Hawthorn Bancshares (NASDAQ:HWBK) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Hawthorn Bancshares' stock price crossed above its 50-day moving average of $30.27, reaching a high of $32.16 during trading.
• The company announced a quarterly dividend of $0.20 per share, which translates to an annualized yield of 2.5% and reflects a payout ratio of 26.94%.
• The Board of Directors authorized a $10 million share repurchase program, indicating confidence in the company's stock value.

Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $30.27 and traded as high as $32.16. Hawthorn Bancshares shares last traded at $31.40, with a volume of 5,006 shares.

Hawthorn Bancshares Trading Up 0.8%

The firm's 50 day moving average price is $30.49 and its 200-day moving average price is $29.35. The stock has a market cap of $226.92 million, a P/E ratio of 11.06 and a beta of 0.61. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.03 and a quick ratio of 1.03.

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

Hawthorn Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 26.94%.

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

Institutional Investors Weigh In On Hawthorn Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in Hawthorn Bancshares during the 2nd quarter valued at $25,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Hawthorn Bancshares in the second quarter worth about $37,000. Bank of America Corp DE grew its stake in shares of Hawthorn Bancshares by 3,777.6% during the 2nd quarter. Bank of America Corp DE now owns 2,598 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 2,531 shares during the period. JPMorgan Chase & Co. increased its position in shares of Hawthorn Bancshares by 1,725.8% during 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Hawthorn Bancshares in the second quarter worth approximately $93,000. Hedge funds and other 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.