Hawthorn Bancshares, Inc. (NASDAQ:HWBK) Sees Large Increase in Short Interest

Hawthorn Bancshares, Inc. (NASDAQ:HWBK) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 117,800 shares, an increase of 14.5% from the September 30th total of 102,900 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is currently 25.1 days. Approximately 1.9% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Hawthorn Bancshares in a research note on Sunday. They issued a “buy” rating on the stock.

Hawthorn Bancshares Trading Up 1.4 %

HWBK stock traded up $0.40 during midday trading on Thursday, hitting $28.50. The stock had a trading volume of 3,404 shares, compared to its average volume of 10,792. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average price of $23.97 and a two-hundred day moving average price of $21.45. Hawthorn Bancshares has a 1-year low of $16.69 and a 1-year high of $29.66. The firm has a market cap of $199.56 million, a P/E ratio of 93.67 and a beta of 0.55.

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

Hedge Funds Weigh In On Hawthorn Bancshares

A number of hedge funds have recently added to or reduced their stakes in HWBK. Alexander Labrunerie & CO. Inc. purchased a new position in Hawthorn Bancshares during the 1st quarter worth $381,000. Empowered Funds LLC boosted its holdings 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 purchasing an additional 1,750 shares during the last quarter. Renaissance Technologies LLC grew its position in Hawthorn Bancshares by 36.5% in 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 in the last quarter. Finally, Vanguard Group Inc. increased its stake in Hawthorn Bancshares by 4.8% in 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. Institutional investors and hedge funds 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.