Choreo LLC Decreases Position in HMN Financial, Inc. (NASDAQ:HMNF)

Choreo LLC decreased its holdings in shares of HMN Financial, Inc. (NASDAQ:HMNF) by 1.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 129,840 shares of the bank’s stock after selling 1,935 shares during the period. Choreo LLC’s holdings in HMN Financial were worth $2,986,000 at the end of the most recent quarter.

Separately, Grace & White Inc. NY grew its stake in HMN Financial by 5.4% in the third quarter. Grace & White Inc. NY now owns 204,292 shares of the bank’s stock worth $3,908,000 after purchasing an additional 10,537 shares in the last quarter. 78.25% of the stock is currently owned by institutional investors.

HMN Financial Stock Performance

Shares of HMNF opened at $19.61 on Tuesday. HMN Financial, Inc. has a 12 month low of $17.31 and a 12 month high of $24.95. The stock has a fifty day moving average price of $20.17 and a 200-day moving average price of $20.43. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The firm has a market cap of $87.46 million, a PE ratio of 15.20 and a beta of 0.15.

HMN Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from HMN Financial’s previous quarterly dividend of $0.08. HMN Financial’s dividend payout ratio (DPR) is presently 24.81%.

Wall Street Analyst Weigh In

Separately, TheStreet cut HMN Financial from a “b-” rating to a “c+” rating in a research note on Friday, March 8th.

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.