Hawthorn Bancshares (NASDAQ:HWBK) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $29.26 and traded as high as $29.66. Hawthorn Bancshares shares last traded at $29.66, with a volume of 18,721 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Hawthorn Bancshares from a "buy" rating to a "hold" rating in a report on Thursday, April 10th.

Hawthorn Bancshares Stock Up 1.7%

The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day simple moving average of $29.26 and a two-hundred day simple moving average of $29.68. The firm has a market capitalization of $209.04 million, a PE ratio of 10.97 and a beta of 0.56.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.77 earnings per share for the quarter. Hawthorn Bancshares had a return on equity of 13.06% and a net margin of 17.52%. The firm had revenue of $18.76 million during the quarter.

Hawthorn Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Hawthorn Bancshares's previous quarterly dividend of $0.19. Hawthorn Bancshares's dividend payout ratio is presently 29.09%.

Hawthorn Bancshares declared that its Board of Directors has initiated a stock buyback plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Hedge Funds Weigh In On Hawthorn Bancshares

Large investors have recently bought and sold shares of the business. Northern Trust Corp increased 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 valued at $421,000 after acquiring an additional 1,101 shares during the period. Citadel Advisors LLC bought a new stake in Hawthorn Bancshares during the fourth quarter valued at about $218,000. Millennium Management LLC grew its stake in Hawthorn Bancshares by 29.3% in the fourth quarter. Millennium Management LLC now owns 25,881 shares of the financial services provider's stock valued at $734,000 after purchasing an additional 5,870 shares during the last quarter. Susquehanna International Group LLP grew its stake in 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. Finally, Renaissance Technologies LLC lifted its position in shares of Hawthorn Bancshares by 11.9% during the fourth quarter. Renaissance Technologies LLC now owns 28,243 shares of the financial services provider's stock valued at $801,000 after buying an additional 3,000 shares during the last quarter. Institutional investors own 30.73% of the company's stock.

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.