Hawthorn Bancshares, Inc. $HWBK Shares Sold by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC reduced its stake in Hawthorn Bancshares by 10.5%, now owning 299,555 shares valued at approximately $8.46 million as of the end of Q1.
• Hawthorn Bancshares recently announced a quarterly dividend of $0.20 per share, with an annualized yield of 2.4% and a payout ratio of 26.94%.
• The company has initiated a $10 million share buyback plan, reflecting management's belief that the stock is undervalued.

FJ Capital Management LLC reduced its stake in shares of Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 299,555 shares of the financial services provider's stock after selling 35,294 shares during the quarter. FJ Capital Management LLC owned 4.30% of Hawthorn Bancshares worth $8,456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HWBK. Barclays PLC grew its position in Hawthorn Bancshares by 44.1% during the fourth quarter. Barclays PLC now owns 1,059 shares of the financial services provider's stock worth $30,000 after buying an additional 324 shares during the period. Susquehanna International Group LLP grew its position in shares of Hawthorn Bancshares by 163.3% in the fourth quarter. Susquehanna International Group LLP now owns 81,309 shares of the financial services provider's stock valued at $2,305,000 after purchasing an additional 50,429 shares during the last quarter. Northern Trust Corp grew its position in shares of Hawthorn Bancshares by 8.0% in the fourth quarter. Northern Trust Corp now owns 14,834 shares of the financial services provider's stock valued at $421,000 after purchasing an additional 1,101 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Hawthorn Bancshares in the fourth quarter valued at approximately $218,000. Finally, Bridgeway Capital Management LLC grew its position in shares of Hawthorn Bancshares by 0.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 73,532 shares of the financial services provider's stock valued at $2,085,000 after purchasing an additional 477 shares during the last quarter. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Hawthorn Bancshares Price Performance

Shares of HWBK stock traded down $0.38 during trading hours on Friday, hitting $31.39. The company's stock had a trading volume of 4,563 shares, compared to its average volume of 8,198. The business has a fifty day moving average of $30.02 and a 200-day moving average of $29.36. The stock has a market cap of $216.78 million, a price-to-earnings ratio of 10.57 and a beta of 0.61. Hawthorn Bancshares, Inc. has a twelve month low of $21.35 and a twelve month high of $35.95. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.21.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.88 EPS for the quarter. The business had revenue of $19.69 million for the quarter. Hawthorn Bancshares had a net margin of 18.88% and a return on equity of 13.63%.

Hawthorn Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. Hawthorn Bancshares's dividend payout ratio (DPR) is 26.94%.

Hawthorn Bancshares declared that its Board of Directors has authorized a share buyback plan on Thursday, June 5th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Hawthorn Bancshares Company Profile

Hawthorn Bancshares, Inc operates as the bank holding company for Hawthorn Bank that provides various banking services in the United States. It accepts checking, savings, money market, individual retirement, and other time deposit accounts, as well as certificates of deposit. The company also offers commercial and industrial, single payment personal, installment, commercial and residential real estate, and consumer loans, as well as equipment, operating, and small business administration loans; and debit and credit cards.