HMN Financial (NASDAQ:HMNF) Stock Price Crosses Above Two Hundred Day Moving Average of $22.02

HMN Financial, Inc. (NASDAQ:HMNF) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.02 and traded as high as $26.90. HMN Financial shares last traded at $26.90, with a volume of 460 shares traded.

HMN Financial Stock Performance

The company has a 50 day moving average of $24.73 and a 200 day moving average of $22.06. The stock has a market capitalization of $119.93 million, a price-to-earnings ratio of 20.82 and a beta of 0.21.

HMN Financial (NASDAQ:HMNF) last released its earnings results on Monday, July 22nd. The bank reported $0.30 earnings per share (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 5.28%.

HMN Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Friday, August 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. HMN Financial’s payout ratio is 31.01%.

Institutional Inflows and Outflows

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

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.