Hawthorn Bancshares, Inc. (NASDAQ:HWBK) Declares Dividend Increase - $0.19 Per Share

Hawthorn Bancshares, Inc. (NASDAQ:HWBK - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Shareholders of record on Saturday, June 15th will be paid a dividend of 0.19 per share by the financial services provider on Monday, July 1st. This represents a $0.76 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Hawthorn Bancshares's previous quarterly dividend of $0.17.

Hawthorn Bancshares has raised its dividend by an average of 16.0% annually over the last three years and has raised its dividend every year for the last 8 years.

Hawthorn Bancshares Stock Performance

Hawthorn Bancshares stock traded down $0.08 during mid-day trading on Thursday, reaching $18.89. The company had a trading volume of 13,519 shares, compared to its average volume of 16,773. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.15. Hawthorn Bancshares has a 52 week low of $15.02 and a 52 week high of $26.00. The company has a 50 day moving average of $20.70 and a 200-day moving average of $21.41. The firm has a market cap of $132.61 million, a price-to-earnings ratio of 143.61 and a beta of 0.46.

Hawthorn Bancshares (NASDAQ:HWBK - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported ($1.05) EPS for the quarter. Hawthorn Bancshares had a return on equity of 0.75% and a net margin of 0.96%. The business had revenue of $18.00 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hawthorn Bancshares from a "sell" rating to a "hold" rating in a research report on Tuesday.

Insider Activity

In other Hawthorn Bancshares news, Director Douglas Todd Eden bought 7,000 shares of the firm's stock in a transaction dated Friday, February 16th. The shares were acquired at an average cost of $22.32 per share, for a total transaction of $156,240.00. Following the transaction, the director now owns 80,000 shares in the company, valued at $1,785,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jonathan L. States purchased 1,200 shares of Hawthorn Bancshares stock in a transaction on Thursday, February 29th. The shares were purchased at an average cost of $21.57 per share, for a total transaction of $25,884.00. Following the completion of the transaction, the director now directly owns 3,255 shares in the company, valued at $70,210.35. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Douglas Todd Eden purchased 7,000 shares of Hawthorn Bancshares stock in a transaction on Friday, February 16th. The stock was purchased at an average price of $22.32 per share, for a total transaction of $156,240.00. Following the completion of the transaction, the director now owns 80,000 shares of the company's stock, valued at $1,785,600. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 20,400 shares of company stock worth $426,846. Corporate insiders own 12.60% 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.