HMN Financial (NASDAQ:HMNF) Stock Passes Below Two Hundred Day Moving Average of $21.16

HMN Financial, Inc. (NASDAQ:HMNF)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.16 and traded as low as $21.10. HMN Financial shares last traded at $21.41, with a volume of 5,312 shares.

Analyst Ratings Changes

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

HMN Financial Price Performance

The company’s 50 day moving average price is $20.86 and its 200 day moving average price is $21.16. The firm has a market capitalization of $95.70 million, a P/E ratio of 16.60 and a beta of 0.19.

HMN Financial (NASDAQ:HMNF) last released its quarterly earnings results on Thursday, April 18th. The bank reported $0.30 EPS for the quarter. HMN Financial had a net margin of 10.57% and a return on equity of 5.41%. The business had revenue of $9.16 million for the quarter.

HMN Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is a boost from HMN Financial’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. HMN Financial’s dividend payout ratio (DPR) is presently 31.01%.

Hedge Funds Weigh In On HMN Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of HMN Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 28,404 shares of the bank’s stock worth $599,000 after purchasing an additional 2,100 shares in the last quarter. Grace & White Inc. NY boosted its position 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 purchasing an additional 700 shares in the last quarter. Finally, Gendell Jeffrey L raised its holdings in shares of HMN Financial by 5.0% during the fourth quarter. Gendell Jeffrey L now owns 323,577 shares of the bank’s stock worth $7,442,000 after acquiring an additional 15,300 shares during the period. 78.25% of the stock is owned by institutional investors.

HMN Financial Company Profile

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.