Hawthorn Bancshares (NASDAQ:HWBK) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a hold rating to a buy rating in a research note released on Tuesday morning.

Hawthorn Bancshares Stock Down 5.5 %

Shares of HWBK stock opened at $20.30 on Tuesday. The stock’s fifty day moving average price is $20.14 and its 200 day moving average price is $20.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 1.01. Hawthorn Bancshares has a 1-year low of $15.02 and a 1-year high of $26.00. The company has a market cap of $142.10 million, a price-to-earnings ratio of 67.67 and a beta of 0.56.

Hawthorn Bancshares Announces Dividend

The business 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 $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Friday, September 13th. Hawthorn Bancshares’s dividend payout ratio (DPR) is presently 253.33%.

Institutional Investors Weigh In On Hawthorn Bancshares

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position 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 worth $5,686,000 after buying an additional 12,800 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of 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 purchasing an additional 1,750 shares during the last quarter. Alexander Labrunerie & CO. Inc. acquired a new position in Hawthorn Bancshares during the first quarter valued at $381,000. Finally, Eagle Bluffs Wealth Management LLC purchased a new stake in Hawthorn Bancshares in the first quarter valued at $240,000. 30.73% of the stock is owned by hedge funds and other institutional investors.

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.