HMN Financial, Inc. (NASDAQ:HMNF) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 4,300 shares, a drop of 61.6% from the August 30th total of 11,200 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is currently 1.4 days. Approximately 0.1% of the company’s shares are short sold.
Shares of NASDAQ:HMNF traded down $0.34 during mid-day trading on Friday, reaching $21.51. 5,867 shares of the company were exchanged, compared to its average volume of 5,466. The firm has a market cap of $106.71 million, a price-to-earnings ratio of 10.64 and a beta of 0.19. The firm’s 50-day simple moving average is $21.60 and its 200 day simple moving average is $21.49. HMN Financial has a 1 year low of $18.45 and a 1 year high of $23.34.
HMN Financial (NASDAQ:HMNF) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.62 earnings per share for the quarter. HMN Financial had a net margin of 24.23% and a return on equity of 11.32%. The firm had revenue of $9.49 million during the quarter.
Separately, ValuEngine cut shares of HMN Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.
Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC boosted its position in HMN Financial by 24.1% in the 2nd quarter. Acadian Asset Management LLC now owns 4,298 shares of the bank’s stock valued at $90,000 after buying an additional 835 shares during the period. Renaissance Technologies LLC boosted its position in HMN Financial by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 103,700 shares of the bank’s stock valued at $2,178,000 after buying an additional 2,900 shares during the period. Castine Capital Management LLC boosted its position in HMN Financial by 9.2% in the 1st quarter. Castine Capital Management LLC now owns 207,140 shares of the bank’s stock valued at $4,460,000 after buying an additional 17,383 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in HMN Financial by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 339,922 shares of the bank’s stock valued at $6,669,000 after buying an additional 3,337 shares during the period. 41.73% 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 retail banking products and services. The company offers various deposit accounts, such as savings, negotiable order of withdrawal, non-interest bearing checking, money market, and certificate accounts, including individual retirement accounts.
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