StockNews.com Initiates Coverage on Hawthorn Bancshares (NASDAQ:HWBK)

StockNews.com started coverage on shares of Hawthorn Bancshares (NASDAQ:HWBK) in a research note published on Tuesday. The brokerage issued a buy rating on the financial services provider’s stock.

Hawthorn Bancshares Stock Performance

Shares of HWBK opened at $25.20 on Tuesday. The company has a market capitalization of $176.45 million, a PE ratio of 84.00 and a beta of 0.55. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 1.01. Hawthorn Bancshares has a one year low of $15.02 and a one year high of $26.09. The company’s fifty day moving average price is $22.35 and its 200 day moving average price is $20.73.

Hawthorn Bancshares (NASDAQ:HWBK) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.66 EPS for the quarter. Hawthorn Bancshares had a return on equity of 3.19% and a net margin of 3.96%. The business had revenue of $18.17 million for the quarter.

Hawthorn Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.76 annualized dividend and a dividend yield of 3.02%. Hawthorn Bancshares’s dividend payout ratio is 253.33%.

Hedge Funds Weigh In On Hawthorn Bancshares

Several large investors have recently bought and sold shares of HWBK. Alexander Labrunerie & CO. Inc. acquired a new stake in Hawthorn Bancshares in the 1st quarter worth $381,000. Vanguard Group Inc. lifted its stake in shares of Hawthorn Bancshares by 4.8% in the first quarter. Vanguard Group Inc. now owns 278,318 shares of the financial services provider’s stock valued at $5,686,000 after buying an additional 12,800 shares during the period. Renaissance Technologies LLC grew its position in Hawthorn Bancshares by 36.5% during the second quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock worth $496,000 after buying an additional 6,700 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Hawthorn Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 24,029 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 1,750 shares during the period. 30.73% of the stock is currently owned by institutional investors and hedge funds.

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.