Hawthorn Bancshares (NASDAQ:HWBK) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Hawthorn Bancshares (NASDAQ:HWBK) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Hawthorn Bancshares Stock Performance

Shares of Hawthorn Bancshares stock opened at $30.60 on Wednesday. Hawthorn Bancshares has a 1 year low of $17.86 and a 1 year high of $34.00. The firm’s 50-day moving average is $25.76 and its 200 day moving average is $22.50. The stock has a market cap of $213.80 million, a price-to-earnings ratio of 34.00 and a beta of 0.53. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.01 and a quick ratio of 1.01.

Hawthorn Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, December 13th. Hawthorn Bancshares’s payout ratio is 84.44%.

Insider Buying and Selling

In other Hawthorn Bancshares news, Director Jonathan Holtaway sold 5,053 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $28.57, for a total transaction of $144,364.21. Following the transaction, the director now owns 402,460 shares in the company, valued at approximately $11,498,282.20. This represents a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HWBK. Vanguard Group Inc. raised its stake in Hawthorn Bancshares by 4.8% during the 1st 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 last quarter. Alexander Labrunerie & CO. Inc. purchased a new stake in Hawthorn Bancshares in the 1st quarter worth $381,000. Renaissance Technologies LLC raised its stake in Hawthorn Bancshares by 36.5% during the 2nd 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. Empowered Funds LLC raised its position in shares of Hawthorn Bancshares by 5.2% during the third quarter. Empowered Funds LLC now owns 27,169 shares of the financial services provider’s stock valued at $680,000 after buying an additional 1,340 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Hawthorn Bancshares by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 68,657 shares of the financial services provider’s stock worth $1,719,000 after purchasing an additional 6,955 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.