Hanmi Financial Outpaces Summit State Bank in Key Metrics

Analysts see more upside potential in Hanmi Financial's stock compared to Summit State Bank.

Mar. 30, 2026 at 10:38am

Got story updates? Submit your updates here. ›

A high-contrast, cinematic close-up of heavy, industrial banking machinery and equipment, such as vault doors and cash counters, representing the tangible financial security and infrastructure that supports regional banking institutions.An extreme close-up of the inner workings of a regional bank's security and cash management systems highlights the institutional strength and financial infrastructure that underpins the banking industry.Los Angeles Today

Hanmi Financial (NASDAQ:HAFC) and Summit State Bank (NASDAQ:SSBI) are both small-cap finance companies, but a comparison of their financial performance and analyst recommendations shows Hanmi Financial has the edge. Hanmi Financial has higher revenue, earnings, and a lower price-to-earnings ratio than Summit State Bank. Analysts also have a stronger consensus rating and higher price target for Hanmi Financial, indicating they believe it is the more favorable investment.

Why it matters

This analysis provides insight into the relative strengths and weaknesses of these two regional banking institutions, which can help investors make more informed decisions about where to allocate their capital within the finance sector.

The details

Hanmi Financial has a higher beta of 0.74 compared to Summit State Bank's 0.19, suggesting Hanmi Financial's stock price is more volatile. However, Hanmi Financial outperforms Summit State Bank on several key metrics, including higher revenue, earnings, and a lower price-to-earnings ratio. Hanmi Financial also has stronger institutional ownership at 88.7% versus 1.6% for Summit State Bank, indicating greater support from large investors. Analysts have a consensus 'Buy' rating on Hanmi Financial with an average price target of $31.33, implying 20.93% upside potential, compared to a 'Hold' rating and lower price target for Summit State Bank.

  • The analysis is based on data as of March 30, 2026.

The players

Hanmi Financial Corporation

A holding company that operates Hanmi Bank, providing business banking products and services in the United States.

Summit State Bank

A community bank that provides an array of financial services to small and medium-sized businesses, their owners and employees, entrepreneurs, high net worth families, foundations, estates, and individual consumers in California.

Got photos? Submit your photos here. ›

The takeaway

This analysis highlights the relative strengths of Hanmi Financial compared to Summit State Bank, with Hanmi Financial showing stronger financial performance, greater institutional support, and more favorable analyst sentiment. Investors looking to allocate capital in the regional banking sector may want to give Hanmi Financial a closer look.