HMN Financial, Inc. (NASDAQ:HMNF) Short Interest Down 48.3% in July

HMN Financial, Inc. (NASDAQ:HMNF) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 3,100 shares, a decline of 48.3% from the June 30th total of 6,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 11,900 shares, the short-interest ratio is presently 0.3 days.

HMN Financial Stock Down 0.2 %

NASDAQ:HMNF traded down $0.05 during midday trading on Friday, hitting $26.40. The company had a trading volume of 1,159 shares, compared to its average volume of 7,328. HMN Financial has a 52-week low of $17.60 and a 52-week high of $26.72. The stock’s fifty day moving average price is $22.90 and its 200-day moving average price is $21.47. The company has a market capitalization of $118.01 million, a PE ratio of 20.47 and a beta of 0.21.

HMN Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Friday, August 16th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, August 16th. This represents a $0.40 annualized dividend and a yield of 1.52%. HMN Financial’s payout ratio is 31.01%.

Institutional Trading of HMN Financial

Institutional investors have recently added to or reduced their stakes in the business. Grace & White Inc. NY boosted its holdings in shares of HMN Financial by 0.3% during the fourth quarter. Grace & White Inc. NY now owns 204,992 shares of the bank’s stock worth $4,715,000 after purchasing an additional 700 shares during the period. Gendell Jeffrey L boosted its holdings in shares of HMN Financial by 5.0% during the fourth quarter. Gendell Jeffrey L now owns 323,577 shares of the bank’s stock worth $7,442,000 after purchasing an additional 15,300 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of HMN Financial by 8.0% during the first quarter. Empowered Funds LLC now owns 28,404 shares of the bank’s stock worth $599,000 after purchasing an additional 2,100 shares during the period. 78.25% of the stock is currently owned by hedge funds and other 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.