StockNews.com Upgrades Hawthorn Bancshares (NASDAQ:HWBK) to Buy

StockNews.com upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a hold rating to a buy rating in a report published on Tuesday.

Hawthorn Bancshares Trading Down 2.7 %

Shares of Hawthorn Bancshares stock traded down $0.78 during midday trading on Tuesday, reaching $27.85. The company had a trading volume of 754 shares, compared to its average volume of 11,095. The stock has a fifty day moving average price of $25.15 and a 200 day moving average price of $22.12. Hawthorn Bancshares has a fifty-two week low of $17.86 and a fifty-two week high of $29.66. The firm has a market cap of $194.67 million, a PE ratio of 31.81 and a beta of 0.53. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 1.01.

Hawthorn Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.73%. Hawthorn Bancshares’s payout ratio is presently 84.44%.

Institutional Trading of Hawthorn Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its holdings in shares of Hawthorn Bancshares by 5.2% in the third quarter. Empowered Funds LLC now owns 27,169 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 1,340 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Hawthorn Bancshares by 36.5% during the 2nd quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock worth $496,000 after buying an additional 6,700 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hawthorn Bancshares by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 278,318 shares of the financial services provider’s stock worth $5,686,000 after buying an additional 12,800 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. bought a new stake in Hawthorn Bancshares during the first quarter worth $381,000. Institutional investors 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.