Revenue Update on HMN Financial(NASDAQ:HMNF)

HMN Financial(NASDAQ:HMNF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 22, 2016. Earnings per share were $0.31.

HMN Financial (HMNF) made into the market gainers list on Thursdays trading session with the shares advancing 0.41% or 0.0577 points. Due to strong positive momentum, the stock ended at $14.0076, which is also near the day’s high of $14.35. The stock began the session at $13.95 and the volume stood at 8,209 shares. The 52-week high of the shares is $14.44 and the 52 week low is $10.81. The company has a current market capitalization of $63 M and it has 44,86,299 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 23, 2016, Wendy S Shannon (director) purchased 1,000 shares at $11.38 per share price.Also, On Jul 7, 2015, Bradley Krehbiel (CEO) purchased 500 shares at $11.75 per share price.

HMN Financial Inc. (HMN) is a stock savings bank holding company that owns 100% of Home Federal Savings Bank (the Bank). The Bank operates retail banking and loan production facilities in Minnesota and Iowa. The Bank has two wholly owned subsidiaries Osterud Insurance Agency Inc. (OIA) which offers financial planning products and services and HFSB Property Holdings LLC (HPH) which acts as an intermediary for the Bank in holding and operating certain foreclosed properties. HMN’s business involves attracting deposits from the general public and businesses and using such deposits to originate or purchase one-to-four family residential commercial real estate and multi-family mortgage loans as well as consumer construction and commercial business loans. The Company also invests in mortgage-backed and related securities the United States Government agency obligations and other permissible investments.

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