Hawthorn Bancshares (NASDAQ:HWBK) Share Price Passes Above 50-Day Moving Average - Here's Why

Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 Upgrades and Downgrades

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 Performance

The firm has a market cap of $200.28 million, a PE ratio of 10.51 and a beta of 0.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. The company has a 50-day simple moving average of $29.20 and a two-hundred day simple moving average of $29.68.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last released 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. Stockholders of record on Sunday, June 15th were given a $0.20 dividend. The ex-dividend date of this dividend 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 2.77%. Hawthorn Bancshares's payout ratio is 29.09%.

Hawthorn Bancshares announced that its board has initiated a stock buyback 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 buy up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Hawthorn Bancshares

Several hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Hawthorn Bancshares by 44.1% during the 4th 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. Citadel Advisors LLC purchased a new position in Hawthorn Bancshares during the 4th quarter valued at about $218,000. 683 Capital Management LLC purchased a new position in Hawthorn Bancshares during the 4th quarter valued at about $320,000. Northern Trust Corp increased its holdings in Hawthorn Bancshares by 8.0% during the 4th 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, Jane Street Group LLC purchased a new position in Hawthorn Bancshares during the 1st quarter valued at about $457,000. 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.