Hawthorn Bancshares (NASDAQ:HWBK) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Hawthorn Bancshares (NASDAQ:HWBK) in a research note issued to investors on Friday morning. The firm issued a buy rating on the financial services provider’s stock.

Hawthorn Bancshares Trading Down 3.4 %

Shares of Hawthorn Bancshares stock opened at $23.40 on Friday. The stock has a market cap of $163.85 million, a P/E ratio of 78.00 and a beta of 0.55. The stock’s 50 day simple moving average is $23.18 and its 200-day simple moving average is $21.14. Hawthorn Bancshares has a 1-year low of $15.02 and a 1-year high of $26.09. 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 (NASDAQ:HWBK) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.66 earnings per share for the quarter. The business had revenue of $18.17 million for the quarter. Hawthorn Bancshares had a return on equity of 3.19% and a net margin of 3.96%.

Hawthorn Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, September 13th. Hawthorn Bancshares’s payout ratio is presently 253.33%.

Institutional Trading of Hawthorn Bancshares

Several institutional investors have recently made changes to their positions in HWBK. Empowered Funds LLC raised its position in shares of Hawthorn Bancshares by 7.9% during the 1st quarter. Empowered Funds LLC now owns 24,029 shares of the financial services provider’s stock valued at $491,000 after buying an additional 1,750 shares during the period. Vanguard Group Inc. raised its position in 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 purchasing an additional 12,800 shares during the period. Alexander Labrunerie & CO. Inc. purchased a new stake in Hawthorn Bancshares in the first quarter valued at approximately $381,000. Finally, Renaissance Technologies LLC raised its position in Hawthorn Bancshares by 36.5% in the second quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 6,700 shares during the period. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Hawthorn Bancshares Company Profile

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.