Hawthorn Bancshares (NASDAQ:HWBK) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a hold rating to a buy rating in a research note released on Saturday morning.

Separately, Weiss Ratings upgraded Hawthorn Bancshares from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hawthorn Bancshares has a consensus rating of “Buy”.

Hawthorn Bancshares Trading Down 0.6%

Shares of HWBK stock opened at $39.90 on Friday. Hawthorn Bancshares has a 12-month low of $29.39 and a 12-month high of $40.60. The company has a market capitalization of $275.35 million, a PE ratio of 10.45 and a beta of 0.45. The firm has a 50 day moving average price of $38.66 and a two-hundred day moving average price of $35.94. The company has a quick ratio of 1.02, a current ratio of 0.97 and a debt-to-equity ratio of 0.43.

Hawthorn Bancshares (NASDAQ:HWBK) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.06 EPS for the quarter. The company had revenue of $22.91 million for the quarter. Hawthorn Bancshares had a return on equity of 15.15% and a net margin of 22.77%.

Hawthorn Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 15th. Hawthorn Bancshares’s dividend payout ratio is presently 21.99%.

Institutional Investors Weigh In On Hawthorn Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ategra Capital Management LLC bought a new stake in shares of Hawthorn Bancshares in the second quarter valued at approximately $13,456,000. BlackRock Inc. bought a new position in Hawthorn Bancshares during the 2nd quarter worth $13,176,000. Dimensional Fund Advisors LP raised its holdings in Hawthorn Bancshares by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 158,332 shares of the financial services provider’s stock valued at $5,335,000 after acquiring an additional 2,419 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hawthorn Bancshares by 101.3% in the 2nd quarter. Geode Capital Management LLC now owns 143,777 shares of the financial services provider’s stock valued at $4,191,000 after acquiring an additional 72,343 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Hawthorn Bancshares by 6.6% during the 4th quarter. State Street Corp now owns 78,650 shares of the financial services provider’s stock valued at $2,758,000 after acquiring an additional 4,871 shares during the period. 30.73% of the stock is currently owned by institutional investors and hedge funds.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc is the bank holding company for Hawthorn Bank, a community-focused financial institution headquartered in Aurora, Missouri. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, agricultural enterprises and commercial clients across southwest Missouri and select markets in nearby states. Hawthorn Bank operates a network of full-service branches and digital banking platforms designed to meet the evolving needs of its customers.

The company’s core offerings include deposit products such as checking, savings and money market accounts, as well as consumer lending solutions comprising residential mortgages, home equity lines of credit, auto loans and personal loans.