Hawthorn Bancshares (NASDAQ:HWBK) Issues Earnings Results

Hawthorn Bancshares (NASDAQ:HWBK) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, Zacks reports. Hawthorn Bancshares had a return on equity of 15.01% and a net margin of 22.14%.

Hawthorn Bancshares Price Performance

Shares of NASDAQ HWBK traded down $0.20 during midday trading on Wednesday, reaching $38.70. 17,804 shares of the company traded hands, compared to its average volume of 9,566. The firm has a market cap of $266.91 million, a PE ratio of 10.63 and a beta of 0.44. The stock’s 50-day simple moving average is $37.70 and its 200-day simple moving average is $35.29. Hawthorn Bancshares has a 12 month low of $28.10 and a 12 month high of $40.36. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.02 and a current ratio of 1.02.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen downgraded Hawthorn Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded Hawthorn Bancshares from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Hawthorn Bancshares presently has an average rating of “Buy”.

Institutional Investors Weigh In On Hawthorn Bancshares

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in Hawthorn Bancshares in the second quarter worth $25,000. Kestra Advisory Services LLC acquired a new position in Hawthorn Bancshares in the fourth quarter valued at approximately $50,000. Bank of America Corp DE boosted its position in shares of Hawthorn Bancshares by 3,777.6% in the 2nd quarter. Bank of America Corp DE now owns 2,598 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,531 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Hawthorn Bancshares by 1,725.8% during 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Hawthorn Bancshares during the 2nd quarter worth approximately $93,000. Institutional investors own 30.73% of the company’s stock.

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.