Dimensional Fund Advisors LP Lowers Holdings in HMN Financial, Inc. (NASDAQ:HMNF)

Dimensional Fund Advisors LP lowered its position in shares of HMN Financial, Inc. (NASDAQ:HMNF) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,155 shares of the bank’s stock after selling 629 shares during the quarter. Dimensional Fund Advisors LP owned 6.03% of HMN Financial worth $6,161,000 as of its most recent filing with the SEC.

Separately, Empowered Funds LLC raised its holdings in 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. Institutional investors and hedge funds own 78.25% of the company’s stock.

HMN Financial Stock Performance

NASDAQ HMNF opened at $28.60 on Wednesday. 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 business’s 50 day moving average is $26.04 and its two-hundred day moving average is $23.25. The stock has a market capitalization of $127.70 million, a price-to-earnings ratio of 22.21 and a beta of 0.21. HMN Financial, Inc. has a 12-month low of $17.60 and a 12-month high of $29.18.

HMN Financial (NASDAQ:HMNF) last announced its quarterly 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 5.23%.

HMN Financial Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Friday, August 16th. HMN Financial’s dividend payout ratio is currently 31.01%.

HMN Financial 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.