst Financial Inc (USD)
Wilson Bank Holding Co (USD)
Exchange Bank Santa Rosa (USD)
Farmers & Merchants Bancorp Inc (USD)
First Farmers Financial Corp (USD)
256
256
254
253
250
14
26
21
12
17
4.0
2.0
2.9
5.5
3.7
1.8
1.0
1.5
2.0
1.8
18.6
7.7
12.1
21.1
14.7
1.8
2.2
7.3
-0.2
4.9
26.1
40.7
29.0
34.7
36.5
2.9
5.9
20.2
4.9
4.2
1.6
Bankwell Financial Group Inc (USD)
First Community Financial Partners Inc (USD)
Provident Bancorp Inc (USD)
MBT Financial Corp (USD)
Premier Financial Bancorp Inc (USD)
250
234
231
229
228
13
12
6
14
12
4.6
5.2
6.9
4.2
3.6
1.7
1.9
2.1
1.8
1.3
19.2
18.5
32.9
15.7
17.9
0.8
22.4
4.1
0.7
3.9
2.5
3.7
4.4
10.3
5.1
1.2
0.9
0.3
1.8
2.7
24.4
26.8
23.7
20.6
34.9
Codorus Valley Bancorp Inc (USD)
Isabella Bank Corp (USD)
Northrim BanCorp Inc (USD)
Cashmere Valley Bank (USD)
Shore Bancshares Inc (USD)
225
222
220
219
215
13
13
14
17
9
3.5
4.1
2.3
4.7
3.9
1.4
1.2
1.2
1.3
1.4
16.5
16.3
15.0
12.9
21.5
1.9
3.5
2.6
1.9
1.1
9.5
1.5
12.4
3.2
2.5
9.2
5.9
7.6
0.9
1.7
0.1
0.0
-0.8
29.8
30.0
32.8
43.8
16.0
John Marshall Bancorp Inc (USD)
Southern National Bancorp of Virginia Inc (USD)
First Business Financial Services Inc (USD)
Union Bankshares Inc (USD)
LCNB Corp (USD)
212
211
208
207
204
8
9
13
8
12
6.0
5.0
2.6
5.9
4.0
1.8
1.6
1.3
3.6
1.4
26.6
22.0
15.1
23.8
16.1
1.9
2.1
2.4
3.1
7.7
13.8
5.4
8.8
40.5
31.4
32.9
30.2
31.7
3.0
2.8
2.2
6.1
5.8
0.9
0.2
0.8
0.6
0.0
Civista Bancshares Inc (USD)
First Guaranty Bancshares Inc (USD)
Investar Holding Corp (USD)
SmartFinancial Inc (USD)
FNB Bancorp (USD)
204
203
202
201
200
17
14
7
6
11
3.3
3.5
4.1
3.7
4.3
1.3
1.6
1.4
1.5
1.8
13.0
14.3
21.3
31.4
18.5
1.2
2.4
0.2
5.1
2.6
30.2
22.6
6.3
22.8
33.7
21.3
14.9
28.1
8.2
3.1
2.4
3.1
6.3
0.3
0.3
0.7
0.0
0.8
Pacific Mercantile Bancorp (USD)
MetroCity Bankshares Inc (USD)
CapStar Financial Holdings Inc (USD)
Penns Woods Bancorp Inc (USD)
Evans Bancorp Inc (USD)
198
198
196
195
193
-33
20
7
12
9
4.9
3.4
3.9
3.7
3.7
1.9
1.8
1.4
1.4
1.7
2.4
9.8
25.1
16.2
18.8
4.6
1.9
7.6
3.9
-12.5
57.2
26.3
33.4
23.7
-2.3
7.2
3.0
4.1
3.2
0.2
1.1
0.5
0.5
0.2
Citizens Financial Services Inc (USD)
Midsouth Bancorp Inc (USD)
Orrstown Financial Services Inc (USD)
Commerce Union Bancshares Inc (USD)
Chemung Financial Corp (USD)
191
189
187
187
185
12
9
6
8
10
4.1
1.4
3.2
4.8
2.6
1.5
1.1
1.4
1.7
1.3
15.2
21.2
30.8
21.3
18.2
2.9
3.0
1.7
0.9
2.6
5.2
9.7
-5.9
3.7
45.0
19.1
17.8
23.4
19.6
4.1
3.3
2.5
4.0
4.8
0.4
0.3
0.0
0.2
0.1
First Financial Northwest Inc (USD)
Howard Bancorp Inc (USD)
Bank of Commerce Holdings Inc (USD)
The Community Financial Corp (USD)
Northeast Bancorp (USD)
185
184
182
181
180
9
5
8
8
10
5.1
2.8
3.6
4.0
3.4
1.3
1.5
1.9
1.7
1.5
20.5
24.2
17.9
22.3
17.6
1.5
1.0
28.9
0.9
6.9
-0.5
34.2
17.2
26.6
26.2
15.7
2.7
2.8
2.5
2.4
2.5
1.2
0.1
0.3
0.8
0.4
California First National Bancorp (USD)
Community Bankers Trust Corp (USD)
First Internet Bancorp (USD)
179
179
177
12
9
12
5.6
3.8
2.8
0.9
1.5
1.1
14.5
18.1
12.4
2.6
-2.6
-2.2
24.6
53.3
17.6
28.6
3.3
2.8
1.9
0.0
0.7
2.1
2.3
0.5
2.1
1.7
1.9
1.5
1.1
1.0
0.2
0.9
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
0.0
0.1
1.0
0.1
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Release date 06-17-2017
Page 8 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Morningstar Rating TM
Industry Peers
ACNB Corp (USD)
Peoples Bancorp of North Carolina Inc (USD)
176
175
10
8
3.5
3.5
1.4
1.6
16.1
20.0
2.8
1.4
1.5
0.7
29.2
23.2
4.7
4.6
0.7
0.4
BCB Bancorp Inc (USD)
Sunshine Bancorp Inc (USD)
Unity Bancorp Inc (USD)
Norwood Financial Corp (USD)
Middlefield Banc Corp (USD)
174
173
172
171
168
8
1
12
7
7
2.8
5.1
3.3
4.5
3.7
1.4
1.5
1.6
1.5
1.7
21.5
127.5
13.2
23.0
17.4
3.6
7.8
1.3
3.0
2.1
7.3
4.3
5.0
21.7
-0.8
26.0
34.6
31.1
1.8
1.1
3.3
3.4
3.0
1.3
0.6
1.2
0.3
0.4
ASB Bancorp Inc (USD)
C&F Financial Corp (USD)
TGR Financial Inc (USD)
United Security Bancshares (USD)
Ohio Valley Banc Corporation (USD)
167
167
165
163
162
1
13
6
7
7
4.9
1.6
4.8
5.0
3.5
1.8
1.2
1.5
1.7
1.5
83.3
12.1
30.0
22.3
21.8
2.7
3.4
6.1
0.5
2.4
0.5
1.6
7.8
18.0
23.3
36.2
25.9
1.5
3.0
2.7
9.7
3.9
0.2
1.1
0.2
0.1
0.4
Parke Bancorp Inc (USD)
FVC Bankcorp Inc (USD)
The Bank of Princeton
Malaga Financial Corp (USD)
First Keystone Corp (USD)
161
160
159
159
154
19
6
4.6
6.1
1.5
2.0
10.9
24.9
1.5
4.4
44.8
32.6
5.1
2.9
6
9
4.6
1.4
16.1
3.6
4.0
1.0
59.8
35.5
1.4
3.1
0.8
0.6
1.1
4.7
0.7
Entegra Financial Corp (USD)
Old Point Financial Corp (USD)
DNB Financial Corp (USD)
