Hawthorn Bancshares (NASDAQ:HWBK) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Hawthorn Bancshares Trading Up 3.8 %

Shares of NASDAQ:HWBK opened at $32.75 on Thursday. The firm has a fifty day moving average of $26.46 and a two-hundred day moving average of $22.91. The firm has a market capitalization of $228.92 million, a P/E ratio of 36.39 and a beta of 0.53. Hawthorn Bancshares has a 12-month low of $17.86 and a 12-month high of $34.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.00.

Hawthorn Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 15th will be issued 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 2.32%. Hawthorn Bancshares’s dividend payout ratio is currently 84.44%.

Insider Activity

In other news, Director Jonathan Holtaway sold 5,053 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $28.57, for a total transaction of $144,364.21. Following the transaction, the director now owns 402,460 shares in the company, valued at approximately $11,498,282.20. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC raised its holdings in shares of Hawthorn Bancshares by 5.2% during the 3rd 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 raised its holdings in Hawthorn Bancshares by 36.5% in the 2nd quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock worth $496,000 after acquiring an additional 6,700 shares during the period. Geode Capital Management LLC raised its holdings in Hawthorn Bancshares by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 68,657 shares of the financial services provider’s stock worth $1,719,000 after acquiring an additional 6,955 shares during the period. Finally, Vanguard Group Inc. raised its holdings in 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 acquiring an additional 12,800 shares during the period. Institutional investors own 30.73% of the company’s stock.

About Hawthorn Bancshares

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.