HMN Financial (NASDAQ:HMNF) Stock Passes Above 200-Day Moving Average of $22.82

HMN Financial, Inc. (NASDAQ:HMNF)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.82 and traded as high as $26.57. HMN Financial shares last traded at $26.57, with a volume of 3,135 shares changing hands.

HMN Financial Price Performance

The stock has a market capitalization of $118.77 million, a PE ratio of 20.60 and a beta of 0.21. The firm’s fifty day moving average price is $25.81 and its two-hundred day moving average price is $22.82. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10.

HMN Financial (NASDAQ:HMNF) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.30 EPS for the quarter. HMN Financial had a return on equity of 5.23% and a net margin of 9.33%. The company had revenue of $9.70 million during the quarter.

HMN Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 16th were paid a $0.10 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. HMN Financial’s dividend payout ratio (DPR) is 31.01%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in HMN Financial stock. Empowered Funds LLC raised its stake in shares of HMN Financial, Inc. (NASDAQ:HMNF) by 8.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,404 shares of the bank’s stock after buying an additional 2,100 shares during the quarter. Empowered Funds LLC owned about 0.64% of HMN Financial worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 78.25% of the stock is currently owned by hedge funds and other institutional investors.

About HMN Financial

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.