HMN Financial (NASDAQ:HMNF) Stock Price Crosses Below 200-Day Moving Average of $23.52

HMN Financial, Inc. (NASDAQ:HMNFGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.52 and traded as low as $22.47. HMN Financial shares last traded at $22.52, with a volume of 3,416 shares traded.

HMN Financial Price Performance

The firm has a fifty day moving average price of $22.68 and a 200 day moving average price of $23.52. The firm has a market capitalization of $101.59 million, a PE ratio of 10.62 and a beta of 0.14.

HMN Financial (NASDAQ:HMNFGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The bank reported $0.52 earnings per share for the quarter. HMN Financial had a return on equity of 9.02% and a net margin of 22.07%. The business had revenue of $10.28 million during the quarter.

HMN Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Tuesday, August 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, August 15th. HMN Financial’s dividend payout ratio is presently 11.32%.

Institutional Investors Weigh In On HMN Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMNF. UBS Group AG increased its stake in shares of HMN Financial by 88.8% during the second quarter. UBS Group AG now owns 1,067 shares of the bank’s stock worth $25,000 after buying an additional 502 shares during the period. Cetera Investment Advisers purchased a new stake in HMN Financial in the 1st quarter valued at about $236,000. State Street Corp lifted its position in HMN Financial by 15.0% during the 1st quarter. State Street Corp now owns 15,494 shares of the bank’s stock worth $384,000 after acquiring an additional 2,018 shares in the last quarter. Finally, Choreo LLC raised its position in shares of HMN Financial by 55.4% in the 1st quarter. Choreo LLC now owns 71,397 shares of the bank’s stock valued at $1,768,000 after purchasing an additional 25,442 shares in the last quarter. Hedge funds and other institutional investors own 54.28% of the company’s stock.

About HMN Financial

(Get Rating)

HMN Financial, Inc operates as a bank holding company for Home Federal Savings Bank that provides various retail banking products and services. The company offers various deposit accounts, such as savings, interest bearing checking, non-interest bearing checking, money market, and certificate accounts.

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