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, and certificate accounts. Its loan products include single family residential loans; commercial real estate and multi-family mortgage loans; construction loans; consumer loans, such as home equity, automobile, recreational vehicle, mobile home, and lot loans, as well as loans secured by deposit accounts, and other loans for household and personal purposes; and commercial business loans. The company offers financial planning products and services; and invests in mortgage-backed and related securities, the United States government agency obligations, and other permissible investments. It operates through 14 full service branches located in Minnesota, Wisconsin, and Iowa; and two loan origination offices in Sartell, Minnesota and La Crosse, Wisconsin. HMN Financial, Inc. was founded in 1934 and is headquartered in Rochester, Minnesota.
HMN Financial Stock Up 0.2 %
HMNF traded up $0.04 on Monday, hitting $22.76. The company's stock had a trading volume of 7,500 shares, compared to its average volume of 3,499. HMN Financial has a 12 month low of $21.87 and a 12 month high of $25.98. The firm has a market cap of $102.67 million, a P/E ratio of 10.74 and a beta of 0.15. The company's 50 day simple moving average is $22.81 and its 200-day simple moving average is $23.90.
HMN Financial (NASDAQ:HMNF - Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The bank reported $0.52 earnings per share for the quarter. The firm had revenue of $10.28 million for the quarter. HMN Financial had a net margin of 22.07% and a return on equity of 9.02%.
HMN Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Tuesday, August 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, August 15th. HMN Financial's dividend payout ratio (DPR) is currently 11.32%.