Hawthorn Bancshares (NASDAQ:HWBK) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Hawthorn Bancshares Price Performance

HWBK opened at $20.50 on Monday. The firm has a 50-day moving average price of $22.31 and a 200-day moving average price of $20.84. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.15. Hawthorn Bancshares has a twelve month low of $15.02 and a twelve month high of $26.00. The company has a market capitalization of $143.91 million, a price-to-earnings ratio of 155.85 and a beta of 0.47.

Hawthorn Bancshares (NASDAQ:HWBK) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported ($1.05) earnings per share (EPS) for the quarter. Hawthorn Bancshares had a return on equity of 0.75% and a net margin of 0.96%. The firm had revenue of $18.00 million during the quarter.

Hawthorn Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.32%. The ex-dividend date is Thursday, March 14th. Hawthorn Bancshares’s dividend payout ratio is presently 516.95%.

Insider Buying and Selling at Hawthorn Bancshares

In related news, Director Jonathan L. States purchased 1,200 shares of Hawthorn Bancshares stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average price of $21.57 per share, for a total transaction of $25,884.00. Following the completion of the transaction, the director now directly owns 3,255 shares of the company’s stock, valued at $70,210.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jonathan L. States bought 1,200 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were acquired at an average cost of $21.57 per share, with a total value of $25,884.00. Following the completion of the acquisition, the director now owns 3,255 shares of the company’s stock, valued at approximately $70,210.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas Todd Eden purchased 5,000 shares of Hawthorn Bancshares stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of $20.37 per share, with a total value of $101,850.00. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $1,731,450. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 20,400 shares of company stock worth $426,846. 12.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new position in Hawthorn Bancshares during the second quarter valued at approximately $340,000. Mercer Global Advisors Inc. ADV bought a new position in Hawthorn Bancshares in the 2nd quarter worth $327,000. Alliancebernstein L.P. grew its position in shares of Hawthorn Bancshares by 6.7% during the third quarter. Alliancebernstein L.P. now owns 217,471 shares of the financial services provider’s stock worth $4,754,000 after purchasing an additional 13,718 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Hawthorn Bancshares during the 2nd quarter valued at approximately $243,000. Finally, BlackRock Inc. lifted its holdings in Hawthorn Bancshares by 88.9% in the 2nd quarter. BlackRock Inc. now owns 28,768 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 13,538 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.

Hawthorn Bancshares Company Profile

Hawthorn Bancshares, Inc operates as the bank holding company for Hawthorn Bank that provides commercial and personal banking services. It accepts checking, savings, money market, individual retirement, and other time deposit accounts; and 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.