First Community Corp (USD)
Berkshire Bancorp Inc (USD)
153
150
147
146
145
6
3
5
6
5
3.6
3.7
3.5
4.1
5.5
1.1
1.6
1.5
1.8
1.0
24.6
40.3
22.0
21.5
28.0
6.3
-0.5
5.0
7.5
-17.9
21.3
9.7
24.7
22.2
27.3
2.6
2.5
3.1
3.9
3.8
1.8
Two River Bancorp (USD)
Eastern Virginia Bankshares Inc (USD)
QNB Corp (USD)
FS Bancorp Inc (USD)
Select Bancorp Inc (USD)
144
142
142
139
137
8
7
9
11
7
4.3
3.8
4.0
2.3
4.0
1.4
1.2
1.5
1.7
1.3
17.7
27.2
14.9
11.9
18.7
0.9
1.0
2.9
0.9
4.4
3.0
1.1
29.2
6.7
31.3
18.4
34.6
20.9
30.1
3.5
2.7
3.5
4.9
3.8
0.3
0.2
First Bank (USD)
MVB Financial Corp (USD)
1st Constitution Bancorp (USD)
Commonwealth Business Bank (USD)
First Northern Community Bancorp (USD)
137
137
136
136
135
6
12
9
11
8
4.2
1.6
3.2
3.0
3.2
1.5
1.0
1.3
1.3
1.4
18.8
15.4
15.5
12.1
15.9
0.3
0.7
0.9
2.0
2.2
3.7
4.4
12.2
0.7
0.9
0.3
0.1
3.3
25.5
13.6
26.4
48.5
24.2
Franklin Financial Services Corp (USD)
Standard AVB Financial Corp (USD)
FNCB Bancorp Inc (USD)
Royal Bancshares of Pennsylvania Inc (USD)
Royal Bancshares of Pennsylvania Inc (USD)
134
130
128
126
126
8
2
7
9
9
2.9
4.3
3.4
4.1
4.2
1.1
1.8
1.4
2.3
2.3
16.1
27.6
17.5
13.3
13.6
2.8
2.0
1.4
1.6
-0.6
-2.6
-1.1
-1.1
20.3
27.6
21.9
18.7
18.7
5.2
2.2
2.9
2.3
2.3
0.6
0.8
1.8
1.8
Auburn National Bancorp Inc (USD)
Citizens Holding Co (USD)
Heartland Bancorp (USD)
Landmark Bancorp Inc (USD)
Atlantic Coast Financial Corp (USD)
126
122
121
119
119
7
6
7
8
6
4.8
3.5
3.9
3.0
3.3
1.5
1.4
1.7
1.4
1.3
16.1
18.4
15.4
13.8
18.2
2.6
3.8
2.1
2.5
1.4
-1.6
39.2
24.9
33.9
27.6
-6.4
3.8
3.7
3.7
4.5
2.4
0.0
0.2
0.2
0.8
1.6
Sussex Bancorp (USD)
Kentucky Bancshares Inc (USD)
Hawthorn Bancshares Inc (USD)
First Savings Financial Group Inc (USD)
Marquette National Corp (USD)
119
117
116
116
115
5
9
7
9
6
3.5
2.6
2.3
3.8
1.7
1.9
1.2
1.3
1.3
0.8
19.4
11.9
15.9
12.6
17.5
0.7
2.8
1.2
1.0
2.7
7.7
5.6
-1.0
4.0
15.0
21.1
22.4
23.7
14.3
2.8
3.1
2.9
2.3
3.4
1.5
1.1
1.5
1.3
0.4
Colony Bankcorp Inc (USD)
Mid Penn Bancorp Inc (USD)
Oak Valley Bancorp (USD)
California Bank of Commerce (USD)
Embassy Bancorp Inc (USD)
115
114
112
111
111
8
7
8
5
7
2.4
2.7
3.0
3.8
3.7
1.3
1.6
1.3
1.5
1.5
15.9
14.3
13.5
22.6
15.1
0.4
1.8
1.8
1.2
10.3
5.2
7.5
2.9
2.9
15.6
5.0
3.6
0.9
0.3
0.9
22.9
23.0
31.0
28.8
34.8
BankGuam Holding Co (USD)
111
12
1.3
0.8
8.6
8.4
19.5
10.0
1.4
0.8
1.6
37.1
9.1
8.7
1.7
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
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0.4
0.2
0.2
0.4
®
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Release date 06-17-2017
Page 9 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Industry Peers
CB Financial Services Inc (USD)
Salisbury Bancorp Inc (USD)
Chesapeake Financial Shares Inc (USD)
Croghan Bancshares Inc (USD)
110
110
108
107
7
6
7
9
3.0
2.8
2.3
3.0
1.2
1.2
1.3
1.0
15.1
16.2
14.4
11.9
3.3
2.8
1.8
1.5
Eagle Financial Services Inc (USD)
First United Corp (USD)
Fidelity D & D Bancorp Inc (USD)
PSB Holdings Inc (USD)
Four Oaks Fincorp Inc (USD)
106
106
105
103
100
6
7
7
7
7
3.4
1.8
3.1
3.6
3.2
1.3
1.0
1.3
1.6
1.4
15.6
17.4
13.2
13.6
13.7
2.8
CCFNB Bancorp Inc (USD)
Bank of South Carolina Corp (USD)
OP Bancorp (USD)
Community First Bancshares Inc (USD)
ENB Financial Corp (USD)
99
99
99
98
97
6
5
7
1
7
4.0
5.7
2.7
3.8
2.6
1.2
2.4
1.2
2.1
1.0
Plumas Bancorp (USD)
F & M Bank Corp (USD)
Private Bancorp of America Inc (USD)
BayCom Corp (USD)
Empire Bancorp Inc (USD)
95
95
95
93
92
7
9
4
5
2
3.0
3.2
4.6
3.4
4.5
Juniata Valley Financial Corp (USD)
American River Bankshares (USD)
Randolph Bancorp Inc (USD)
Coastway Bancorp Inc (USD)
Pacific Financial Corp (USD)
92
92
91
91
90
5
6
0
3
6
Santa Cruz County Bank (USD)
BNCCORP Inc (USD)
Community Bancorp Inc (USD)
Harleysville Financial Corp (USD)
Bay Banks of Virginia Inc (USD)
90
89
87
87
86
Severn Bancorp Inc (USD)
Mackinac Financial Corp (USD)
First Bankers Trustshares Inc (USD)
Guaranty Federal Bancshares Inc (USD)
CSB Bancorp Inc (USD)
Morningstar Rating TM
9.8
4.4
10.6
28.7
20.0
20.4
32.3
4.7
3.4
3.4
6.1
2.8
1.4
0.1
1.8
-1.2
4.5
4.3
-0.7
31.1
16.9
29.1
31.0
-1.3
9.4
2.2
5.4
3.1
2.1
14.4
19.2
14.5
100.2
13.1
3.1
2.8
8.1
6.0
3.9
5.7
19.3
4.7
2.3
3.9
0.0
2.4
35.8
39.8
31.6
20.7
27.0
1.9
1.2
1.6
1.2
1.4
12.5
11.0
21.7
15.6
36.5
1.2
3.0
5.8
5.9
29.2
31.2
33.4
33.6
20.2
13.0
4.6
4.3
4.0
3.3
0.2
0.7
1.3
3.9
4.4
3.0
3.2
2.2
1.6
1.1
1.1
1.3
1.1
17.4
15.3
6,559.1
25.3
14.1
4.6
0.7
4.0
-1.2
2.6
9.1
6.5
24.9
31.7
1.7
11.2
19.0
3.6
11.8
1.3
3.1
4.7
