HMN Financial, Inc. (NASDAQ:HMNF) to Issue Quarterly Dividend of $0.10

HMN Financial, Inc. (NASDAQ:HMNF) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.10 per share by the bank on Friday, June 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from HMN Financial’s previous quarterly dividend of $0.08.

HMN Financial Trading Down 0.5 %

Shares of HMNF stock traded down $0.10 during trading hours on Friday, hitting $19.40. 1,274 shares of the company were exchanged, compared to its average volume of 2,666. The firm has a market cap of $86.52 million, a PE ratio of 15.04 and a beta of 0.15. HMN Financial has a 1 year low of $17.31 and a 1 year high of $24.95. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of $20.20 and a 200 day moving average of $20.40.

HMN Financial (NASDAQ:HMNF) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.33 earnings per share for the quarter. HMN Financial had a net margin of 10.57% and a return on equity of 5.48%. The business had revenue of $9.36 million for the quarter.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of HMN Financial from a “b-” rating to a “c+” rating in a report on Friday, March 8th.

About HMN Financial

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, individual retirement, and certificate accounts.