Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report) shares crossed 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.
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.
Check Out Our Latest Analysis on Hawthorn Bancshares
Hawthorn Bancshares Stock Performance
The firm has a fifty day simple moving average of $29.21 and a 200 day simple moving average of $29.68. 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 cap of $201.87 million, a price-to-earnings ratio of 10.59 and a beta of 0.56.
Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.77 EPS for the quarter. The firm had revenue of $18.76 million during the quarter. Hawthorn Bancshares had a return on equity of 13.06% and a net margin of 17.52%.
Hawthorn Bancshares Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th were issued 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 dividend on an annualized basis and a dividend yield of 2.75%. Hawthorn Bancshares's dividend payout ratio is presently 29.09%.
Hawthorn Bancshares declared that its Board of Directors has initiated a share buyback 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 purchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.
Institutional Investors Weigh In On Hawthorn Bancshares
Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 in the last quarter. Citadel Advisors LLC acquired a new stake in Hawthorn Bancshares during the 4th quarter valued at $218,000. 683 Capital Management LLC acquired a new stake in Hawthorn Bancshares during the 4th quarter valued at $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 in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Hawthorn Bancshares during the 1st quarter valued at $457,000. 30.73% of the stock is owned by institutional investors and hedge funds.
About Hawthorn Bancshares
(
Get Free Report)
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.
Further Reading
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