HMN Financial (NASDAQ:HMNF) Stock Price Passes Above 200 Day Moving Average of $20.88

HMN Financial, Inc. (NASDAQ:HMNFGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.88 and traded as high as $22.45. HMN Financial shares last traded at $22.29, with a volume of 3,623 shares traded.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded HMN Financial from a “b-” rating to a “c+” rating in a report on Friday, March 8th.

View Our Latest Analysis on HMNF

HMN Financial Stock Up 0.5 %

The company has a market capitalization of $99.64 million, a P/E ratio of 17.28 and a beta of 0.19. The firm has a fifty day simple moving average of $20.64 and a 200-day simple moving average of $20.88.

HMN Financial (NASDAQ:HMNFGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $9.16 million during the quarter. HMN Financial had a return on equity of 5.41% and a net margin of 10.57%.

HMN Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 16th. This is an increase from HMN Financial’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.79%. HMN Financial’s dividend payout ratio (DPR) is presently 31.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Grace & White Inc. NY grew its holdings in shares of HMN Financial by 0.3% during the fourth quarter. Grace & White Inc. NY now owns 204,992 shares of the bank’s stock worth $4,715,000 after buying an additional 700 shares in the last quarter. Empowered Funds LLC boosted its position in HMN Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 28,404 shares of the bank’s stock valued at $599,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Gendell Jeffrey L boosted its position in HMN Financial by 5.0% during the fourth quarter. Gendell Jeffrey L now owns 323,577 shares of the bank’s stock valued at $7,442,000 after purchasing an additional 15,300 shares during the last quarter. 78.25% of the stock is currently owned by institutional investors.

About HMN Financial

(Get Free Report)

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, individual retirement, and certificate accounts.

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