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

Key Points

• Hawthorn Bancshares shares have crossed above their 50-day moving average of $29.09, reaching a high of $29.10 during recent trading.
• Wall Street analyst ratings have changed, with Wall Street Zen downgrading the stock from a "buy" to a "hold" rating.
• The company announced a dividend increase to $0.20 per share, alongside a planned $10 million share repurchase program, indicating confidence in its valuation.

Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $29.09 and traded as high as $29.10. Hawthorn Bancshares shares last traded at $29.10, with a volume of 7,107 shares.

Wall Street Analyst Weigh In

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

Hawthorn Bancshares Stock Performance

The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $201.66 million, a PE ratio of 10.58 and a beta of 0.56. The business has a 50 day moving average price of $29.09 and a two-hundred day moving average price of $29.63.

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

Hawthorn Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Sunday, June 15th were paid a $0.20 dividend. The ex-dividend date was Friday, June 13th. This is a boost from Hawthorn Bancshares's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.75%. Hawthorn Bancshares's dividend payout ratio (DPR) is presently 29.09%.

Hawthorn Bancshares declared that its board has approved a share repurchase plan on Thursday, June 5th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the financial services provider to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Hawthorn Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in shares of Hawthorn Bancshares by 150.7% during the first 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 in the last quarter. Jane Street Group LLC purchased a new position in Hawthorn Bancshares during the 1st quarter valued at $457,000. Empowered Funds LLC raised its holdings in Hawthorn Bancshares by 7.2% in the 1st 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 in the last quarter. Millennium Management LLC lifted its position in shares of Hawthorn Bancshares by 29.3% in the 4th 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 boosted its stake in shares of Hawthorn Bancshares by 0.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 73,532 shares of the financial services provider's stock valued at $2,085,000 after purchasing an additional 477 shares in the last quarter. 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.

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