HMN Financial, Inc. (NASDAQ:HMNF) Short Interest Update

HMN Financial, Inc. (NASDAQ:HMNF) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 6,000 shares, a growth of 39.5% from the August 31st total of 4,300 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the stock are short sold.

HMN Financial Price Performance

HMN Financial stock traded up $1.37 during midday trading on Friday, hitting $28.11. The company’s stock had a trading volume of 16,003 shares, compared to its average volume of 6,958. HMN Financial has a 12 month low of $17.60 and a 12 month high of $28.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $125.51 million, a PE ratio of 21.79 and a beta of 0.21. The stock’s 50-day moving average price is $25.88 and its 200-day moving average price is $22.92.

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

HMN Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 16th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Friday, August 16th. HMN Financial’s payout ratio is currently 31.01%.

Hedge Funds Weigh In On HMN Financial

A hedge fund recently raised its stake in HMN Financial stock. Gendell Jeffrey L raised its stake in HMN Financial, Inc. (NASDAQ:HMNF) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,577 shares of the bank’s stock after purchasing an additional 15,300 shares during the period. Gendell Jeffrey L owned approximately 7.21% of HMN Financial worth $7,442,000 as of its most recent SEC filing. 78.25% of the stock is owned by institutional investors and hedge funds.

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.