There was a noticeable increase in the number of short positions taken in HMN Financial, Inc. in September (NASDAQ: HMNF). There was total short interest of 6,400 shares as of September 30, representing an increase of 48.8% from the total number of 4,300 shares recorded the previous day. Based on the average daily trading volume in the market of 4,600 shares, the short-term interest rate ratio is 1.4 days and has been for the past few days. Currently, short sales represent 0.2% of the company’s total outstanding shares.
HMN Financial (NASDAQ: HMNF) announced the release of its latest quarterly earnings report on Thursday, July 21. The bank reported earnings of $0.52 per share for the prior quarter. The company earned a total of $10.28 million in revenue during the period in question. HMN Financial’s return on equity was 9.02%, while the company’s net margin was 22.07%.
Additionally, the company just announced and paid a quarterly dividend, which was done on September 7 of this month. Investors whose information was already on file received a dividend payment of $0.06 per share on Tuesday, August 16. August 15 saw the distribution of the dividend to the shareholders of the company. This translates into a dividend payment of $0.24 annually and a return of 1.05% on dividends already paid. Currently, 11.32% of HMN Financial’s profits are distributed to shareholders.
The price of NASDAQ: HMNF shares ended the trading day at $22.78, reflecting a decline of $0.02 from the previous trading session. Compared to the company’s typical daily volume of 3,846 shares typically traded, the company only traded 971 of its shares. HMN Financial hit an all-time low of $21.87 in the previous year, while the company hit an all-time high of $25.98 in the same period. The price/earnings ratio of the stock is 10.75 and its beta value is equal to 0.14. The current value of the company, measured by its market capitalization, is $102.76 million. The stock’s 50-day moving average price is $22.70 and its 200-day moving average is $23.18, respectively.
Several institutional investors have recently adjusted their portfolios to reflect new holdings of HMNF shares. HMN Financial, in which UBS Group AG held a stake during the second quarter, saw an 88.8% increase in the percentage of HMN Financial. The total number of shares held by UBS Group AG has increased to 1,067 and their current market value is $25,000. This increase was achieved by buying 502 shares of the bank. In the first three months, Cetera Investment Advisers spent approximately $236,000 to acquire a new position in HMN Financial. The percentage of HMN Financial shares that State Street Corporation had in its portfolio increased by 15.0% in the first three months of 2018. State Street Corp now owns 15,494 shares of the bank after buying 2,018 additional shares in the during the previous period. The current value of State Street Corp’s holdings in the bank’s stock is estimated at $384,000. And finally, in the first three months of this year, Choreo LLC increased its stake in HMN Financial by 55.4% by purchasing additional shares of the company. During this period, Choreo LLC made an additional purchase of 25,442 shares, bringing the bank’s total number of shares to 71,397, which had a value of $1,768,000 at the time of the transaction. A total of 54.28% of the company’s shares are held by various types of institutional investors.
HMN Financial, Inc. is the parent company of the bank. Home Federal Savings Bank is a retail bank that offers a wide range of industry-related products and services. The financial institution offers its customers several different account options, such as savings, checking (interest bearing or non-interest bearing), money market, and certificate accounts.