Wall Street Zen Upgrades Hawthorn Bancshares (NASDAQ:HWBK) to “Buy”

Hawthorn Bancshares (NASDAQ:HWBK) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Hawthorn Bancshares in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Hawthorn Bancshares Price Performance

HWBK stock opened at $38.13 on Friday. The firm has a 50 day moving average price of $38.90 and a 200-day moving average price of $37.55. Hawthorn Bancshares has a 52-week low of $29.39 and a 52-week high of $40.60. The firm has a market capitalization of $263.10 million, a price-to-earnings ratio of 9.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.97 and a current ratio of 0.97.

Hawthorn Bancshares (NASDAQ:HWBK) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.06 EPS for the quarter. The firm had revenue of $22.91 million for the quarter. Hawthorn Bancshares had a return on equity of 15.15% and a net margin of 22.77%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Ategra Capital Management LLC bought a new position in shares of Hawthorn Bancshares in the second quarter worth approximately $13,456,000. BlackRock Inc. purchased a new stake in shares of Hawthorn Bancshares during the second quarter valued at approximately $13,176,000. Dimensional Fund Advisors LP increased its position in shares of Hawthorn Bancshares by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 158,332 shares of the financial services provider’s stock valued at $5,335,000 after acquiring an additional 2,419 shares in the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Hawthorn Bancshares during the second quarter valued at approximately $1,811,000. Finally, Empowered Funds LLC purchased a new position in Hawthorn Bancshares in the 2nd quarter worth approximately $1,284,000. 30.73% of the stock is owned by hedge funds and other institutional investors.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its subsidiary, Hawthorn Bank, the company provides a range of banking services to individuals, families, businesses and public-sector organizations.

Hawthorn Bank offers deposit products, personal and commercial lending, mortgage services, cash-management solutions, online and mobile banking, and other financial services. Its lending activities include consumer, residential real estate, commercial real estate and business loans.

The bank serves communities primarily throughout central Missouri, with locations in markets including Jefferson City, Columbia and surrounding areas.