HMN Financial, Inc. (HMNF) To Go Ex-Dividend on May 16th

HMN Financial, Inc. (NASDAQ:HMNFGet Rating) announced a quarterly dividend on Wednesday, April 27th, Zacks reports. Investors of record on Tuesday, May 17th will be paid a dividend of 0.06 per share by the bank on Tuesday, June 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, May 16th.

HMN Financial stock opened at $23.80 on Friday. The firm has a 50 day simple moving average of $24.54 and a 200 day simple moving average of $24.55. HMN Financial has a 1-year low of $20.27 and a 1-year high of $25.98. The firm has a market capitalization of $108.03 million, a price-to-earnings ratio of 9.15 and a beta of 0.16.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers bought a new position in HMN Financial in the 1st quarter worth about $236,000. Geode Capital Management LLC purchased a new stake in shares of HMN Financial in the third quarter worth about $362,000. BlackRock Inc. boosted its position in shares of HMN Financial by 1.3% in the fourth quarter. BlackRock Inc. now owns 38,686 shares of the bank’s stock valued at $954,000 after acquiring an additional 509 shares during the period. Finally, Alliancebernstein L.P. grew its stake in HMN Financial by 129.6% during the fourth quarter. Alliancebernstein L.P. now owns 120,047 shares of the bank’s stock valued at $2,962,000 after acquiring an additional 67,765 shares in the last quarter. 53.05% of the stock is currently owned by institutional investors and hedge funds.

About HMN Financial (Get Rating)

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.

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