Is Hanmi Financial Corp. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Hanmi Financial Corp. has moved from expensive to fair. Based on the current metrics, the company appears fairly valued. Key ratios include a P/E ratio of 12, a Price to Book Value of 1.04, and an EV to EBITDA of 7.38. In comparison to peers, CrossFirst Bankshares, Inc. has a more attractive P/E of 10.04, while Mercantile Bank Corp. shows a fair P/E of 9.69.
In terms of recent performance, Hanmi Financial Corp. has outperformed the S&P 500 over the past year, returning 32.81% compared to the index's 17.14%. This strong performance, coupled with its fair valuation, suggests that the stock is positioned well within its industry.