0.4
0.1
0.4
1.5
0.3
6
6
5
5
1
3.7
1.8
3.2
3.8
2.3
1.9
1.2
1.7
1.3
3.6
14.9
13.4
15.5
15.7
24.2
0.5
3.9
1.3
6.7
34.8
25.7
25.4
33.6
10.6
20.4
3.9
3.7
2.0
2.0
86
85
85
84
83
15
5
9
5
6
2.9
2.2
2.0
3.2
3.1
1.0
1.1
1.1
1.2
1.3
5.8
16.6
9.4
14.7
12.0
15.9
21.8
29.5
29.7
34.9
1.6
2.4
4.4
2.8
7.6
1.3
0.8
0.6
1.5
0.2
Wolverine Bancorp Inc (USD)
Stewardship Financial Corp (USD)
SB Financial Group Inc (USD)
Westbury Bancorp Inc (USD)
Puget Sound Bancorp Inc (USD)
83
83
83
82
82
4
4
9
3
4
5.7
2.2
2.5
2.8
4.7
1.3
1.6
1.1
1.0
1.6
16.9
12.4
12.0
24.7
20.0
31.3
18.2
21.8
5.7
33.0
2.7
2.6
5.0
3.1
6.7
0.7
1.7
0.2
0.3
0.1
Carolina Alliance Bank (USD)
Cortland Bancorp (USD)
Community West Bancshares (USD)
FirstAtlantic Financial Holdings Inc (USD)
Virginia National Bankshares Corp (USD)
82
82
81
80
80
4
4
5
3
6
3.0
3.4
2.6
4.3
3.3
1.1
1.4
1.2
1.3
1.3
19.9
18.1
16.0
21.6
13.1
21.6
21.8
23.4
30.5
29.2
3.4
3.1
3.8
5.1
9.9
0.4
0.4
0.6
0.4
ChoiceOne Financial Services Inc (USD)
Calvin B. Taylor Bankshares Inc (USD)
First Advantage Bancorp (USD)
Summit State Bank (USD)
Freedom Bank Of Virginia (USD)
80
79
79
78
77
6
5
3
4
2
2.9
4.7
3.9
4.8
3.8
1.1
1.0
1.2
1.3
1.5
AmeriServ Financial Inc (USD)
Northway Financial Inc (USD)
Athens Bancshares Corp (USD)
Bay Bancorp Inc (USD)
76
75
75
75
4
4
3
2
1.6
2.2
3.5
2.7
0.8
1.0
1.5
1.1
2.8
3.7
3.1
1.4
1.9
2.6
-1.4
11.5
0.7
5.9
0.3
0.7
0.1
1.2
0.2
0.7
1.5
0.1
0.6
0.2
0.3
0.3
2.8
4.0
1.2
1.5
5.3
-2.7
4.8
1.6
1.4
1.0
1.6
4.0
-0.1
12.8
15.8
26.3
20.0
30.1
2.8
3.4
1.8
3.1
2.5
0.5
6.3
3.2
29.5
44.2
21.8
40.8
13.5
9.5
22.5
2.0
7.8
1.9
0.3
15.8
18.8
22.0
35.5
1.5
2.3
0.5
1.2
15.4
25.0
23.5
9.6
1.4
2.1
3.7
2.4
0.7
0.3
0.1
5.5
4.3
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
0.5
1.2
®
ß
Release date 06-17-2017
Page 10 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Industry Peers
Sound Financial Bancorp Inc (USD)
74
5
2.8
1.2
13.5
1.2
Madison County Financial Inc (USD)
First National Corp (USD)
Magyar Bancorp Inc (USD)
Citizens Community Bancorp Inc (USD)
First US Bancshares Inc (USD)
73
71
71
70
70
3
6
1
2
1
4.7
2.2
3.6
2.7
2.2
1.2
1.3
1.5
1.1
0.9
19.7
11.2
55.7
24.5
58.4
1.7
0.9
Fauquier Bankshares Inc (USD)
United Bancshares Inc (USD)
MainStreet Bancshares Inc (USD)
Eagle Bancorp Montana Inc (USD)
Bank of the James Financial Group Inc (USD)
70
69
69
68
67
3
5
3
5
3
2.8
2.9
3.4
1.8
2.8
1.3
0.9
1.5
1.1
1.4
Fentura Financial Inc (USD)
Peoples Financial Corp (USD)
Wellesley Bancorp Inc (USD)
Coastal Banking Co Inc (USD)
Jeffersonville Bancorp (USD)
66
66
65
65
64
4
0
3
6
5
2.9
2.8
2.8
1.4
3.2
HCSB Financial Corp (USD)
United Bancorp Inc (USD)
Porter Bancorp Inc (USD)
HomeTown Bankshares Corp (USD)
Patriot National Bancorp Inc (USD)
63
63
62
60
60
9
3
-2
2
3
Commercial National Financial Corp (PA) (USD)
Blue Valley Ban Corp (USD)
Emclaire Financial Corp (USD)
South Atlantic Bancshares Inc (USD)
Highlands Bankshares Inc (USD)
60
59
59
57
57
Delmar Bancorp (USD)
First American International Corp (USD)
PBB Bancorp (USD)
Highlands Bankshares, Inc. (USD)
Muncy Bank Financial Inc (USD)
Morningstar Rating TM
8.3
28.2
3.8
0.4
1.2
0.7
4.1
1.9
0.4
-5.6
41.8
19.9
4.3
12.2
11.0
3.2
5.2
1.5
1.8
1.6
0.6
0.3
0.7
1.1
0.2
18.3
12.5
17.5
13.2
21.5
2.6
2.1
-2.5
1.1
1.8
1.6
4.8
18.4
27.9
18.6
14.0
21.1
3.5
4.3
2.8
3.2
3.1
0.3
0.4
1.2
1.5
0.1
1.3
0.7
1.2
1.3
1.1
10.8
430.0
20.4
8.7
12.7
1.1
8.8
-5.4
15.0
4.8
-0.8
27.3
-8.4
21.9
9.2
28.8
3.8
1.2
2.0
3.7
7.9
0.9
0.0
1.9
1.5
1.8
3.2
1.8
3.1
2.6
1.8
1.5
1.9
1.2
0.9
0.1
16.5
5.5
-0.5
-10.3
8.7
0.6
-1.5
20.3
-8.6
26.7
5.0
3.3
3.9
0.5
2.3
2.0
0.7
0.5
1.3
0.4
2.3
3
1
4
2
0
3.5
2.1
2.5
3.3
3.0
1.1
1.4
1.1
1.0
1.1
15.9
36.2
14.3
21.7
136.8
5.0
-1.9
2.6
3.7
30.5
3.7
23.8
18.0
0.6
14.4
1.7
2.3
3.5
0.9
55
54
54
53
53
4
5
4
3
3
2.7
1.7
2.6
2.9
3.4
1.2
0.7
1.2
1.1
1.2
14.0
11.8
11.4
14.9
13.3
1.2
0.8
2.8
3.4
-0.6
2.3
25.9
14.5
25.9
22.7
42.5
3.2
2.4
4.8
3.7
3.6
0.7
2.2
1.1
0.1
0.3
Consumers Bancorp Inc (USD)
First Priority Financial Corp (USD)
Parkway Acquisition Corp (USD)
Suncrest Bank (USD)
Southwest Georgia Financial Corp (USD)
52
52
51
51
50
2
2
2
0
4
3.0
2.9
2.3
8.9
2.4
1.2
1.2
0.9
0.9
1.3
23.3
23.0
20.8
95.4
12.4
2.5
5.3
22.4
16.0
14.9
12.3
19.9
3.7
1.8
3.1
1.6
4.2
0.3
1.8
Hamilton Bancorp Inc (USD)
Capital Bank (San Juan Capistrano CA) (USD)
Ottawa Bancorp Inc (USD)
Riverview Financial Corp (USD)
Bancorp 34 Inc (USD)
49
49
48
47
47
0
3
1
1
5
3.3
4.2
4.5
2.1
1.9
0.8
2.1
0.9
1.1
0.9
292.0
17.5
