Rhino Investment Partners Inc Decreases Position in Hawthorn Bancshares, Inc. $HWBK

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 holdings in Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Free Report) by 70.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,609 shares of the financial services provider's stock after selling 50,572 shares during the quarter. Rhino Investment Partners Inc owned 0.31% of Hawthorn Bancshares worth $610,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Millennium Management LLC lifted its position in Hawthorn Bancshares by 29.3% in the 4th quarter. Millennium Management LLC now owns 25,881 shares of the financial services provider's stock valued at $734,000 after acquiring an additional 5,870 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Hawthorn Bancshares by 0.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 73,532 shares of the financial services provider's stock worth $2,085,000 after buying an additional 477 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Hawthorn Bancshares during the 4th quarter worth approximately $218,000. 683 Capital Management LLC bought a new position in shares of Hawthorn Bancshares during the 4th quarter worth approximately $320,000. Finally, Northern Trust Corp lifted its position in shares of Hawthorn Bancshares by 8.0% during the 4th quarter. Northern Trust Corp now owns 14,834 shares of the financial services provider's stock worth $421,000 after buying an additional 1,101 shares in the last quarter. Institutional investors own 30.73% of the company's stock.

Hawthorn Bancshares Stock Performance

Shares of Hawthorn Bancshares stock traded up $2.17 during mid-day trading on Friday, hitting $32.69. 15,439 shares of the stock were exchanged, compared to its average volume of 9,560. Hawthorn Bancshares, Inc. has a 12 month low of $21.35 and a 12 month high of $35.95. The company has a 50-day simple moving average of $29.14 and a 200 day simple moving average of $29.40. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $225.76 million, a P/E ratio of 11.01 and a beta of 0.63.

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

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

Hawthorn Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Hawthorn Bancshares's dividend payout ratio (DPR) is currently 26.94%.

Hawthorn Bancshares 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.