Hawthorn Bancshares (NASDAQ:HWBK) Stock Price Passes Above 50-Day Moving Average - What's Next?

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)'s share price crossed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Hawthorn Bancshares Stock Down 1.0%

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 firm has a market cap of $195.74 million, a PE ratio of 9.51 and a beta of 0.56. The business has a fifty day moving average price of $28.96 and a two-hundred day moving average price of $29.61.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter. The firm had revenue of $19.69 million during the quarter. Hawthorn Bancshares had a return on equity of 13.79% and a net margin of 18.88%.

Hawthorn Bancshares Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.8%. Hawthorn Bancshares's dividend payout ratio (DPR) is presently 29.09%.

Hawthorn Bancshares announced that its Board of Directors has authorized a share repurchase program on Thursday, June 5th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Trading of Hawthorn Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in HWBK. Renaissance Technologies LLC lifted its position in shares of Hawthorn Bancshares by 11.9% in the fourth quarter. Renaissance Technologies LLC now owns 28,243 shares of the financial services provider's stock worth $801,000 after buying an additional 3,000 shares during the last quarter. Barclays PLC lifted its position in shares of 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 buying an additional 324 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of 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 worth $2,305,000 after buying an additional 50,429 shares during the last quarter. Northern Trust Corp lifted its position in shares of 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 buying an additional 1,101 shares during the last quarter. Finally, Rhino Investment Partners Inc acquired a new stake in shares of Hawthorn Bancshares in the fourth quarter worth about $2,046,000. Institutional investors and hedge funds 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.