HMN Financial (NASDAQ:HMNF) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of HMN Financial, Inc. (NASDAQ:HMNF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.48 and traded as high as $29.40. HMN Financial shares last traded at $27.99, with a volume of 156,600 shares traded.

HMN Financial Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $125.12 million, a price-to-earnings ratio of 23.52 and a beta of 0.21. The company’s 50 day simple moving average is $27.24 and its two-hundred day simple moving average is $24.48.

Institutional Trading of HMN Financial

An institutional investor recently raised its position in HMN Financial stock. Empowered Funds LLC raised its position in shares of HMN Financial, Inc. (NASDAQ:HMNF) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,404 shares of the bank’s stock after purchasing an additional 2,100 shares during the period. Empowered Funds LLC owned 0.64% of HMN Financial worth $599,000 as of its most recent SEC filing. Institutional investors and hedge funds own 78.25% of the company’s stock.

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.