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HMN Financial
HMNF

$19.75
0.46%
 

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

0
Funds holding %
of 6,474 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

20% more capital invested

Capital invested by funds: $51.2M [Q3] → $61.6M (+$10.4M) [Q4]

0.05% more ownership

Funds ownership: 59.56% [Q3] → 59.61% (+0.05%) [Q4]

0% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 9

8% less funds holding

Funds holding: 26 [Q3] → 24 (-2) [Q4]

67% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 3

Research analyst outlook

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

Financial journalist opinion

Neutral
GlobeNewsWire
2 months ago
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