Hawthorn Bancshares, Inc. to Issue Quarterly Dividend of $0.07 (HWBK)
Hawthorn Bancshares, Inc. (NASDAQ:HWBK) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.07 per share by the financial services provider on Sunday, October 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of Hawthorn Bancshares (NASDAQ:HWBK) traded down 0.24% during mid-day trading on Thursday, reaching $20.65. The company had a trading volume of 4,181 shares. The stock has a market capitalization of $120.55 million, a P/E ratio of 15.28 and a beta of 0.20. The firm has a 50 day moving average of $20.56 and a 200-day moving average of $20.13. Hawthorn Bancshares has a one year low of $13.85 and a one year high of $23.25.
Hawthorn Bancshares (NASDAQ:HWBK) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. Hawthorn Bancshares had a return on equity of 8.55% and a net margin of 13.77%. The business had revenue of $12.92 million during the quarter.
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A number of research firms have recently weighed in on HWBK. TheStreet lowered Hawthorn Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, June 19th. ValuEngine raised Hawthorn Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Hawthorn Bancshares declared that its board has authorized a share repurchase program on Wednesday, August 9th that allows the company to repurchase $1.50 million in shares. This repurchase authorization allows the financial services provider to reacquire up to 1.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Hawthorn Bancshares Company Profile
Hawthorn Bancshares, Inc is a bank holding company. Its activities are limited to ownership, indirectly through its subsidiary, Union State Bancshares, Inc (Union), of the outstanding capital stock of Hawthorn Bank. Hawthorn Bank is a full service bank conducting a general banking and trust business, offering its customers checking and savings accounts, Internet banking, debit cards, certificates of deposit, trust services, brokerage services, safety deposit boxes and a range of lending services.
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