31.8
22.5
9.1
-6.3
41.8
18.4
13.9
3.5
1.2
5.1
3.2
2.9
1.7
0.4
1.1
0.0
0.3
1.0
Citba Financial Corp (USD)
Melrose Bancorp Inc (USD)
Katahdin Bankshares Corp (USD)
Citizens First Corp (USD)
First Security Inc (USD)
46
46
46
45
44
3
1
4
4
2
2.7
5.6
1.6
3.1
2.5
1.1
1.1
0.8
1.2
0.7
15.5
24.7
11.9
13.6
20.2
23.9
24.1
23.0
25.9
21.6
7.0
2.4
2.6
3.4
1.8
0.3
0.6
1.3
1.5
Surrey Bancorp (USD)
Village Bank and Trust Financial Corp (USD)
Pinnacle Bankshares Corp (USD)
Mission Valley Bancorp (USD)
Commencement Bank (USD)
44
44
43
42
42
3
13
3
4
1
3.9
1.8
2.4
2.3
3.6
1.2
1.0
1.2
1.5
1.2
14.9
3.4
13.8
10.8
25.6
37.9
-5.0
23.9
28.0
21.1
5.2
1.9
3.9
11.8
3.1
0.0
0.4
Pilgrim Bancshares Inc (USD)
Woodlands Financial Services Co (USD)
42
41
1
3
5.0
2.6
1.3
1.1
34.0
12.2
13.1
27.8
2.0
3.7
1.2
0.4
0.6
3.6
4.2
29.1
20.4
3.9
1.8
0.8
2.2
0.6
4.1
4.7
6.6
15.8
1.2
2.9
0.7
2.8
1.4
0.6
2.9
2.1
-4.5
2.7
3.0
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
1.2
0.6
0.8
6.7
0.7
0.2
®
ß
Release date 06-17-2017
Page 11 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Industry Peers
Communities First Financial Corp (USD)
New Peoples Bankshares Inc (USD)
Uwharrie Capital Corp (USD)
40
39
37
3
0
1
2.9
1.3
1.4
1.4
0.8
1.1
13.4
111.9
21.6
University Bancorp Inc (USD)
Potomac Bancshares Inc (USD)
Carolina Trust BancShares Inc (USD)
First West Virginia Bancorp Inc (USD)
Central Federal Corp (USD)
36
35
35
35
35
3
0
0
1
1
0.7
2.0
9.6
2.5
3.6
2.8
1.2
1.1
0.9
37.9
27.7
43.0
3.9
Prime Meridian Holding Co (USD)
SBT Bancorp Inc (USD)
Sturgis Bancorp Inc (USD)
First Federal of Northern Michigan Bancorp Inc (USD)
Ajs Bancorp Inc (USD)
34
34
33
32
31
2
1
2
1
0
2.9
2.0
1.9
2.9
5.9
1.3
1.1
1.0
1.0
1.0
14.6
18.8
12.7
24.5
70.7
0.4
2.3
3.0
2.1
1.4
West End Indiana Bancshares Inc (USD)
HV Bancorp Inc (USD)
Blue Ridge Bankshares Inc
Bank of Napa NA (USD)
Glen Burnie Bancorp (USD)
31
31
31
30
30
1
0
2.1
3.1
1.1
1.0
16.7
35.4
1.9
7.2
1
1
3.7
2.4
1.2
0.9
17.8
26.8
1.6
1.3
3.6
-3.8
Premara Financial Inc (USD)
Pinnacle Bank (USD)
VSB Bancorp Inc (USD)
Mars National Bancorp Inc (USD)
FSB Bancorp Inc (USD)
30
30
29
29
28
0
2
2
1
0
3.1
2.3
2.2
2.5
2.6
1.2
1.1
1.0
0.9
0.9
43.6
12.5
12.4
22.6
32.2
OCB Bancorp (USD)
Farmers Bank of Appomattox (USD)
Kinderhook Bank Corp (USD)
WCF Bancorp Inc (USD)
Community Bk Santa Maria (USD)
28
27
27
26
25
1
2
3
0
1
3.0
3.2
2.3
6.4
2.7
1.7
1.0
0.8
0.9
1.2
22.4
12.6
12.5
204.0
21.0
CIB Marine Bancshares Inc (USD)
Quaint Oak Bancorp Inc (USD)
Central Federal Bancshares Inc (USD)
MNB Holdings Corp (USD)
First Colebrook Bancorp Inc (USD)
25
25
24
22
22
4
1
0
1
0
1.8
2.7
10.8
2.3
2.3
1.4
1.2
0.9
1.0
0.9
12.7
17.6
1.3
13.3
68.6
1.9
Sunshine Financial Inc (USD)
Citizens Bancshares Corp (USD)
Home City Financial Corp (USD)
County First Bank (USD)
First Resource Bank (USD)
21
21
20
19
18
0
2
1
1
1
2.6
1.3
3.8
2.3
2.2
1.0
0.5
1.3
0.8
1.0
62.2
10.9
16.0
17.2
13.3
MW Bancorp Inc (USD)
Citizens Independent Bancorp Inc (USD)
Cincinnati Bancorp (USD)
Carroll Bancorp Inc (USD)
Community Capital Bancshares Inc (USD)
16
16
16
15
13
1
1
0
0
0
4.3
1.8
2.3
3.0
2.2
1.0
0.9
0.9
1.0
0.9
11.3
13.4
18.4
70.8
20.9
Delanco Bancorp Inc (USD)
Edgewater Bancorp Inc (USD)
Community Shores Bank Corp (USD)
Sugar Creek Financial Corp (USD)
Best Hometown Bancorp Inc (USD)
12
11
11
11
10
0
74
0
0
0
3.2
2.0
1.5
4.2
4.3
0.9
0.0
0.8
0.9
0.9
430.0
149.2
28.5
97.1
Home Bancorp Wisconsin Inc (USD)
Meetinghouse Bancorp Inc (USD)
M & F Bancorp Inc (USD)
Town Center Bank Il (USD)
Community Savings Bancorp Inc
10
10
10
8
6
0
0
0
0
2.0
2.2
0.9
2.3
0.9
1.0
0.4
0.8
0.7
201.7
78.2
2.4
1.8
3.2
-12.6
-0.2
32.9
3.3
9.9
12.2
1.4
3.4
0.2
0.3
-2.5
7.7
-1.6
11.3
10.5
17.8
15.2
22.1
4.7
39.4
0.2
1.8
2.6
1.8
0.1
0.0
0.9
0.1
0.7
25.5
10.6
16.5
11.7
3.4
5.1
2.1
2.8
2.0
1.0
1.4
1.8
0.5
17.7
12.0
2.5
3.1
1.2
0.3
30.2
15.2
8.2
1.5
0.6
6.0
17.7
23.0
9.3
9.2
1.4
15.9
4.7
3.9
1.6
1.0
17.0
30.8
23.8
6.8
17.8
3.2
3.9
2.6
1.1
7.9
1.9
-0.7
24.2
5.6
28.5
16.4
2.4
1.9
-1.6
3.3
1.4
0.5
6.9
30.4
17.4
24.7
1.4
4.0
2.7
5.2
1.9
0.7
0.1
1.3
-0.8
10.5
13.5
8.8
9.8
1.0
3.3
1.8
1.6
2.6
1.7
-18.4
-15.8
3.2
17.5
-23.7
0.9
1.1
1.3
1.1
0.6
-21.4
5.6
4.1
6.1
1.3
0.7
1.6
2.3
5.9
2.3
2.4
10.5
3.3
2.5
2.0
0.8
2.3
1.5
Morningstar Rating TM
4.6
18.4
-1.0
-4.8
2.7
11.9
-4.8
-4.5
-2.8
12.5
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
0.9
1.6
0.6
0.2
0.4
2.6
0.4
1.0
1.2
0.8
1.1
0.3
0.4
0.7
1.0
0.9
0.0
0.5
®
ß
Release date 06-17-2017
