HMN Financial, Inc. (NASDAQ:HMNF) Short Interest Down 27.8% in February

HMN Financial, Inc. (NASDAQ: HMNF – Get Rating) benefited from a significant drop in short-term interest in February. As of Feb. 15, there was short interest totaling 1,300 shares, down 27.8% from the Jan. 31 total of 1,800 shares. Based on an average daily trading volume of 2,500 shares, the day-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

A number of large investors have recently bought and sold shares of the company. West Bancorporation Inc. bought a new stake in shares of HMN Financial in the 4th quarter at a value of $49,000. State Street Corp bought a new stake in shares of HMN Financial in Q2 worth $256,000. Geode Capital Management LLC acquired a new position in HMN Financial during Q3 worth $362,000. River Oaks Capital LLC acquired a new position in HMN Financial during Q4 worth $819,000. Finally, BlackRock Inc. increased its stake in HMN Financial by 1.3% during the 4th quarter. BlackRock Inc. now owns 38,686 shares of the bank worth $954,000 after buying 509 more shares in the last quarter. Institutional investors hold 53.05% of the company’s shares.

HMN Financial stock traded down $0.06 during Friday’s session, hitting $25.02. 573 shares of the company were traded, against an average volume of 2,806. HMN Financial has a 52-week low of $19.45 and a 52-week high of $25.98. The company has a market capitalization of $114.82 million, a P/E ratio of 8.34 and a beta of 0.15. The stock’s 50-day simple moving average is $24.95 and its two-hundred-day simple moving average is $24.13.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 9. Shareholders of record on Wednesday, February 16 will receive a dividend of $0.06. The ex-dividend date is Tuesday, February 15. This represents a dividend of $0.24 on an annualized basis and a yield of 0.96%. HMN Financial’s dividend payout ratio is currently 8.00%.

HMN Financial Company Profile (Get an assessment)

HMN Financial, Inc. is a thrift bank holding company, which provides retail banking services and loan origination facilities in Minnesota, Iowa and Wisconsin. The Company’s activities include generating deposits from consumers and businesses, and using those deposits to create or purchase single-family residential properties, commercial real estate, multi-family mortgages, consumer loans , construction and commercial enterprises, as well as investments in mortgage-backed and similar securities, United States government agency bonds and other permitted investments.

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