Hawthorn Bancshares (NASDAQ:HWBK) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Hawthorn Bancshares, Inc. (NASDAQ:HWBK) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $34.83 and traded as high as $36.22. Hawthorn Bancshares shares last traded at $34.80, with a volume of 11,038 shares changing hands.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Hawthorn Bancshares in a research note on Friday, March 27th. Wall Street Zen lowered shares of Hawthorn Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hawthorn Bancshares Trading Up 2.9%

The firm has a market cap of $251.23 million, a price-to-earnings ratio of 10.00 and a beta of 0.45. The company’s 50-day moving average price is $34.96 and its 200-day moving average price is $34.09. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.82.

Hawthorn Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.3%. Hawthorn Bancshares’s dividend payout ratio is presently 23.08%.

Institutional Trading of Hawthorn Bancshares

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in Hawthorn Bancshares in the 2nd quarter valued at $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Hawthorn Bancshares in the fourth quarter valued at about $50,000. Bank of America Corp DE raised its position in shares of Hawthorn Bancshares by 3,777.6% in the second quarter. Bank of America Corp DE now owns 2,598 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,531 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hawthorn Bancshares by 1,725.8% in the second quarter. JPMorgan Chase & Co. now owns 2,757 shares of the financial services provider’s stock worth $80,000 after buying an additional 2,606 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Hawthorn Bancshares in the second quarter worth about $93,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Hawthorn Bancshares Company Profile

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.