HMN Financial
HMNF

$26.40

0.19%

Market Cap: 118M

About: HMN Financial Inc is a stock savings bank holding company of Home Federal Savings Bank. The bank is engaged in community banking and operates retail banking and loan production facilities in Minnesota, Iowa, and Wisconsin. It is involved in the business of attracting deposits from the general public and businesses and using such deposits to originate single-family residential, commercial real estate, and multi-family mortgage loans as well as consumer, construction, and commercial business loans. The bank also invests in mortgage-backed and related securities, U.S. government agency obligations, and other permissible investments. Its products and services include checking and savings accounts, cash deposits, online services, and credit cards among others.

Employees: 161

Financials Savings Institution, Federally Chartered

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1.42% more ownership

Funds ownership: 59.61% [Q4 2023] → 61.03% (+1.42%) [Q1 2024]

7% less capital invested

Capital invested by funds: $61.6M [Q4 2023] → $57.4M (-$4.13M) [Q1 2024]

8% less funds holding

Funds holding: 24 [Q4 2023] → 22 (-2) [Q1 2024]

44% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 9

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 2

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Research analyst outlook

We haven’t received any recent analyst ratings for HMNF.

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Financial journalist opinion

HMN Financial, Inc. Announces Dividend

ROCHESTER, Minn., July 24, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock, payable on September 9, 2024 to stockholders of record at the close of business on August 16, 2024. The declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors.

HMN Financial, Inc. Announces Dividend

HMN Financial, Inc. Announces Second Quarter Results

Second Quarter Summary Net income of $1.0 million, down $0.4 million, from $1.4 million for second quarter of 2023 Diluted earnings per share of $0.22, down $0.10, from $0.32 for second quarter of 2023 Net interest income of $7.5 million, down $0.2 million, from $7.7 million for second quarter of 2023 Gain on sales of loans of $0.6 million, up $0.3 million, from $0.3 million for second quarter of 2023 Net interest margin of 2.70%, down 20 basis points, from 2.90% for second quarter of 2023 Goodwill impairment of $0.8 million was recorded in the second quarter of 2024 As previously announced, on May 14, 2024, we entered into a definitive Agreement and Plan of Merger to which Alerus Financial Corporation (Nasdaq:ALRS) will acquire HMN Financial, Inc. in an all-stock merger. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions, including receipt of required regulatory and stockholder approvals.

HMN Financial, Inc. Announces Second Quarter Results

Shareholder Alert: Ademi LLP investigates whether HMN Financial, Inc. has obtained a Fair Price in its Transaction with Alerus

MILWAUKEE , May 15, 2024 /PRNewswire/ -- Ademi LLP is investigating HMN Financial (Nasdaq: HMNF) for possible breaches of fiduciary duty and other violations of law in its transaction with Alerus. Click here to learn how to join the https://www.ademilaw.com/case/hmn-financial-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether HMN Financial, Inc. has obtained a Fair Price in its Transaction with Alerus

HMNF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of HMN Financial, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of HMN Financial, Inc. (NASDAQ: HMNF) to Alerus Financial Corporation for 1.25 shares of Alerus common stock for each share of HMN common stock is fair to HMN shareholders. Halper Sadeh encourages HMN shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

HMNF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of HMN Financial, Inc. Is Fair to Shareholders

Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction

GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (Nasdaq: ALRS) and HMN Financial, Inc. (“HMNF”) (Nasdaq: HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank (“Home Federal”). Under the terms of the.

Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction

ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. JOINTLY ANNOUNCE STRATEGIC TRANSACTION

GRAND FORKS, N.D. & ROCHESTER, Minn., May 15, 2024 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (“Alerus”) (Nasdaq: ALRS) and HMN Financial, Inc. (“HMNF”) (Nasdaq: HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank (“Home Federal”). Under the terms of the Merger Agreement, HMNF will merge with and into Alerus (the “Merger”) and Home Federal will merge with and into Alerus' wholly-owned bank subsidiary, Alerus Financial, National Association, in a transaction valued at approximately $116.4 million.

ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. JOINTLY ANNOUNCE STRATEGIC TRANSACTION

HMN Financial, Inc. Announces Dividend

ROCHESTER, Minn., April 24, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock, payable on June 7, 2024 to stockholders of record at the close of business on May 17, 2024. The declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors.

HMN Financial, Inc. Announces Dividend

HMN FINANCIAL, INC. ANNOUNCES FIRST QUARTER RESULTS

First Quarter Summary Net income of $1.3 million, down $0.3 million, from $1.6 million for first quarter of 2023 Diluted earnings per share of $0.30, down $0.07, from $0.37 for first quarter of 2023 Net interest income of $7.3 million, down $0.8 million, from $8.1 million for first quarter of 2023 Net interest margin of 2.63%, down 46 basis points, from 3.09% for first quarter of 2023 Provision for credit losses of ($0.2) million, down $0.2 million, from first quarter of 2023 Net Income Summary Three Months Ended March 31, (Dollars in thousands, except per share amounts) 2024 2023 Net income $ 1,318 1,634 Diluted earnings per share 0.30 0.37 Return on average assets (annualized) 0.46 % 0.61 % Return on average equity (annualized) 4.36 % 5.64 % Book value per share $ 24.39 22.35 ROCHESTER, Minn., April 18, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF), the $1.2 billion holding company for Home Federal Savings Bank (the Bank), today reported net income of $1.3 million for the first quarter of 2024, a decrease of $0.3 million compared to net income of $1.6 million for the first quarter of 2023.

HMN FINANCIAL, INC. ANNOUNCES FIRST QUARTER RESULTS

HMN Financial, Inc. Announces Fourth Quarter Results and Declares Dividend

Fourth Quarter Summary Net income of $1.5 million, down $0.9 million from $2.4 million for fourth quarter of 2022 Diluted earnings per share of $0.33, down $0.23 from $0.56 for fourth quarter of 2022 Net interest income of $7.2 million, down $1.7 million from $8.9 million for fourth quarter of 2022 Net interest margin of 2.58%, down 77 basis points from 3.35% for fourth quarter of 2022 Gain on sales of loans of $0.4 million, up $0.1 million from $0.3 million for fourth quarter of 202 Annual Summary Net income of $6.0 million, down $2.0 million from $8.0 million for 2022 Diluted earnings per share of $1.37, down $0.46 from $1.83 for 2022 Net interest income of $30.8 million, down $1.5 million from $32.3 million for 2022 Net interest margin of 2.84%, down 30 basis points from 3.14% for 2022 Gain on sales of loans of $1.5 million, down $0.9 million from $2.4 million for 2022 Provision for credit losses of $0.7 million, down $0.4 million from $1.1 million for 2022 Net Income Summary Three Months Ended Year Ended December 31, December 31, (Dollars in thousands, except per share amounts) 2023 2022 2023 2022 Net income $ 1,452 2,438 $ 6,005 8,045 Diluted earnings per share 0.33 0.56 1.37 1.83 Return on average assets (annualized) 0.51 % 0.89 % 0.54 % 0.75 % Return on average equity (annualized) 4.76 % 8.32 % 5.03 % 7.03 % Book value per share $ 24.16 21.72 $ 24.16 21.72 ROCHESTER, Min., Jan. 25, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF), the $1.1 billion holding company for Home Federal Savings Bank (the Bank), today reported net income of $1.5 million for the fourth quarter of 2023, a decrease of $0.9 million compared to net income of $2.4 million for the fourth quarter of 2022.

HMN Financial, Inc. Announces Fourth Quarter Results and Declares Dividend

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