Reviewing Glacier Bancorp Inc. (GBCI)’s and Hanmi Financial Corporation (NASDAQ:HAFC)’s results

Glacier Bancorp Inc. (NASDAQ:GBCI) and Hanmi Financial Corporation (NASDAQ:HAFC) have been rivals in the Regional – Pacific Banks for quite some time. Below is a review of each business including various aspects such as profitability, analyst recommendations, institutional ownership, risk, dividends, earnings and valuation.

Earnings & Valuation

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Glacier Bancorp Inc. 43 1.86 91.75M 2.36 17.76
Hanmi Financial Corporation 19 1.76 30.26M 1.81 11.88

Table 1 highlights Glacier Bancorp Inc. and Hanmi Financial Corporation’s top-line revenue, earnings per share (EPS) and valuation. Hanmi Financial Corporation appears to has lower revenue and earnings than Glacier Bancorp Inc. The company that is presently more expensive of the two stocks is the one that has a higher price-to-earnings ratio. Glacier Bancorp Inc.’s current price-to-earnings ratio is higher than that of Hanmi Financial Corporation, which means that it is the expensive of the two.

Profitability

Table 2 has Glacier Bancorp Inc. and Hanmi Financial Corporation’s return on equity, net margins and return on assets.

Net Margins Return on Equity Return on Assets
Glacier Bancorp Inc. 212,926,433.05% 12.1% 1.5%
Hanmi Financial Corporation 157,194,805.19% 10.2% 1%

Volatility & Risk

Glacier Bancorp Inc. is 15.00% more volatile than Standard & Poor’s 500 because the stock has a beta of 1.15. Hanmi Financial Corporation has a 1.08 beta and it is 8.00% more volatile than Standard & Poor’s 500.

Analyst Ratings

In next table is given Glacier Bancorp Inc. and Hanmi Financial Corporation’s ratings and recommendations.

Sell Ratings Hold Ratings Buy Ratings Rating Score
Glacier Bancorp Inc. 0 1 1 2.50
Hanmi Financial Corporation 0 1 0 2.00

Glacier Bancorp Inc.’s downside potential currently stands at -6.40% and an $40.5 consensus target price. Competitively the consensus target price of Hanmi Financial Corporation is $21.5, which is potential 9.64% upside. Based on the analysts opinion we can conclude, Hanmi Financial Corporation is looking more favorable than Glacier Bancorp Inc.

Insider and Institutional Ownership

The shares of both Glacier Bancorp Inc. and Hanmi Financial Corporation are owned by institutional investors at 78% and 92% respectively. Glacier Bancorp Inc.’s share owned by insiders are 0.5%. On the other hand, insiders owned about 1.4% of Hanmi Financial Corporation’s shares.

Performance

In this table we show the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Glacier Bancorp Inc. 4.23% 2.9% 0.46% -0.4% -2.09% 6.55%
Hanmi Financial Corporation -1.42% -3.15% -8.55% -4.23% -14.55% 9.09%

For the past year Glacier Bancorp Inc. was less bullish than Hanmi Financial Corporation.

Summary

On 13 of the 14 factors Glacier Bancorp Inc. beats Hanmi Financial Corporation.

Glacier Bancorp, Inc. operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers deposit products, including non-interest bearing demand accounts, interest bearing negotiable order of withdrawal and demand accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; second mortgage loans; home equity loans consisting of 1-4 family junior lien mortgages, and first and junior lien lines of credit secured by residential real estate; and agriculture loans. Further, the company provides mortgage origination services. It operates in 142 locations, including 133 branches in Montana, Idaho, Wyoming, Colorado, Utah, and Washington. The company was incorporated in 2004 and is headquartered in Kalispell, Montana.

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that 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, such as commercial property, construction, and residential property loans; and commercial and industrial loans, which include commercial term loans and commercial lines of credit, as well as various international finance and trade services and products, including letters of credit, and import and export financing. In addition, it offers consumer loans comprising automobile loans, secured and unsecured personal loans, home improvement loans, home equity lines of credit, unsecured lines of credit, and credit cards; and small business administration loans for business purposes, such as owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing. As of January 24, 2017, the company operated 41 full-service branches and 6 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. Hanmi Financial Corporation was founded in 1981 and is headquartered in Los Angeles, California.

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