Hawthorn Bancshares (NASDAQ:HWBK) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Hawthorn Bancshares from “hold” to “buy,” following a similar upgrade by Weiss Ratings. MarketBeat reports an average analyst rating of “Buy.”
• Hawthorn Bancshares reported quarterly EPS of $1.06 and revenue of $22.91 million, with a 15.15% return on equity and 22.77% net margin.
• The stock opened at $39.90, near its 52-week high of $40.60, while institutional investors and hedge funds owned 30.73% of outstanding shares after several firms increased their positions.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Separately, Weiss Ratings raised Hawthorn Bancshares from a "hold (c)" rating to a "buy (b)" rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Hawthorn Bancshares has an average rating of "Buy".

Hawthorn Bancshares Stock Down 0.6%

Shares of HWBK opened at $39.90 on Friday. Hawthorn Bancshares has a fifty-two week low of $29.39 and a fifty-two week high of $40.60. The company's fifty day moving average is $38.66 and its two-hundred day moving average is $35.94. The firm has a market cap of $275.31 million, a PE ratio of 10.45 and a beta of 0.45. The company has a quick ratio of 1.02, a current ratio of 0.97 and a debt-to-equity ratio of 0.43.

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

Institutional Investors Weigh In On Hawthorn Bancshares

Several large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in shares of Hawthorn Bancshares by 150.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,460 shares of the financial services provider's stock valued at $578,000 after acquiring an additional 12,299 shares during the period. Empowered Funds LLC lifted its holdings in shares of Hawthorn Bancshares by 7.2% during the 1st quarter. Empowered Funds LLC now owns 30,547 shares of the financial services provider's stock valued at $862,000 after acquiring an additional 2,051 shares in the last quarter. Jane Street Group LLC purchased a new stake in Hawthorn Bancshares during the 1st quarter worth $457,000. Geode Capital Management LLC boosted its position in Hawthorn Bancshares by 101.3% during the 2nd quarter. Geode Capital Management LLC now owns 143,777 shares of the financial services provider's stock worth $4,191,000 after purchasing an additional 72,343 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in 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 valued at $80,000 after purchasing an additional 2,606 shares in the last quarter. Institutional investors and hedge funds own 30.73% of the company's stock.

About Hawthorn Bancshares

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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