Page 12 of 20
Hanmi Financial Corp HAFC
Quote
Industry Peers
OptimumBank Holdings Inc (USD)
Independence Bancshares Inc (USD)
First NBC Bank Holding Co (USD)
Manasota Group Inc (USD)
Us Metro Bank Ca
Gold Canyon Bank Az
Bv Financial Inc (USD)
United American Bank (USD)
Southshore Community Bank (USD)
American Riviera Bank (USD)
2
2
0
0
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
0
-2
-21
0
0.8
0.7
0.0
1.0
0.3
0.0
4.0
136
-2
1
0
-4
Morningstar Rating TM
1.0
3.4
6.8
-11.9
-122.8
10.6
-223.6
0.6
-6.9
-1.6
-1.6
5.9
-5.1
8.4
-77.2
-782.5
-0.1
1.3
0.4
19.4
-4.1
0.7
1.0
9.1
0.4
1.0
0.2
Piedmont Community Bank Group Inc (USD)
Connecticut River Community Bank (USD)
Folsom Lake Bank Ca
Huron Valley Bancorp Inc
CBBC Bancorp (USD)
-3
0
0
-80.3
-0.4
Sound Banking Co (USD)
Central Florida St Bank (USD)
ES Bancshares Inc (USD)
Idaho First Bank (USD)
Premier Commercial Bancorp (USD)
0
-4
0
-1
0
1.5
-0.6
1.0
-0.3
1.0
0.2
-1.4
27.3
15.3
-21.5
-67.1
1.8
72.7
-39.3
1.9
0.0
1.6
1.7
20.2
2.2
0.2
0.6
1.4
1.5
4.0
1.5
1.7
Pinnacle Bank Of Oregon
Choice Bancorp Inc (USD)
Ohana Pacific Bank
CommerceWest Bank (USD)
Lighthouse Bank Ca
Carter Bank & Trust (USD)
Golden State Bancorp (USD)
Uniti Financial Corp (USD)
United Bancorp Of Alabama Inc (USD)
Benchmark Bankshares Inc (USD)
Santa Ana Business Bank
New Jersey Community Bank
First National Talladega Corp
First National Bank Mount Dora FL
William Penn Bancorp Inc (USD)
2.9
1.1
63.1
10.1
20.9
4
3
15
1
7
1
3
2
3.6
25.5
3.9
4.5
1.3
1.8
0.0
0.8
0.8
3.6
0.9
2.4
1.5
7.9
37.4
-14.8
22.4
0.4
39.7
1.2
11.3
43.1
1.8
1.6
1.1
52.2
2.3
-501.8
12.2
35.8
-47.9
0.2
0.1
0.4
0.3
1.6
13.6
44.2
-33.0
1.5
1.6
0.7
First Bancshares, Inc.
Central Service
Farmers Bankshares Inc
Peoples Trust Company Of St. Albans
Southern Bancshares NC Inc
2.2
Fcn Banc Corp
Central Bank Corp
Damariscotta Bankshares Inc
Illinois Community Bancorp Inc
Middlebury National Corp
3.8
0.4
1.9
1.6
0.0
2.2
2.6
Towne Bancorp Inc Az (USD)
Pacific Alliance Bank CA (USD)
CCB Bankshares Inc (USD)
First Banking Center Inc (USD)
Atlantic Bancshares Inc (USD)
0
-2
0
9
0
Farmers and Merchants Bancshares Inc (USD)
Minden Bancorp Inc LA (USD)
MetroPacific Bank (USD)
0
1
0
0.9
9.7
2.5
2.1
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
1.0
1.6
0.1
0.5
®
ß
Release date 06-17-2017
Page 13 of 20
Hanmi Financial Corp HAFC
Quote
Industry Peers
Ventura County Business (USD)
Cornerstone Financial Corp (USD)
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
0
-1
Morningstar Rating TM
-2.3
-4.2
1.4
0.5
0.8
33.2
1.6
0.4
-1.2
24.9
0.0
0.8
8.7
27.6
4.5
0.8
23.1
Mechanics Bank (USD)
Savings Bank
Hamilton State Bancshares Inc
Virginia Community B
SSNB Inc
28
Peoples Bancorp Inc (USD)
1st Summit Bancorp Johnstown Inc
Glenville Bank Holding Co Inc
Oconomowoc Bancshares Inc
Landmark Bancorp Inc (USD)
-2
AB&T Financial Corp (USD)
Waypoint Biomedical Holdings Inc
First State Bank NJ (USD)
First Community Corp Tn (USD)
Bank Of Utica (ny) (USD)
-3
-49.5
-0.3
1.3
-1
2
-5
-69.5
35.6
68.0
1.6
0.5
1.3
Hometown Bancorp Inc (USD)
Independent Bancshares Inc (USD)
Bank Of Utica (ny) (USD)
Farmers and Merchants Bancshares Inc (MD) (USD)
First Bank of Ohio
0
-2
-5
1
11.3
27.3
68.0
30.6
1.5
0.7
0.5
2.1
0.2
0.8
47.7
-220.7
1.3
2.3
5.9
34.9
7.6
0.2
42.5
1.6
0.8
17.9
28.1
-64.1
2.0
1.3
1.0
0.9
0.6
1.3
0.7
8
1.3
0.6
6.2
2.0
0.4
2.8
2.6
Commerce Bank of Temecula Valley CA
Golden Valley Bank Chico California
First IC Corp
CMUV Bancorp
JTNB Bancorp Inc
Keweenaw Financial Corp
Dart Financial Corp
First Sentry Bancshares Inc
Community Financial Group Inc (USD)
Virginia Bank Bancshares Inc
Bank Southside VA Corp
Mifflinburg Bank & Trust Co
MCNB Banks Inc
Bank Fincastle VA
CSB Bancorp Inc (USD)
Thomasville Bancshares Inc (USD)
Crystal Valley Financial Corp
Turbotville National Bank Inc
WTB Financial A
United National Bank
1.7
2.9
2.2
11.5
3.0
3
1.4
6
4
First Fedreal Of South Carolina Federal Savings Bank
First Suffield Financial Inc
Scottdale Bank & Trust Co
Peoples Bankshares Inc
Clatsop Community Bank
Sumner Bank & Trust
Minster Financial Corp
Cullman Bancorp Inc (USD)
CB Financial Corporation (USD)
Touchmark Bancshares Inc (USD)
2.3
1.5
1.1
18.1
7.4
95.7
2.3
1.2
0.8
1.1
2.0
1.3
1
1
0
4.1
1.0
Michigan Community Bancorp Ltd
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß
Release date 06-17-2017
Page 14 of 20
Hanmi Financial Corp HAFC
Quote
Industry Peers
Davis Trust Financial Corp.
