HMN Financial (NASDAQ:HMNF) Shares Cross Above 200 Day Moving Average – What’s Next?

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 changing hands.

HMN Financial Stock Down 2.1 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s fifty day simple moving average is $26.89 and its 200-day simple moving average is $23.92. The stock has a market cap of $125.12 million, a P/E ratio of 23.52 and a beta of 0.21.

HMN Financial (NASDAQ:HMNF) last released its quarterly earnings data 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 during the quarter.

Institutional Investors Weigh In On HMN Financial

An institutional investor recently raised its position in HMN Financial stock. Empowered Funds LLC raised 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 13F filing with the Securities and Exchange Commission. The firm owned 28,404 shares of the bank’s stock after buying an additional 2,100 shares during the period. Empowered Funds LLC owned approximately 0.64% of HMN Financial worth $599,000 as of its most recent SEC filing. 78.25% of the stock is currently owned by institutional investors and hedge funds.

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.