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

StockNews.com lowered shares of Hawthorn Bancshares (NASDAQ:HWBK) from a buy rating to a hold rating in a research report released on Friday.

Hawthorn Bancshares Stock Down 1.4 %

Shares of Hawthorn Bancshares stock opened at $29.46 on Friday. The company has a market cap of $205.84 million, a price-to-earnings ratio of 32.73 and a beta of 0.58. The company’s 50 day moving average is $29.88 and its 200 day moving average is $25.02. Hawthorn Bancshares has a twelve month low of $17.86 and a twelve month high of $34.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.00.

Hawthorn Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Sunday, December 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.76 dividend on an annualized basis and a yield of 2.58%. Hawthorn Bancshares’s dividend payout ratio (DPR) is 84.44%.

Insider Activity at Hawthorn Bancshares

In other Hawthorn Bancshares news, Director Frank E. Burkhead sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.87, for a total value of $95,610.00. Following the transaction, the director now directly owns 11,477 shares in the company, valued at approximately $365,771.99. This trade represents a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Holtaway sold 1,015 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $32.25, for a total transaction of $32,733.75. Following the completion of the transaction, the director now owns 390,004 shares in the company, valued at $12,577,629. The trade was a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,457 shares of company stock worth $285,175 over the last quarter. Company insiders own 23.40% of the company’s stock.

Institutional Trading of Hawthorn Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC raised its position in shares of Hawthorn Bancshares by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 27,169 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 1,340 shares during the period. Renaissance Technologies LLC raised 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 valued at $496,000 after purchasing an additional 6,700 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Hawthorn Bancshares by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 68,657 shares of the financial services provider’s stock valued at $1,719,000 after purchasing an additional 6,955 shares during the period. 30.73% of the stock is currently owned by 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.