First Capital Bancshares Inc (USD)
First Community Financial Corp (USD)
Harvard Illinois Bancorp Inc (USD)
BOSP Bancshares Inc
BlueHarbor Bank (USD)
Northern California National Bank
Calhoun Bankshares Inc
First Citrus Bancorp Inc
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
0
4
0
16.3
11.1
14.8
28
Heritage Bancorporation Inc
River Financial Corp (USD)
First Commerce Bank
NewDominion Bank
9.0
3.6
47.0
12.8
26.4
6.5
0.6
-5.4
5.5
2.8
0.1
31.1
1.5
4
30.8
2.5
0.3
8
27.5
5.8
0.1
6.0
1.2
31
2.9
1.1
U&I Financial Corp
Community Bancshares Inc (OH)
Citizens Bankshares Inc
Bank Ocean City
Catskill Hudson Bancorp Inc
Fleetwood Bank Corp
Putnam County National Bank
Lewis & Clark Bank
USAmeribancorp Inc
Mountain Commerce Bancorp Inc (USD)
0.8
0.4
0.4
-1.2
Aquesta Financial Holdings Inc
Oak View National Bank Warrenton
Republic Bank AZ NA
Amboy Bancorp
West Michigan National Bank
Partners Bank of California
CNB Financial Services Inc (USD)
Friends Bank New Smyrna Beach
Capital Bank New Jersey
Feliciana Bank & Trust Co
0.4
2.0
1.6
-244.0
1.2
Quarry City Savings & Loan Association
First Alliance Bancshares Inc
First National Bank Marysville PA
Ifb Holdings Inc
FSB BanCorp
First Missouri Bancshares Inc
First General Bank
National Bank Holdings Corp (USD)
Andover Bancorp Inc
1867 Western Financial Corp
-608.0
33.6
2.4
2.6
-1
Columbus Community Bank
Darien Rowayton Bank
Regional Bankshares Inc
Community Bank (Pasadena CA)
Citizens B & T Holdings Inc
Jefferson Bankshares Inc
First Bancorp (USD)
York Traditions Bank
Bucks County Bank
Denali Bancorporation Inc
Morningstar Rating TM
2.6
1.7
1
0.9
3.0
0.3
1.3
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß
Release date 06-17-2017
Page 15 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Morningstar Rating TM
Industry Peers
Pioneer Bancshares Inc
Capital Commerce Bancorp Inc
Denmark Bancshares Inc (USD)
Trinity Capital Corp (USD)
Virginia Partners Bk Fredericksburg VA
Coastal Carolina Bancshares Inc
Metro Phoenix Bank Inc
Deutsche Bank Mexico SA (USD,EUR)
Primary Bk
Commerce Bancshares Inc (USD)
Gold Coast Bank
3
14
2.3
-4.8
27.4
3.7
2.3
1.5
0.5
0.4
-1,632
3.3
4.6
0.4
2.4
281
1.7
35.9
13.2
0.0
10.4
1.1
10.0
-3.4
6.2
-3.1
24.4
37.5
-3.6
-60.2
1.7
-2.0
1.6
1.2
1.5
8.5
0.5
0.3
48.8
26.7
-455.1
-64.3
28.2
13.0
1.3
0.6
-10.9
1.2
0.3
1.1
0.7
-5.8
-35.0
-248.2
17.0
33.1
-33.6
-4.0
1.8
-0.9
2.8
-0.1
-7.3
4.9
2.6
6.9
5.5
1.1
16.7
32.4
17.9
-47.4
-0.6
3.1
-0.7
1.2
-5.7
0.1
0.1
13.2
0.3
0.1
1.1
8.5
2.7
50.6
28.2
13.1
7.8
39.0
31.9
1.3
0.2
0.6
2.8
1.9
0.5
21.7
0.2
0.1
2.7
2.0
28.2
38.7
-155.2
-29.5
21.7
2.4
1.6
-0.1
0.3
1.6
0.9
0.4
2.7
6.3
0.7
31.4
67.5
-0.4
-1.2
1.8
0.7
Tennessee Community Bank Holdings Inc
SaviBank
InsCorp Inc
Great State Bank Wilkesboro NC
FMB Equibanc Inc
Grandpoint Capital Inc
Plaza Bancorp
West Town Bancorp Inc (USD)
Professional Holding Corp
Centric Financial Corp
2.4
0
Sevier County Bancshares Inc
Oregon Pacific Bancorp (USD)
Pacific State Bancorp (USD)
Northwest Bancorp Inc (USD)
Ohio Legacy Corp (USD)
1
-25
1
0
Merchants Bancorp Inc (USD)
Liberty Bell Bank (USD)
Northern States Financial Corp (USD)
Nexity Financial Corp (USD)
Millennium Bankshares Corp (USD)
1
0
-12
-4
-15
Mountain National Bancshares Inc (USD)
Harbor Bankshares Corp (USD)
Habersham Bancorp (USD)
Idaho Independent Bank (USD)
Colombo Bank (USD)
-39
1
-23
11
-4
Southeastern Banking Corp (USD)
Southern Michigan Bancorp Inc (USD)
Temecula Valley Bancorp Inc (USD)
Tri-State 1st Banc Inc (USD)
Princeton National Bancorp Inc (USD)
-5
4
-96
0
-58
1.7
2.3
Pinnacle Bancshares Inc (USD)
Rainier Pacific Financial Group Inc (USD)
Community First Bancorp (USD)
County Bank Corp (USD)
Commercial National Financial Corp (MI) (USD)
1
-57
-4
3
2
2.0
Elmira Savings Bank Elmira NY (USD)
DSA Financial Corp (USD)
Dearborn Bancorp Inc (USD)
Doral Financial Corp (USD)
Georgia Bancshares Inc (USD)
4
0
-15
-88
2
First State Financial Corp (USD)
City Bank (USD)
-29
-106
0.5
-3.5
64.6
-2.9
10.0
1.6
2.9
4.6
2.5
16.2
4.5
3.9
-9.3
-0.1
-7.0
1.5
3.0
6.9
12.4
-2.0
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
3.1
2.3
0.4
3.9
0.1
1.9
®
ß
Release date 06-17-2017
Page 16 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Industry Peers
CalWest Bancorp (USD)
Capital Directions Inc (USD)
CapitalSouth Bancorp (USD)
0
1
-38
Cecil Bancorp Inc (USD)
American Bank Inc (USD)
1st Colonial Bancorp Inc (USD)
Bay National Corp (USD)
Beverly Hills Bancorp Inc (USD)
-9
2
0
-17
-15
Brunswick Bancorp (USD)
Truxton Corp
Community 1st Bancorp
Presidio Bank (USD)
River Valley Community Bank (USD)
1
Solera National Bancorp Inc (USD)
Avidbank Holdings Inc (USD)
Plaza Bank Wa (USD)
Old Harbor Bank (fl) (USD)
Beach Community Bancshares Inc (USD)
-1
0
-1
0
-3
Denmark Bancshares Inc (USD)
