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

Equities research analysts at StockNews.com assumed coverage on shares of Hawthorn Bancshares (NASDAQ:HWBK) in a report released on Tuesday. The firm set a “buy” rating on the financial services provider’s stock.

Hawthorn Bancshares Price Performance

Shares of NASDAQ HWBK opened at $24.10 on Tuesday. Hawthorn Bancshares has a 1 year low of $15.02 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50-day moving average is $21.90 and its 200 day moving average is $20.59. The stock has a market capitalization of $168.75 million, a P/E ratio of 80.33 and a beta of 0.55.

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

Institutional Investors Weigh In On Hawthorn Bancshares

Hedge funds have recently bought and sold shares of the business. Alexander Labrunerie & CO. Inc. bought a new stake in Hawthorn Bancshares during the first quarter worth about $381,000. Empowered Funds LLC boosted 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 worth $491,000 after acquiring an additional 1,750 shares in the last quarter. Renaissance Technologies LLC boosted its stake 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 acquiring an additional 6,700 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Hawthorn Bancshares by 4.8% during the first quarter. Vanguard Group Inc. now owns 278,318 shares of the financial services provider’s stock worth $5,686,000 after acquiring an additional 12,800 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.

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.