StockNews.com cut shares of Hawthorn Bancshares (NASDAQ:HWBK - Free Report) from a buy rating to a hold rating in a research note released on Thursday.
Hawthorn Bancshares Trading Up 1.8 %
HWBK traded up $0.58 during trading on Thursday, hitting $32.19. 17,015 shares of the stock were exchanged, compared to its average volume of 9,101. Hawthorn Bancshares has a 1 year low of $17.86 and a 1 year high of $34.00. The firm has a market cap of $225.01 million, a price-to-earnings ratio of 35.77 and a beta of 0.58. The firm has a 50 day simple moving average of $30.64 and a 200 day simple moving average of $25.97. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.01 and a current ratio of 1.01.
Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.66 earnings per share for the quarter. Hawthorn Bancshares had a return on equity of 4.46% and a net margin of 5.67%.
Hawthorn Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 2.36%. Hawthorn Bancshares's dividend payout ratio is presently 84.44%.
Insider Buying and Selling
In related news, Director Frank E. Burkhead sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.87, for a total value of $95,610.00. Following the sale, the director now owns 11,477 shares in the company, valued at $365,771.99. This represents a 20.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Holtaway sold 5,053 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $28.57, for a total transaction of $144,364.21. Following the completion of the transaction, the director now owns 402,460 shares in the company, valued at approximately $11,498,282.20. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,457 shares of company stock worth $285,175 in the last ninety days. 23.40% of the stock is owned by insiders.
Institutional Trading of Hawthorn Bancshares
Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Hawthorn Bancshares by 11.3% during the third quarter. Geode Capital Management LLC now owns 68,657 shares of the financial services provider's stock worth $1,719,000 after acquiring an additional 6,955 shares during the period. Renaissance Technologies LLC boosted its position in Hawthorn Bancshares by 36.5% in the 2nd quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider's stock worth $496,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Hawthorn Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 27,169 shares of the financial services provider's stock worth $680,000 after purchasing an additional 1,340 shares in the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.
About Hawthorn Bancshares
(
Get Free Report)
Hawthorn Bancshares, Inc operates as the bank holding company for Hawthorn Bank that provides various banking services in the United States. It accepts checking, savings, money market, individual retirement, and other time deposit accounts, as well as certificates of deposit. The company also offers commercial and industrial, single payment personal, installment, commercial and residential real estate, and consumer loans, as well as equipment, operating, and small business administration loans; and debit and credit cards.
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