Short Interest in HMN Financial, Inc. (NASDAQ:HMNF) Expands By 15.8%

HMN Financial, Inc. (NASDAQ:HMNF) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 2,200 shares, an increase of 15.8% from the July 31st total of 1,900 shares. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

HMN Financial Stock Performance

Shares of HMNF stock traded down $0.04 during mid-day trading on Monday, reaching $26.86. The stock had a trading volume of 3,500 shares, compared to its average volume of 7,146. The firm’s 50 day simple moving average is $24.73 and its 200 day simple moving average is $22.08. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a market cap of $119.93 million, a PE ratio of 20.82 and a beta of 0.21. HMN Financial has a one year low of $17.60 and a one year high of $27.00.

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 firm had revenue of $9.70 million for the quarter. HMN Financial had a net margin of 9.33% and a return on equity of 5.23%.

HMN Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Friday, August 16th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, August 16th. HMN Financial’s dividend payout ratio (DPR) is presently 31.01%.

Institutional Inflows and Outflows

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