BlackRock Inc. Invests $13.18 Million in Hawthorn Bancshares, Inc. $HWBK

Key Points

• BlackRock acquired 335,276 shares of Hawthorn Bancshares during the second quarter, worth approximately $13.18 million, giving it a 4.86% stake. Institutional ownership overall stands at 30.73%.
• Hawthorn Bancshares reported quarterly EPS of $1.06 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, equivalent to $0.84 annually and a 2.1% yield. Analysts have upgraded the stock, and MarketBeat reports a consensus “Buy” rating.

BlackRock Inc. purchased a new position in Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 335,276 shares of the financial services provider's stock, valued at approximately $13,176,000. BlackRock Inc. owned approximately 4.86% of Hawthorn Bancshares at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Hawthorn Bancshares during the second quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in Hawthorn Bancshares during the 4th quarter valued at $50,000. Bank of America Corp DE increased its holdings in shares of Hawthorn Bancshares by 3,777.6% in the 2nd quarter. Bank of America Corp DE now owns 2,598 shares of the financial services provider's stock worth $76,000 after purchasing an additional 2,531 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hawthorn Bancshares by 1,725.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,757 shares of the financial services provider's stock worth $80,000 after purchasing an additional 2,606 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Hawthorn Bancshares in the second quarter worth $93,000. 30.73% of the stock is owned by hedge funds and other institutional investors.

Hawthorn Bancshares Stock Performance

Shares of HWBK opened at $39.58 on Friday. The firm has a market capitalization of $273.10 million, a P/E ratio of 10.36 and a beta of 0.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.97 and a quick ratio of 0.97. Hawthorn Bancshares, Inc. has a one year low of $29.39 and a one year high of $40.60. The business has a fifty day moving average of $39.05 and a 200 day moving average of $36.41.

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

Hawthorn Bancshares Announces Dividend

The firm also recently disclosed 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 dividend yield of 2.1%. Hawthorn Bancshares's dividend payout ratio (DPR) is presently 21.99%.

Wall Street Analyst Weigh In

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

Hawthorn Bancshares Profile

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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