Hawthorn Bancshares (NASDAQ:HWBK) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a sell rating to a hold rating in a research report released on Tuesday.

Hawthorn Bancshares Stock Performance

Shares of HWBK opened at $18.89 on Tuesday. The company’s 50 day simple moving average is $20.64 and its 200-day simple moving average is $21.39. Hawthorn Bancshares has a 12-month low of $15.02 and a 12-month high of $26.00. The firm has a market cap of $132.61 million, a PE ratio of 62.97 and a beta of 0.46. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.15.

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

Hawthorn Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 15th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, June 14th. This is an increase from Hawthorn Bancshares’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 4.02%. Hawthorn Bancshares’s dividend payout ratio (DPR) is currently 226.67%.

Insider Activity at Hawthorn Bancshares

In related news, Director Jonathan L. States purchased 1,200 shares of Hawthorn Bancshares stock in a transaction dated Thursday, February 29th. The stock was bought at an average cost of $21.57 per share, for a total transaction of $25,884.00. Following the transaction, the director now owns 3,255 shares in the company, valued at $70,210.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Douglas Todd Eden purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was acquired at an average price of $20.37 per share, for a total transaction of $101,850.00. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $1,731,450. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan L. States bought 1,200 shares of the stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost 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 approximately $70,210.35. The disclosure for this purchase can be found here. Insiders have bought a total of 20,400 shares of company stock worth $426,846 in the last three months. Insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Hawthorn Bancshares

Large investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co raised its stake in Hawthorn Bancshares by 99.2% during the third quarter. CENTRAL TRUST Co now owns 10,017 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 4,988 shares during the period. Eagle Bluffs Wealth Management LLC acquired a new stake in shares of Hawthorn Bancshares in the first quarter worth $240,000. Finally, Gendell Jeffrey L raised its stake in shares of Hawthorn Bancshares by 4.0% in the 3rd quarter. Gendell Jeffrey L now owns 16,505 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 634 shares during the period. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

About Hawthorn Bancshares

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.