HMN FinancialNasdaqGM:HMNF Stock Report

Market Cap







18 Sep, 2021


Company Financials
HMNF fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance5/6
Financial Health6/6

HMNF Overview

HMN Financial, Inc. operates as a bank holding company for Home Federal Savings Bank that provides various retail banking products and services.


Trading at 34.7% below our estimate of its fair value

Earnings grew by 91.8% over the past year

Risk Analysis

No risks detected for HMNF from our risk checks.

Share Price & News

How has HMN Financial's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: HMNF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HMNF's weekly volatility (3%) has been stable over the past year.

Market Performance

7 Day Return




US Mortgage


US Market

1 Year Return




US Mortgage


US Market

Return vs Industry: HMNF exceeded the US Mortgage industry which returned 12.6% over the past year.

Return vs Market: HMNF exceeded the US Market which returned 33.6% over the past year.

Shareholder returns

7 Day-1.7%0.6%-0.6%
30 Day2.1%-2.4%1.6%
90 Day11.3%-6.6%4.6%
1 Year76.2%76.2%18.1%14.0%35.8%33.8%
3 Year12.6%12.6%27.3%17.4%60.0%50.1%
5 Year63.2%63.2%63.5%39.5%123.0%98.7%

Long-Term Price Volatility Vs. Market

How volatile is HMN Financial's share price compared to the market and industry in the last 5 years?

Simply Wall St News

HMN Financial Fundamentals Summary

How do HMN Financial's earnings and revenue compare to its market cap?
HMNF fundamental statistics
Market CapUS$104.20m
Earnings (TTM)US$14.17m
Revenue (TTM)US$46.57m


P/E Ratio


P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HMNF income statement (TTM)
Cost of RevenueUS$0
Gross ProfitUS$46.57m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date


Earnings per share (EPS)3.10
Gross Margin100.00%
Net Profit Margin30.43%
Debt/Equity Ratio0%

How did HMNF perform over the long term?

See historical performance and comparison


Is HMN Financial undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: HMNF ($23.36) is trading below our estimate of fair value ($35.75)

Significantly Below Fair Value: HMNF is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: HMNF is good value based on its PE Ratio (7.4x) compared to the US Mortgage industry average (12.1x).

PE vs Market: HMNF is good value based on its PE Ratio (7.4x) compared to the US market (17.8x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HMNF's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: HMNF's PB Ratio (1x) is in line with the US Mortgage industry average.

Future Growth

How is HMN Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HMN Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has HMN Financial performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HMNF has high quality earnings.

Growing Profit Margin: HMNF's current net profit margins (30.4%) are higher than last year (19.3%).

Past Earnings Growth Analysis

Earnings Trend: HMNF's earnings have grown by 17.8% per year over the past 5 years.

Accelerating Growth: HMNF's earnings growth over the past year (91.8%) exceeds its 5-year average (17.8% per year).

Earnings vs Industry: HMNF earnings growth over the past year (91.8%) exceeded the Mortgage industry 36.9%.

Return on Equity

High ROE: HMNF's Return on Equity (13.1%) is considered low.

Financial Health

How is HMN Financial's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: HMNF's Assets to Equity ratio (9.1x) is low.

Allowance for Bad Loans: HMNF has a sufficient allowance for bad loans (566%).

Low Risk Liabilities: 99% of HMNF's liabilities are made up of primarily low risk sources of funding.

Loan Level: HMNF has an appropriate level of Loans to Assets ratio (65%).

Low Risk Deposits: HMNF's Loans to Deposits ratio (74%) is appropriate.

Level of Bad Loans: HMNF has an appropriate level of bad loans (0.3%).


What is HMN Financial current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate HMNF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HMNF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HMNF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HMNF's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HMNF's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Brad Krehbiel (62 yo)





Mr. Bradley C. Krehbiel, also known as Brad, has been the Chief Executive Officer at HMN Financial, Inc. since April 2012 and has been its President since April 2010. Mr. Krehbiel has been President of Hom...

CEO Compensation Analysis

Compensation vs Market: Brad's total compensation ($USD512.33K) is about average for companies of similar size in the US market ($USD547.94K).

Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: HMNF's management team is seasoned and experienced (11.6 years average tenure).

Board Members

Experienced Board: HMNF's board of directors are considered experienced (7.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

HMN Financial, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

Number of Employees


  • HMN Financial, Inc.
  • 1016 Civic Center Drive Northwest
  • Rochester
  • Minnesota
  • 55901
  • United States



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...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 00:48
End of Day Share Price2021/09/17 00:00
Annual Earnings2020/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.