Hawthorn Bancshares (NASDAQ:HWBK) Stock Rating Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Hawthorn Bancshares from “hold” to “buy,” while Weiss Ratings maintained a “buy (B)” rating. MarketBeat data shows the stock has an average “Buy” rating.
• Hawthorn Bancshares reported quarterly EPS of $1.06 on revenue of $22.91 million, with a 22.77% net margin and 15.15% return on equity.
• Institutional ownership stands at 30.73% after several investors, including Ategra Capital Management and BlackRock, established new positions during the second quarter.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Hawthorn Bancshares in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of "Buy".

Hawthorn Bancshares Stock Performance

Shares of Hawthorn Bancshares stock opened at $38.06 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.43. Hawthorn Bancshares has a 52 week low of $29.39 and a 52 week high of $40.60. The company has a market capitalization of $262.61 million, a PE ratio of 9.96 and a beta of 0.47. The stock's fifty day moving average is $38.93 and its two-hundred day moving average is $37.50.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.06 EPS for the quarter. The business had revenue of $22.91 million during the quarter. Hawthorn Bancshares had a net margin of 22.77% and a return on equity of 15.15%.

Institutional Trading of Hawthorn Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of HWBK. Ategra Capital Management LLC purchased a new position in Hawthorn Bancshares in the second quarter valued at $13,456,000. BlackRock Inc. purchased a new stake in shares of Hawthorn Bancshares during the 2nd quarter worth about $13,176,000. Pinnacle Holdings LLC purchased a new stake in shares of Hawthorn Bancshares during the 2nd quarter worth about $1,811,000. Empowered Funds LLC purchased a new stake in shares of Hawthorn Bancshares during the 2nd quarter worth about $1,284,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Hawthorn Bancshares during the 2nd quarter valued at about $562,000. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Hawthorn Bancshares Company Profile

Hawthorn Bancshares, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its subsidiary, Hawthorn Bank, the company provides a range of banking services to individuals, families, businesses and public-sector organizations.

Hawthorn Bank offers deposit products, personal and commercial lending, mortgage services, cash-management solutions, online and mobile banking, and other financial services. Its lending activities include consumer, residential real estate, commercial real estate and business loans.

The bank serves communities primarily throughout central Missouri, with locations in markets including Jefferson City, Columbia and surrounding areas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.