Hawthorn Bancshares (NASDAQ:HWBK) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Hawthorn Bancshares stock has dropped below its 200-day moving average of $29.60, with recent trading at $28.62, raising concerns about its performance.
• Analysts have downgraded the stock from a "buy" to a "hold" rating, suggesting caution for potential investors.
• The company announced a quarterly dividend of $0.20 per share, representing a 2.8% yield, alongside an authorized share repurchase plan of $10 million, indicating a belief in the stock’s undervalued status.

Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.60 and traded as low as $28.43. Hawthorn Bancshares shares last traded at $28.62, with a volume of 14,705 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Hawthorn Bancshares from a "buy" rating to a "hold" rating in a report on Thursday, April 10th.

Hawthorn Bancshares Stock Up 0.6%

The firm's 50 day simple moving average is $28.90 and its 200-day simple moving average is $29.60. The company has a market capitalization of $198.34 million, a price-to-earnings ratio of 9.64 and a beta of 0.63. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.13.

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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Hawthorn Bancshares's dividend payout ratio is presently 26.94%.

Hawthorn Bancshares announced that its board has approved a share repurchase plan on Thursday, June 5th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of Hawthorn Bancshares

A number of large investors have recently made changes to their positions in HWBK. Rhino Investment Partners Inc acquired a new stake in shares of Hawthorn Bancshares during the fourth quarter valued at $2,046,000. Susquehanna International Group LLP boosted its stake in shares of Hawthorn Bancshares by 163.3% during 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 acquiring an additional 50,429 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Hawthorn Bancshares during the first quarter valued at $457,000. Goldman Sachs Group Inc. boosted its stake in shares of Hawthorn Bancshares by 150.7% during the first quarter. Goldman Sachs Group Inc. now owns 20,460 shares of the financial services provider's stock valued at $578,000 after acquiring an additional 12,299 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in shares of Hawthorn Bancshares during the fourth quarter valued at $320,000. 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.

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