Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $29.21 and traded as high as $29.86. Hawthorn Bancshares shares last traded at $29.13, with a volume of 9,946 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen cut Hawthorn Bancshares from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th.
Check Out Our Latest Research Report on HWBK
Hawthorn Bancshares Price Performance
The business has a fifty day moving average price of $29.20 and a 200-day moving average price of $29.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $201.97 million, a PE ratio of 10.60 and a beta of 0.56.
Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last issued its earnings results 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 company had revenue of $18.76 million during the quarter.
Hawthorn Bancshares Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Sunday, June 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, June 13th. This is a positive change from Hawthorn Bancshares's previous quarterly dividend of $0.19. Hawthorn Bancshares's dividend payout ratio (DPR) is 29.09%.
Hawthorn Bancshares announced that its board has approved a share buyback program on Thursday, June 5th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the financial services provider to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On Hawthorn Bancshares
Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in Hawthorn Bancshares by 11.9% during the fourth quarter. Renaissance Technologies LLC now owns 28,243 shares of the financial services provider's stock worth $801,000 after acquiring an additional 3,000 shares during the last quarter. Barclays PLC boosted its holdings 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 valued at $30,000 after purchasing an additional 324 shares during the period. Susquehanna International Group LLP boosted its holdings 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 valued at $2,305,000 after purchasing an additional 50,429 shares during the period. Northern Trust Corp boosted its holdings 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 valued at $421,000 after purchasing an additional 1,101 shares during the period. Finally, Rhino Investment Partners Inc purchased a new stake in Hawthorn Bancshares during the fourth quarter worth $2,046,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.
Hawthorn Bancshares Company Profile
(
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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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