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

StockNews.com assumed coverage on shares of Hawthorn Bancshares (NASDAQ:HWBK) in a report released on Thursday morning. The brokerage issued a buy rating on the financial services provider’s stock.

Hawthorn Bancshares Trading Down 2.3 %

Hawthorn Bancshares stock traded down $0.50 during midday trading on Thursday, reaching $21.17. 1,334 shares of the stock traded hands, compared to its average volume of 11,606. The firm has a market cap of $148.23 million, a PE ratio of 70.57 and a beta of 0.56. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.16. The company has a 50-day simple moving average of $20.34 and a two-hundred day simple moving average of $20.72. Hawthorn Bancshares has a 12-month low of $15.02 and a 12-month high of $26.00.

Hawthorn Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, September 13th. Hawthorn Bancshares’s payout ratio is currently 253.33%.

Institutional Trading of Hawthorn Bancshares

Several hedge funds have recently modified their holdings of HWBK. Eagle Bluffs Wealth Management LLC acquired a new stake in Hawthorn Bancshares in the first quarter valued at approximately $240,000. Alexander Labrunerie & CO. Inc. purchased a new stake in shares of Hawthorn Bancshares in the 1st quarter valued at approximately $381,000. Empowered Funds LLC raised its holdings in shares of Hawthorn Bancshares by 7.9% in the 1st quarter. Empowered Funds LLC now owns 24,029 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 1,750 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Hawthorn Bancshares by 36.5% during the 2nd quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 12,800 shares in the last quarter. 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.