HMN Financial (NASDAQ:HMNF) Shares Cross Below Two Hundred Day Moving Average of $20.81

HMN Financial, Inc. (NASDAQ:HMNF – Get Rating) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.81 and traded as low as $18.20. HMN Financial shares last traded at $18.20, with a volume of 320 shares changing hands.

HMN Financial Stock Performance

The stock has a 50-day simple moving average of $18.71 and a 200-day simple moving average of $20.81. The company has a market capitalization of $81.66 million, a price-to-earnings ratio of 9.73 and a beta of 0.12. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02.

HMN Financial (NASDAQ:HMNF – Get Rating) last posted its quarterly earnings results on Thursday, April 20th. The bank reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $9.99 million for the quarter. HMN Financial had a return on equity of 8.55% and a net margin of 18.19%.

HMN Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 7th. Investors of record on Wednesday, May 17th will be given a dividend of $0.08 per share. This is a positive change from HMN Financial’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, May 16th. HMN Financial’s dividend payout ratio is currently 17.11%.

Institutional Investors Weigh In On HMN Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG raised its position in shares of HMN Financial by 88.8% during the 2nd quarter. UBS Group AG now owns 1,067 shares of the bank’s stock valued at $25,000 after acquiring an additional 502 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of HMN Financial during the 1st quarter valued at approximately $236,000. State Street Corp increased its position in HMN Financial by 15.0% in the first quarter. State Street Corp now owns 15,494 shares of the bank’s stock worth $384,000 after buying an additional 2,018 shares during the period. Choreo LLC increased its position in HMN Financial by 22.0% in the fourth quarter. Choreo LLC now owns 86,957 shares of the bank’s stock worth $1,852,000 after buying an additional 15,680 shares during the period. Finally, Alliancebernstein L.P. increased its position in HMN Financial by 41.5% in the third quarter. Alliancebernstein L.P. now owns 242,480 shares of the bank’s stock worth $5,432,000 after buying an additional 71,082 shares during the period. 54.74% of the stock is owned by institutional investors and hedge funds.

HMN Financial Company Profile

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HMN Financial, Inc is a stock savings bank holding company which operates retail banking and loan production facilities in Minnesota, Iowa, and Wisconsin. The firm’s business involves attracting deposits from the general public and businesses and using such deposits to originate or purchase single family residential, commercial real estate and multi-family mortgage loans as well as consumer, construction and commercial business loans.