I do not know what LaSalle is planning. Check out the current postings at the Schedule 13D filing at the SEC. http://edgar-online.com It appears that James Pohlad, Robert Pohlad, Wm. Pohlad & Texas Financial Bancorporation, Inc. purchased 300,000 shares. (FYI the Pohlad's are associated with the Marquette Banks in MN. It would be interesting to know what kind of history the Pohlad's have with bank M & A .
I wish the management at HMN would get its act together with investor relations & shareholder communication. What's up with the stock split & dividend?
Thanks for the info! The pohlads listed on April 20th. It appears that La Salle Group sold off 200,000 shares on May 4th. Based upon their "Edgars" comments, they will continue to monitor management's efforts/results and will act accordingly to protect their investment. They indicate they may buy more shares in the future...or...liquidate what they have.
The Pohlad family members state their shares of stock have been purchased for investemnt. (Their dad has worked with Irwin Jacobs on a number of business deals...could he surface at some point in time? Probably not...)
Interesting stuff! I guess it is all a part of "...making a market..."
I did see somewhere that the 3 for 2 stock dividend will occur sometime towards the end of May.
SPRING VALLEY, Minn., May 21 (Reuters) - HMN Financial Inc. (HMNF - news) said Thursday it plans to repurchase up to 500,000 shares, or 8.51 percent of its outstanding shares, in the open market over the next 12 months.
The company said in the statement that the program would start May 26.