StockNews.com upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK - Free Report) from a hold rating to a buy rating in a report issued on Friday morning.
Hawthorn Bancshares Price Performance
HWBK stock traded down $0.10 during trading on Friday, hitting $32.60. The company had a trading volume of 5,039 shares, compared to its average volume of 8,805. The firm has a market capitalization of $227.87 million, a price-to-earnings ratio of 12.49 and a beta of 0.59. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average of $30.80 and a 200 day moving average of $26.56. Hawthorn Bancshares has a fifty-two week low of $17.86 and a fifty-two week high of $34.00.
Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter. Hawthorn Bancshares had a net margin of 16.65% and a return on equity of 13.00%.
Hawthorn Bancshares Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, March 14th. Hawthorn Bancshares's payout ratio is currently 29.12%.
Insider Transactions at Hawthorn Bancshares
In other news, Director Frank E. Burkhead sold 3,000 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.87, for a total transaction of $95,610.00. Following the completion of the sale, the director now directly owns 11,477 shares of the company's stock, valued at $365,771.99. This represents a 20.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Holtaway sold 1,015 shares of the company's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $32.25, for a total value of $32,733.75. Following the sale, the director now directly owns 390,004 shares of the company's stock, valued at approximately $12,577,629. This represents a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,457 shares of company stock valued at $285,175 in the last quarter. Insiders own 23.40% of the company's stock.
Institutional Investors Weigh In On Hawthorn Bancshares
Several hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co lifted its stake in Hawthorn Bancshares by 42.6% in the 4th quarter. CENTRAL TRUST Co now owns 7,368 shares of the financial services provider's stock worth $209,000 after acquiring an additional 2,200 shares in the last quarter. Alexander Labrunerie & CO. Inc. lifted its stake in Hawthorn Bancshares by 4.3% in the 4th quarter. Alexander Labrunerie & CO. Inc. now owns 15,214 shares of the financial services provider's stock worth $431,000 after acquiring an additional 625 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 acquiring an additional 6,700 shares in the last quarter. Empowered Funds LLC lifted its stake 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 acquiring an additional 1,340 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Hawthorn Bancshares by 11.3% in the 3rd 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 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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