Hawthorn Bancshares, Inc. $HWBK Shares Sold by Rhino Investment Partners Inc

Key Points

• Rhino Investment Partners Inc reduced its stake in Hawthorn Bancshares by 70.1% in the first quarter, now holding approximately 0.31% of the company's shares worth around $610,000.
• Hawthorn Bancshares is implementing a $10 million stock buyback program, indicating management's belief that its shares may be undervalued.
• The company declared a quarterly dividend of $0.20 per share, with a 2.7% dividend yield, set to be paid to investors of record on September 15th.

Rhino Investment Partners Inc decreased its position in Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Free Report) by 70.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,609 shares of the financial services provider's stock after selling 50,572 shares during the period. Rhino Investment Partners Inc owned 0.31% of Hawthorn Bancshares worth $610,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Susquehanna International Group LLP grew its stake in shares of Hawthorn Bancshares by 163.3% in the 4th quarter. Susquehanna International Group LLP now owns 81,309 shares of the financial services provider's stock valued at $2,305,000 after buying an additional 50,429 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Hawthorn Bancshares by 0.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 73,532 shares of the financial services provider's stock worth $2,085,000 after acquiring an additional 477 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Hawthorn Bancshares by 11.9% in the 4th quarter. Renaissance Technologies LLC now owns 28,243 shares of the financial services provider's stock worth $801,000 after acquiring an additional 3,000 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Hawthorn Bancshares by 29.3% in the 4th quarter. Millennium Management LLC now owns 25,881 shares of the financial services provider's stock worth $734,000 after acquiring an additional 5,870 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Hawthorn Bancshares by 8.0% in the 4th quarter. Northern Trust Corp now owns 14,834 shares of the financial services provider's stock worth $421,000 after acquiring an additional 1,101 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company's stock.

Hawthorn Bancshares Trading Up 1.5%

Shares of HWBK stock traded up $0.48 during trading hours on Tuesday, hitting $32.33. The company had a trading volume of 3,090 shares, compared to its average volume of 18,143. The company's fifty day moving average is $29.21 and its 200 day moving average is $29.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.03 and a quick ratio of 1.03. Hawthorn Bancshares, Inc. has a fifty-two week low of $21.35 and a fifty-two week high of $35.95. The stock has a market capitalization of $223.40 million, a PE ratio of 10.89 and a beta of 0.63.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.88 EPS for the quarter. The firm 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued 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 is 26.94%.

Hawthorn Bancshares announced that its board has initiated a share buyback program on Thursday, June 5th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

About Hawthorn Bancshares

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.