HMN Financial, Inc. (NASDAQ:HMNF) Announces Dividend Increase – $0.10 Per Share

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

HMN Financial Trading Down 0.5 %

NASDAQ:HMNF opened at $19.40 on Friday. The stock’s 50 day moving average price is $20.20 and its 200 day moving average price is $20.40. HMN Financial has a 52 week low of $17.31 and a 52 week high of $24.95. The company has a market capitalization of $86.52 million, a P/E ratio of 15.04 and a beta of 0.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.88.

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

Wall Street Analyst Weigh In

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

HMN Financial Company Profile

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.