Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) declared that its board has authorized a stock buyback plan on Thursday, June 5th, RTT News reports. The company plans to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.
Hawthorn Bancshares Trading Down 2.1%
Hawthorn Bancshares stock traded down $0.61 during mid-day trading on Monday, hitting $29.11. The company's stock had a trading volume of 14,331 shares, compared to its average volume of 10,322. The company has a 50 day moving average of $29.00 and a 200-day moving average of $30.07. The stock has a market cap of $202.23 million, a PE ratio of 11.15 and a beta of 0.57. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.01 and a current ratio of 1.01. Hawthorn Bancshares has a one year low of $19.50 and a one year high of $35.95.
Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.77 earnings per share for the quarter. The company had revenue of $18.76 million for the quarter. Hawthorn Bancshares had a return on equity of 13.00% and a net margin of 16.65%.
Hawthorn Bancshares Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 13th. 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 2.75%. Hawthorn Bancshares's dividend payout ratio (DPR) is currently 29.09%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Hawthorn Bancshares from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th.
Check Out Our Latest Stock Analysis on Hawthorn Bancshares
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.
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