Hawthorn Bancshares, Inc. Announces Quarterly Dividend of $0.20 (NASDAQ:HWBK)

Key Points

• Hawthorn Bancshares, Inc. has declared a quarterly dividend of $0.20 per share, with payment set for October 1st to stockholders of record on September 15th. This translates to an annualized dividend of $0.80 and a yield of 2.78%.
• The company recently reported earnings of $0.88 per share for the quarter, demonstrating a return on equity of 13.06% and a net margin of 17.52%.
• Hawthorn Bancshares has authorized a share buyback plan of up to $10.00 million, signaling management's belief that the stock is undervalued.

Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.20 per share by the financial services provider on Wednesday, October 1st. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, September 15th.

Hawthorn Bancshares Stock Performance

HWBK stock traded down $0.30 during trading hours on Friday, hitting $28.22. 18,597 shares of the stock were exchanged, compared to its average volume of 10,450. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $195.59 million, a P/E ratio of 9.50 and a beta of 0.56. The company has a 50-day simple moving average of $28.93 and a two-hundred day simple moving average of $29.61. Hawthorn Bancshares has a 12 month low of $20.00 and a 12 month high of $35.95.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.88 earnings per share for the quarter. Hawthorn Bancshares had a return on equity of 13.79% and a net margin of 18.88%. The firm had revenue of $19.69 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in shares of Hawthorn Bancshares by 150.7% in the first quarter. Goldman Sachs Group Inc. now owns 20,460 shares of the financial services provider's stock worth $578,000 after purchasing an additional 12,299 shares during the period. Jane Street Group LLC bought a new position in shares of Hawthorn Bancshares in the first quarter worth $457,000. Empowered Funds LLC increased its position in shares of Hawthorn Bancshares by 7.2% in the first quarter. Empowered Funds LLC now owns 30,547 shares of the financial services provider's stock worth $862,000 after purchasing an additional 2,051 shares during the period. Millennium Management LLC increased its position in shares of Hawthorn Bancshares by 29.3% in the fourth quarter. Millennium Management LLC now owns 25,881 shares of the financial services provider's stock worth $734,000 after purchasing an additional 5,870 shares during the period. Finally, Bridgeway Capital Management LLC increased 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 worth $2,085,000 after purchasing an additional 477 shares during the period. Institutional investors own 30.73% of the company's stock.

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.