Short Interest in HMN Financial, Inc. (NASDAQ:HMNF) Expands By 39.5%

HMN Financial, Inc. (NASDAQ:HMNF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 6,000 shares, an increase of 39.5% from the August 31st total of 4,300 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On HMN Financial

A hedge fund recently raised its stake in HMN Financial stock. Empowered Funds LLC increased its holdings in HMN Financial, Inc. (NASDAQ:HMNF) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,404 shares of the bank’s stock after acquiring 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 filing with the SEC. 78.25% of the stock is owned by institutional investors and hedge funds.

HMN Financial Stock Up 5.1 %

Shares of HMNF traded up $1.37 during midday trading on Friday, reaching $28.11. 16,003 shares of the company were exchanged, compared to its average volume of 6,958. HMN Financial has a 1-year low of $17.60 and a 1-year high of $28.11. The stock has a 50-day moving average price of $25.88 and a 200-day moving average price of $22.92. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a market cap of $125.51 million, a price-to-earnings ratio of 21.79 and a beta of 0.21.

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

HMN Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 16th were paid a dividend of $0.10 per share. 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 dividend payout ratio (DPR) is 31.01%.

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.