Hanmi Financial Corp (HAFC) Stock Split History

Hanmi Financial Corp has split its stock 10 times since its initial public offering (IPO). The first stock split occurred on March 28, 1996 with the ratio of 13-for-12, meaning that for 12 shares of HAFC owned pre-split, shareholders then owned 13 shares. 9 more splits have been implemented since then. The most recent stock split took place on December 19, 2011 on a 1-for-8 basis.

These splits have increased HAFC stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Hanmi Financial Corp's total market capitalization.

For more detailed information of Hanmi Financial Corp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Hanmi Financial Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when HAFC stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Hanmi Financial Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.