Hawthorn Bancshares (NASDAQ:HWBK) Shares Cross Above 50 Day Moving Average - Here's What Happened

Shares of Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $28.91 and traded as high as $30.87. Hawthorn Bancshares shares last traded at $30.49, with a volume of 7,199 shares traded.

Hawthorn Bancshares Stock Performance

The company has a 50-day moving average price of $28.94 and a two-hundred day moving average price of $29.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $206.14 million, a P/E ratio of 10.05 and a beta of 0.63.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.88 earnings per share for the quarter. Hawthorn Bancshares had a return on equity of 13.63% and a net margin of 18.88%. The firm had revenue of $19.69 million during the quarter.

Hawthorn Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, September 15th. This represents a $0.80 annualized dividend and a yield of 2.7%. Hawthorn Bancshares's payout ratio is 26.94%.

Hawthorn Bancshares declared that its board has authorized a stock repurchase program on Thursday, June 5th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 4.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in shares of Hawthorn Bancshares by 101.3% in the 2nd quarter. Geode Capital Management LLC now owns 143,777 shares of the financial services provider's stock worth $4,191,000 after purchasing an additional 72,343 shares during the period. Susquehanna International Group LLP raised its holdings in shares of Hawthorn Bancshares by 163.3% in the 4th quarter. Susquehanna International Group LLP now owns 81,309 shares of the financial services provider's stock worth $2,305,000 after purchasing an additional 50,429 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Hawthorn Bancshares by 0.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 73,604 shares of the financial services provider's stock worth $2,145,000 after purchasing an additional 421 shares during the period. Rhino Investment Partners Inc bought a new stake in shares of Hawthorn Bancshares in the 4th quarter worth approximately $2,046,000. Finally, Empowered Funds LLC raised its holdings in shares of 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 during the period. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

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.