Hawthorn Bancshares (NASDAQ:HWBK) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $29.18 and traded as high as $29.39. Hawthorn Bancshares shares last traded at $28.69, with a volume of 8,134 shares trading hands.

Analysts Set New Price Targets

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

Hawthorn Bancshares Stock Performance

The stock has a 50 day simple moving average of $29.19 and a 200 day simple moving average of $29.70. The stock has a market cap of $203.53 million, a P/E ratio of 10.68 and a beta of 0.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.13.

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

Hawthorn Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Sunday, June 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.72%. This is an increase from Hawthorn Bancshares's previous quarterly dividend of $0.19. Hawthorn Bancshares's payout ratio is 29.09%.

Hawthorn Bancshares declared that its Board of Directors has authorized a share repurchase program on Thursday, June 5th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On Hawthorn Bancshares

Several institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in Hawthorn Bancshares by 44.1% in the fourth quarter. Barclays PLC now owns 1,059 shares of the financial services provider's stock worth $30,000 after acquiring an additional 324 shares in the last quarter. Citadel Advisors LLC purchased a new position in Hawthorn Bancshares in the fourth quarter worth $218,000. 683 Capital Management LLC purchased a new position in Hawthorn Bancshares in the fourth quarter worth $320,000. Northern Trust Corp grew its position in Hawthorn Bancshares by 8.0% in the fourth 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 in the last quarter. Finally, Jane Street Group LLC purchased a new position in Hawthorn Bancshares in the first quarter worth $457,000. Hedge funds and other 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.