HMN Financial, Inc. (NASDAQ:HMNF) Short Interest Up 39.5% in September

HMN Financial, Inc. (NASDAQ:HMNF) was the target of a significant growth in short interest in 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. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 1.0 days.

HMN Financial Stock Performance

Shares of NASDAQ HMNF traded up $1.37 during trading on Friday, reaching $28.11. The stock had a trading volume of 16,003 shares, compared to its average volume of 6,958. The firm’s 50 day moving average price is $25.88 and its two-hundred day moving average price is $22.92. HMN Financial has a one year low of $17.60 and a one year high of $28.11. The stock has a market cap of $125.51 million, a PE ratio of 21.79 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.

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

HMN Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 16th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, August 16th. HMN Financial’s dividend payout ratio (DPR) is 31.01%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in HMN Financial stock. Gendell Jeffrey L lifted its position in shares of HMN Financial, Inc. (NASDAQ:HMNF) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 323,577 shares of the bank’s stock after acquiring an additional 15,300 shares during the period. Gendell Jeffrey L owned 7.21% of HMN Financial worth $7,442,000 as of its most recent filing with the SEC. 78.25% of the stock is owned by 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.