Paragon Financial Solutions Inc (USD)
Canandaigua National Cp (USD)
Killbuck Bancshares (USD)
Enterprise Bank NJ (USD)
3
0
21
3
0
Pacific Valley Bank (USD)
Tri County Financial Group Inc
Charter Oak Bank (ca) (USD)
Harvest Community Bank (USD)
Americas United Bank Ca (USD)
-1
0.6
3.3
0.8
2.4
Morningstar Rating TM
19.8
41.4
50.6
7.1
46.2
23.7
0.8
1.6
0.4
12.2
7.4
15.3
3.1
-8.2
9.2
40.6
17.2
-88.6
52.8
-1.0
1.2
1.0
-1.3
1.0
0.3
39.1
7.0
-65.6
-27.0
0.5
0
0
47.9
4.6
2.7
2.3
2.6
2.4
12.2
-4.1
2.4
-113.6
-34.7
-3.6
38.3
0.2
3.5
1.0
2.1
0.5
3.6
0.5
0.4
-0.6
1.0
1.2
0.1
27.4
-15.8
26.9
30.4
-16.9
2.3
0.9
4.2
1.9
0.5
0.6
0.4
0.0
0.6
-57.1
0.7
0.2
-84.8
21.6
-129.6
0.7
1.2
-2.3
0.2
1.9
1.3
0.9
1.2
0.9
0
0
-2
Two Rivers Financial Group Inc
Tri-Valley Bank (USD)
Silver Falls Bank (USD)
Syringa Bancorp (USD)
Seneca-cayuga Bancorp Inc (USD)
-1
1
0
0
-122.9
44.1
14.7
1.2
1st Capital Bank (USD)
Treaty Oak Bancorp Inc (USD)
Prime Bank (USD)
First Commerce Community Bankshares Inc (USD)
Redwood Capital Bancorp (USD)
0
0
0
3
0
-34.7
-47.6
40.2
45.2
-9.4
0.6
Cboa Financial Inc
Cornerstone Community Bancorp
Cornerstone Bancorp (USD)
Plymouth Financial Corp
Northern California Bancorp Inc (USD)
-1
-10.3
0.7
-6.3
5.5
-1.5
0.1
2.0
7.6
-4.1
-183.5
0.5
16.6
-2.0
1.2
0.8
23.8
1.3
1.7
26.5
-169.0
-44.3
5.4
2.1
0.1
1.6
0.5
New Resource Bank CA (USD)
CNB Corp MI (USD)
Mirae Bancorp (USD)
California Business Bank
Parkway Bank (USD)
Jefferson Security Bank W Va
FNBH Bancorp Inc (USD)
Citizens Bancorp of Virginia Inc (USD)
California International Bank NA (USD)
Pacific West Bank West Linn Oregon (USD)
2.2
2.1
1.3
-11
-3
-2
1
3.4
0
0.2
1.5
0.2
1.2
0.2
1.6
1.5
1.4
1.7
2
3
-1
0
4.9
22.9
3.5
-6.8
1.7
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß
Release date 06-17-2017
Page 17 of 20
Hanmi Financial Corp HAFC
Quote
Industry Peers
Centerpointe Community Bank
Highlands Bancorp Inc (USD)
Rising Sun Bancorp MD (USD)
AltaPacific Bancorp (USD)
WTB Financial A
PanAmerican BanCorp
Trinity Bank NA (USD)
Citizens Financial Corp WV (USD)
Friendly Hills Bank
BEO Bancorp OR (USD)
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
1
1
-1
0.7
1.4
Morningstar Rating TM
7.3
29.0
-266.7
1.9
1.5
0.9
18.9
21.3
1.5
1.2
0.3
0.9
0
1
1.6
3.3
3
2.4
13.8
1.4
Seacoast Commerce Banc Holdings (USD)
First Sound Bank WA (USD)
Summit Bank OR (USD)
Patriot Federal Bank NY
Frederick County Bancorp Inc (USD)
-3
1
0
0.8
-93.2
-62.1
17.7
-0.7
15.6
1.9
0.6
Altrust Financial Services Inc (USD)
Pacific Commerce Bancorp (USD)
Ben Franklin Financial Inc (USD)
WCB Holdings Inc
Liberty Bancorp Inc (USD)
5
0
0
-28.9
2.9
2.0
0.9
0.4
1.9
0.9
21.1
1.4
0.2
1.5
6.2
22.3
-0.9
0.3
20.3
1.2
0.4
9.2
3.8
2.7
14.7
34.8
-64.3
47.3
42.0
4.1
1.1
0.3
1.8
4.2
42.1
1.4
32.6
1.7
-5.9
16.0
-0.7
6.4
3.2
32.1
3.7
0.5
0.2
18.6
1.5
11.1
33.6
2.0
0.4
-5.2
-7.5
2.1
1.7
0.4
CNB Bancorp, Inc. (USD)
WSB Financial Inc (USD)
Steuben Trust Co
National Bank of Coxsackie
Town & Country Financial Corp (USD)
UNB Corp
Tri City Bankshares Corp (USD)
Reliance Bancshares Inc (USD)
State Bank Corp (USD)
Wawel Savings Bank (USD)
Susquehanna Community Financial Inc (USD)
West Shore Bank Corp
AMC Financial Holdings Inc
CBC Holding Co (USD)
Bank of Labor Bancshares Inc
Amcore Financial Inc (USD)
Clarion County Community Bank
Cortez Community Bank
Diamond Bancshares Inc
First Citizens Bancshares Inc (TN) (USD)
First Ottawa Bancshares, Inc. (USD)
National Bancshares Inc
Country Bank Holding Co Inc
First Community Financial Corp (USD)
Delhi Bank Corp
0.8
1.2
1
2.8
7.4
17.5
-1.0
2
0.9
0
-32
3.1
0.9
0.7
4
0.6
2.5
9
1
-2
0
1.3
1.9
2
0.5
3.3
1
4.8
-223
0.5
1.3
2.6
0.5
0.5
1.3
1.9
2.2
13
0
16.3
5.0
3.1
2.3
4
Grand Bank Corp
National Capital Bank DC
Tennessee Valley Financial Holdings Inc
Apollo Bancorp Inc
Empire Bancshares Inc
IBW Financial Corp
First Reliance Bancshares Inc (USD)
Border Bancshares Inc Me
2.4
0.5
4.6
1.6
1.0
4
1.7
10.1
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß
Release date 06-17-2017
Page 18 of 20
Hanmi Financial Corp HAFC
Quote
Industry Peers
Bank of Southern California NA (USD)
Williamette Community Bank (USD)
Community 1st Bank Post Falls Idaho
Community First Bank Howard County Kokomo IN
Pacific City Financial Corp (USD)
Community Bank Of Bay (USD)
S b c p Bancorp Inc (USD)
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
0
0
1.3
0.8
21
0
5
Bank Of Santa Clarita Ca (USD)
Bank Reale
Dacotah Banks Inc
Denver Bankshares Inc
Dimeco Inc (USD)
0
6
3.1
Eastern Michigan Financial Corp (USD)
Elmer Bancorp Inc (USD)
Citizens National Bancshares Bossier Inc (USD)
Citizens National Corp (USD)
Community Bankers Corp (USD)
2
1
7
4
1
2.2
3.2
Comunibanc Corp
Bol Bancshares Inc (USD)
Boyle Bancorp Inc
CBT Financial Corp (USD)
CNB Financial Services Inc (USD)
49.6
-21.3
