StockNews.com Upgrades Hawthorn Bancshares (NASDAQ:HWBK) to Buy

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.

Hawthorn Bancshares Stock Up 3.8 %

NASDAQ:HWBK traded up $1.21 during trading hours on Thursday, reaching $32.75. The company's stock had a trading volume of 3,489 shares, compared to its average volume of 11,067. The stock has a 50 day moving average price of $26.46 and a two-hundred day moving average price of $22.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $228.92 million, a P/E ratio of 36.39 and a beta of 0.53. Hawthorn Bancshares has a 12 month low of $17.86 and a 12 month high of $34.00.

Insider Buying and Selling at Hawthorn Bancshares

In related news, Director Jonathan Holtaway sold 5,053 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $28.57, for a total transaction of $144,364.21. Following the completion of the sale, the director now owns 402,460 shares of the company's stock, valued at $11,498,282.20. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 23.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Hawthorn Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of 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. Empowered Funds LLC boosted its holdings in Hawthorn Bancshares by 5.2% in the third 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. Geode Capital Management LLC grew its stake in shares of 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 last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Hawthorn Bancshares by 4.8% during the first quarter. Vanguard Group Inc. now owns 278,318 shares of the financial services provider's stock worth $5,686,000 after acquiring an additional 12,800 shares during the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

Hawthorn Bancshares Company Profile

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.