Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) declared that its Board of Directors has initiated a share repurchase program on Thursday, June 5th, RTT News reports. The company plans to repurchase $10.00 million in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Hawthorn Bancshares from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th.
Check Out Our Latest Report on Hawthorn Bancshares
Hawthorn Bancshares Price Performance
NASDAQ HWBK traded up $0.55 on Friday, reaching $29.72. 32,660 shares of the stock traded hands, compared to its average volume of 10,289. The firm's fifty day simple moving average is $28.98 and its 200 day simple moving average is $30.09. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.00. The company has a market cap of $206.46 million, a price-to-earnings ratio of 11.39 and a beta of 0.57. Hawthorn Bancshares has a 12 month low of $19.30 and a 12 month high of $35.95.
Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $18.76 million during the quarter. Hawthorn Bancshares had a return on equity of 13.00% and a net margin of 16.65%.
Hawthorn Bancshares Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 15th will be paid a dividend of $0.20 per share. This is a positive change from Hawthorn Bancshares's previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, June 13th. Hawthorn Bancshares's dividend payout ratio (DPR) is presently 29.09%.
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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