HMN Financial (HMNF) Lifted to B at TheStreet

TheStreet upgraded shares of HMN Financial (NASDAQ:HMNF) from a c+ rating to a b rating in a research note published on Wednesday morning.

Shares of HMN Financial (NASDAQ HMNF) opened at $18.75 on Wednesday. HMN Financial has a one year low of $16.60 and a one year high of $19.16. The stock has a market cap of $84.72, a price-to-earnings ratio of 15.96 and a beta of 0.98.

HMN Financial (NASDAQ:HMNF) last announced its earnings results on Thursday, October 19th. The bank reported $0.37 earnings per share (EPS) for the quarter. HMN Financial had a net margin of 16.06% and a return on equity of 7.30%. The company had revenue of $8.67 million for the quarter.

A number of large investors have recently made changes to their positions in the business. EJF Capital LLC raised its stake in HMN Financial by 93.9% during the 3rd quarter. EJF Capital LLC now owns 73,792 shares of the bank’s stock valued at $1,317,000 after purchasing an additional 35,734 shares during the period. ZPR Investment Management raised its stake in HMN Financial by 1.2% during the 2nd quarter. ZPR Investment Management now owns 17,999 shares of the bank’s stock valued at $323,000 after purchasing an additional 217 shares during the period. Finally, Context BH Capital Management LP acquired a new stake in HMN Financial during the 2nd quarter valued at $209,000. 39.92% of the stock is currently owned by institutional investors.

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HMN Financial Company Profile

HMN Financial, Inc (HMN) is a stock savings bank holding company that owns Home Federal Savings Bank (the Bank). The Bank operates retail banking and loan production facilities in Minnesota, Iowa and Wisconsin. The Bank has two subsidiaries, Osterud Insurance Agency, Inc, which offers financial planning products and services, and HFSB Property Holdings, LLC, which acts as an intermediary for the Bank in holding and operating certain foreclosed properties.

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