Short Interest in HMN Financial, Inc. (NASDAQ:HMNF) Drops By 10.0%

HMN Financial, Inc. (NASDAQ:HMNF) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 5,400 shares, a decline of 10.0% from the September 15th total of 6,000 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of HMN Financial

An institutional investor recently raised its position in HMN Financial stock. Empowered Funds LLC grew its stake in HMN Financial, Inc. (NASDAQ:HMNF) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,404 shares of the bank’s stock after purchasing an additional 2,100 shares during the quarter. Empowered Funds LLC owned approximately 0.64% of HMN Financial worth $599,000 as of its most recent SEC filing. Institutional investors and hedge funds own 78.25% of the company’s stock.

HMN Financial Stock Performance

Shares of HMNF traded down $0.61 during trading hours on Wednesday, hitting $27.99. The stock had a trading volume of 156,600 shares, compared to its average volume of 8,040. The firm has a market capitalization of $125.12 million, a price-to-earnings ratio of 23.52 and a beta of 0.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a 50-day moving average price of $26.39 and a 200 day moving average price of $23.55. HMN Financial has a fifty-two week low of $17.60 and a fifty-two week high of $29.40.

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

HMN Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 16th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.43%. HMN Financial’s dividend payout ratio is currently 33.61%.

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.