Hawthorn Bancshares (NASDAQ:HWBK) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Hawthorn Bancshares, Inc. (NASDAQ:HWBK)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.62 and traded as low as $32.45. Hawthorn Bancshares shares last traded at $32.54, with a volume of 11,011 shares trading hands.

Analysts Set New Price Targets

HWBK has been the topic of several recent research reports. Wall Street Zen upgraded shares of Hawthorn Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings restated a “hold (c)” rating on shares of Hawthorn Bancshares in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Hawthorn Bancshares Stock Performance

The business’s 50-day moving average price is $33.72 and its 200-day moving average price is $32.62. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.87. The stock has a market cap of $227.63 million, a PE ratio of 9.62 and a beta of 0.50.

Hawthorn Bancshares (NASDAQ:HWBK) last posted its earnings results on Wednesday, January 28th. The financial services provider reported $0.90 EPS for the quarter. The company had revenue of $21.18 million during the quarter. Hawthorn Bancshares had a net margin of 21.26% and a return on equity of 14.66%.

Hawthorn Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Sunday, March 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, March 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.5%. This is a boost from Hawthorn Bancshares’s previous quarterly dividend of $0.20. Hawthorn Bancshares’s dividend payout ratio (DPR) is currently 24.49%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new position in Hawthorn Bancshares during the 4th quarter valued at about $225,000. Creative Planning acquired a new stake in Hawthorn Bancshares in the third quarter worth about $206,000. Deutsche Bank AG grew its stake in shares of Hawthorn Bancshares by 16.8% during the fourth quarter. Deutsche Bank AG now owns 4,665 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 670 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Hawthorn Bancshares during the second quarter worth about $108,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Hawthorn Bancshares during the second quarter valued at about $93,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc is the bank holding company for Hawthorn Bank, a community-focused financial institution headquartered in Aurora, Missouri. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, agricultural enterprises and commercial clients across southwest Missouri and select markets in nearby states. Hawthorn Bank operates a network of full-service branches and digital banking platforms designed to meet the evolving needs of its customers.

The company’s core offerings include deposit products such as checking, savings and money market accounts, as well as consumer lending solutions comprising residential mortgages, home equity lines of credit, auto loans and personal loans.