-25.6
0.8
1.5
9.3
18.3
2.6
15.6
27.9
4.6
1.5
1.4
-54.0
0.9
31.8
3.0
0.3
32.4
36.3
45.9
28.7
29.8
1.7
1.5
1.5
1.9
1.4
0.0
0.0
-9.2
3.1
1.3
0.1
5.5
19.4
31.1
1.2
1.5
0.5
13.9
40.6
1.4
1.5
0.7
0.1
-152.7
1.3
1.4
37.0
30.6
16.8
27.9
52.2
3.5
1.3
1.6
1.5
2.0
0.0
1.1
1.5
0.8
25.2
2.8
0.9
41.2
26.8
3.8
1.6
26.2
2.6
0.0
31.1
20.8
1.4
1.7
2.4
18.8
19.4
1.4
1.0
0.0
0.4
0.0
0.3
1.4
4.7
1.8
3.9
0.1
3.1
0
3.9
3.2
2.0
1
1
Central Bancshares Inc (Texas)
Ballston SpA Bancorp Inc (USD)
Baraboo Bancorp Inc (USD)
Benton Financial Corp
Frontier National Corp (USD)
1
2
6
GNB Financial Services Inc (USD)
Globe Bancorp Inc (USD)
Great Basin Financial Corp (USD)
HCB Financial Corp (USD)
Hamlin Bank and Trust Co (USD)
1
0
2
1
5
Harford Bank (USD)
F & M Bancorp Ohio
F N B Bancorp Inc (USD)
FNB Inc (USD)
First Citizens National Bank
1
Bank First National Corp (USD)
First Miami Bancorp Inc
First National Bank of Groton
Kish Bancorp Inc (USD)
Lafayette Community Bancorp (USD)
8
Lyons Bancorp Inc (USD)
MNB Corp (USD)
Mauch Chunk Trust Financial Corp
Merchants Financial Group Inc
Metairie Bank & Trust Co (USD)
2
0
Honat Bancorp Inc (USD)
Iowa First Bancshares Corp (USD)
Jonestown Bank & Trust Co
Chino Commercial Bancorp (USD)
First National of Nebraska Inc (USD)
6
3
Neffs Bancorp Inc (USD)
Morningstar Rating TM
3.0
0.9
5.0
6.2
1
8
1
4
1
2
2.6
1.0
2.9
7.9
16.2
2.5
3.4
2.6
17.6
2.6
1.7
2.0
2.7
2.5
1.7
0.6
3.5
3.3
3.8
2.6
2.9
3.1
1.8
4.6
1.2
2.8
3.1
0
92
0.3
3
1.1
28.3
3.3
11.9
2.2
43.2
35.8
1.8
1.8
1.8
-0.1
10.7
33.3
3.3
1.4
0.4
0.6
5.9
53.9
1.9
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß
Release date 06-17-2017
Page 19 of 20
Hanmi Financial Corp HAFC
Quote
Industry Peers
New Tripoli Bancorp Inc
New Windsor Bancorp Inc
Newfield Bancorp Inc
North Dallas Bank & Trust Co (USD)
Northern Star Financial Inc (USD)
Orange County Bancorp Inc
Oxford Bank Corp (USD)
Penn Bancshares Inc
Peoples Ltd
Pilot Bancshares Inc
Pioneer Bankshares Inc (USD)
Pontiac Bancorp Inc
Provident State Bank of Preston
River City Bank (USD)
Security National Bank of Sioux City
Absecon Bancorp
Adirondack Trust Co
Albina Community Bancorp (USD)
American Business Bank (USD)
Baker Boyer Bancorp (USD)
Bank of Akron
Bank of Mckenney (VA) (USD)
Oak Ridge Financial Services (USD)
Burke & Herbert Bank & Trust Co (USD)
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
5
0
33.4
1.5
0.1
21.2
-15.8
0.5
-0.6
29.7
0.4
3.2
26.5
2.7
-9.4
-141.3
2.5
18.1
14.2
31.3
1.1
1.7
1.4
0.9
25.0
1.8
0.1
3.9
12.4
25.3
6.3
55.7
1.4
-0.5
2.0
0.2
0.5
0.4
18.8
33.6
2.0
5.2
0.8
12.2
-2.4
33.8
3.5
-5
2.9
1
9
1.8
2.9
0.7
0.5
0.4
0.4
1.1
1.2
3.0
1
5
4
1
0
19
Canyon Bancorp (USD)
Citizens Bancorp
Citizens Bancorp
ebank Financial Services Inc (USD)
Mid-Southern Savings Bank (USD)
0
Mission Bancorp (USD)
Mountain-Valley Bancshares Inc
NCAL Bancorp (USD)
New Millennium Bank (USD)
Northumberland Bancorp (USD)
3
Hocking Valley Bancshares
First National Bank Alaska (USD)
Foresight Financial Group (USD)
East Side Financial
Enterprise Financial Services Group Inc
3.8
0.8
2.0
0.9
Morningstar Rating TM
4.2
3.7
2.1
2.5
2.3
0
0
0.8
38.4
4.2
30.1
27.1
45.1
3.0
2.0
1.3
1.2
0.5
41.6
35.4
26.6
1.5
0.0
0.1
26.1
1.2
20.4
-2.3
1.1
-3.7
32.5
34.4
29.6
-76.0
24.5
2.3
2.2
1.8
11.9
35.2
1.3
2.8
2.3
19.0
1.7
0.8
2.3
6
2
1
2.3
40
6
0.2
4.6
0.8
-1.3
3.8
Community Bank of Bergen County (USD)
DCB Bancshares Inc
F S Bancorp
Fidelity Federal Bancorp (USD)
Somerset Trust Holding Co
1
Summit Bancshares, Inc. (USD)
Century Financial Corp (USD)
Easton Bancorp Inc (USD)
Exchange Bancshares Inc (USD)
Oregon Bancorp Inc (USD)
0
3
2
0
0
1.1
2.7
LifeStore Financial Group (USD)
American Bancorp Inc (USD)
Old Forge Bank PA
Prineville Bancorp (USD)
1
0
1.1
0
0.1
2.7
2.5
2.2
17.0
2.0
2.7
8.6
1
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
1.8
1.3
0.4
1.5
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Release date 06-17-2017
Page 20 of 20
Hanmi Financial Corp HAFC
Quote
Stock Type
Last Close 16/06/2017
Fair Value Estimate
Cyclical
29.25
$
Industry Peers
Redwood Financial
0.9
San Luis Trust Bank FSB (USD)
Shore Community Bank Toms River NJ (USD)
Farmers Bancorp
Industry Average
Morningstar Rating TM
4
0
56.9
26.6
1.6
1.1
2.6
13.6
7.3
14.0
3.9
0.7
2.4
—
1,528
54
4.2
1.6
19.1
1.8
©2017 Morningstar. All Rights Reserved. Unless otherwise provided in a separate agreement, you may use this report only in the country in which its original distributor is based. Data as originally reported. The
information contained herein is not represented or warranted to be accurate, correct, complete, or timely. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.
Redistribution is prohibited without written permission. To order reprints, call +1 312-696-6100. To license the research, call +1 312-696-6869.
®
ß