Hawthorn Bancshares, Inc. (NASDAQ:HWBK) Announces Dividend Increase – $0.19 Per Share

Hawthorn Bancshares, Inc. (NASDAQ:HWBK) declared a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Investors of record on Saturday, June 15th will be given a dividend of 0.19 per share by the financial services provider on Monday, July 1st. This represents a $0.76 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Hawthorn Bancshares’s previous quarterly dividend of $0.17.

Hawthorn Bancshares has increased its dividend by an average of 16.0% per year over the last three years and has raised its dividend every year for the last 8 years.

Hawthorn Bancshares Price Performance

HWBK stock opened at $18.89 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $132.61 million, a PE ratio of 62.97 and a beta of 0.46. The company’s fifty day moving average price is $20.70 and its 200-day moving average price is $21.41. Hawthorn Bancshares has a one year low of $15.02 and a one year high of $26.00.

Hawthorn Bancshares (NASDAQ:HWBK) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported ($1.05) earnings per share for the quarter. The firm had revenue of $18.00 million for the quarter. Hawthorn Bancshares had a net margin of 2.09% and a return on equity of 1.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Hawthorn Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday.

Insiders Place Their Bets

In other news, Director Jonathan L. States acquired 1,200 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was acquired at an average price of $21.57 per share, with a total value of $25,884.00. Following the completion of the purchase, the director now directly owns 3,255 shares in the company, valued at $70,210.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Jonathan Holtaway bought 5,500 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $19.12 per share, with a total value of $105,160.00. Following the transaction, the director now directly owns 15,500 shares in the company, valued at approximately $296,360. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan L. States purchased 1,200 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average cost of $21.57 per share, for a total transaction of $25,884.00. Following the transaction, the director now directly owns 3,255 shares in the company, valued at approximately $70,210.35. The disclosure for this purchase can be found here. Insiders bought 20,400 shares of company stock valued at $426,846 over the last three months. 12.60% of the stock is owned by company insiders.

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.