46,073 Shares in Hawthorn Bancshares, Inc. $HWBK Bought by Pinnacle Holdings LLC

Key Points

• Pinnacle Holdings LLC acquired 46,073 shares of Hawthorn Bancshares worth approximately $1.81 million, representing about 0.67% of the company. Institutional investors and hedge funds collectively own 30.73% of the stock.
• Hawthorn Bancshares reported quarterly earnings of $1.06 per share on $22.91 million in revenue, with a 15.15% return on equity and a 22.77% net margin.
• The company declared a quarterly dividend of $0.21 per share, or $0.84 annually, yielding approximately 2.1%. Analysts have recently upgraded the stock, giving it a consensus “Buy” rating.

Pinnacle Holdings LLC acquired a new stake in Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 46,073 shares of the financial services provider's stock, valued at approximately $1,811,000. Pinnacle Holdings LLC owned approximately 0.67% of Hawthorn Bancshares at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Hawthorn Bancshares during the 2nd quarter worth about $13,176,000. Deutsche Bank AG bought a new stake in shares of Hawthorn Bancshares in the second quarter valued at about $192,000. Bank of New York Mellon Corp acquired a new position in shares of Hawthorn Bancshares during the second quarter worth about $562,000. Dimensional Fund Advisors LP boosted its position in shares of Hawthorn Bancshares by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 158,332 shares of the financial services provider's stock worth $5,335,000 after buying an additional 2,419 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Hawthorn Bancshares by 39.1% during the first quarter. Hsbc Holdings PLC now owns 9,607 shares of the financial services provider's stock worth $335,000 after buying an additional 2,698 shares during the period. 30.73% of the stock is owned by institutional investors and hedge funds.

Hawthorn Bancshares Stock Performance

Shares of NASDAQ:HWBK opened at $39.22 on Monday. The company's 50-day moving average price is $38.94 and its two-hundred day moving average price is $36.17. Hawthorn Bancshares, Inc. has a one year low of $29.39 and a one year high of $40.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $270.62 million, a PE ratio of 10.27 and a beta of 0.45.

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

Hawthorn Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.84 annualized dividend and a yield of 2.1%. Hawthorn Bancshares's dividend payout ratio is 21.99%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HWBK shares. Wall Street Zen raised Hawthorn Bancshares from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Weiss Ratings raised Hawthorn Bancshares from a "hold (c)" rating to a "buy (b)" rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

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.

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