HMN Financial (NASDAQ:HMNF) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

HMN Financial, Inc. (NASDAQ:HMNF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.84 and traded as high as $29.40. HMN Financial shares last traded at $27.99, with a volume of 156,600 shares.

HMN Financial Stock Performance

The stock has a market cap of $125.12 million, a price-to-earnings ratio of 23.52 and a beta of 0.21. The company’s 50-day simple moving average is $26.80 and its 200-day simple moving average is $23.84. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10.

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

Hedge Funds Weigh In On HMN Financial

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