Ategra Capital Management LLC bought a new position in shares of Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 342,390 shares of the financial services provider's stock, valued at approximately $13,456,000. Hawthorn Bancshares comprises about 6.1% of Ategra Capital Management LLC's investment portfolio, making the stock its 4th largest holding. Ategra Capital Management LLC owned approximately 4.96% of Hawthorn Bancshares at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Hawthorn Bancshares during the second quarter worth $13,176,000. Geode Capital Management LLC lifted 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 purchasing an additional 72,343 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Hawthorn Bancshares during the second quarter worth about $1,811,000. Jane Street Group LLC purchased a new stake in Hawthorn Bancshares in the first quarter valued at approximately $457,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Hawthorn Bancshares in the second quarter valued at approximately $455,000. Institutional investors and hedge funds own 30.73% of the company's stock.
Hawthorn Bancshares Stock Down 0.4%
Shares of HWBK stock opened at $39.07 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43. The stock has a market cap of $269.58 million, a P/E ratio of 10.23 and a beta of 0.45. The stock has a 50 day moving average of $38.98 and a 200 day moving average of $36.19. Hawthorn Bancshares, Inc. has a twelve month low of $29.39 and a twelve month high of $40.60.
Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter. The firm had revenue of $22.91 million for the quarter. Hawthorn Bancshares had a net margin of 22.77% and a return on equity of 15.15%.
Hawthorn Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. Hawthorn Bancshares's dividend payout ratio is presently 21.99%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on HWBK shares. Wall Street Zen raised shares of Hawthorn Bancshares from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Hawthorn Bancshares from a "hold (c)" rating to a "buy (b)" rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy".
Get Our Latest Stock Report on Hawthorn Bancshares
Hawthorn Bancshares Profile
(
Free Report)
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.
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