Hawthorn Bancshares (NASDAQ:HWBK) Posts Quarterly Earnings Results

Hawthorn Bancshares (NASDAQ:HWBK) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $17.59 million for the quarter. Hawthorn Bancshares had a return on equity of 15.03% and a net margin of 21.26%.

Hawthorn Bancshares Trading Up 2.7%

Shares of HWBK traded up $0.90 during midday trading on Friday, hitting $33.46. The stock had a trading volume of 6,572 shares, compared to its average volume of 6,054. The business has a 50-day simple moving average of $33.43 and a two-hundred day simple moving average of $31.55. Hawthorn Bancshares has a fifty-two week low of $25.21 and a fifty-two week high of $36.49. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.37. The firm has a market cap of $230.84 million, a P/E ratio of 9.75 and a beta of 0.53.

Hawthorn Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Sunday, March 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, March 13th. This is an increase from Hawthorn Bancshares’s previous quarterly dividend of $0.20. Hawthorn Bancshares’s payout ratio is presently 23.32%.

Analyst Ratings Changes

A number of analysts have weighed in on HWBK shares. Wall Street Zen cut shares of Hawthorn Bancshares from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Hawthorn Bancshares in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in shares of Hawthorn Bancshares by 101.3% during the second quarter. Geode Capital Management LLC now owns 143,777 shares of the financial services provider’s stock worth $4,191,000 after acquiring an additional 72,343 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Hawthorn Bancshares by 2.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 75,686 shares of the financial services provider’s stock valued at $2,349,000 after buying an additional 2,082 shares during the last quarter. Empowered Funds LLC raised its holdings in Hawthorn Bancshares by 7.2% in the 1st quarter. Empowered Funds LLC now owns 30,547 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 2,051 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Hawthorn Bancshares by 17.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 22,375 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 3,286 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Hawthorn Bancshares by 150.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,460 shares of the financial services provider’s stock worth $578,000 after purchasing an additional 12,299 shares during the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc is the bank holding company for Hawthorn Bank, a community-focused financial institution headquartered in Aurora, Missouri. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, agricultural enterprises and commercial clients across southwest Missouri and select markets in nearby states. Hawthorn Bank operates a network of full-service branches and digital banking platforms designed to meet the evolving needs of its customers.

The company’s core offerings include deposit products such as checking, savings and money market accounts, as well as consumer lending solutions comprising residential mortgages, home equity lines of credit, auto loans and personal loans.