Hawthorn Bancshares (NASDAQ:HWBK) Issues Earnings Results

Hawthorn Bancshares (NASDAQ:HWBK) posted its earnings results on Wednesday. The financial services provider reported $1.06 earnings per share for the quarter, Zacks reports. Hawthorn Bancshares had a net margin of 22.77% and a return on equity of 15.40%. The business had revenue of $17.54 million for the quarter.

Hawthorn Bancshares Price Performance

Shares of HWBK stock traded down $0.11 during trading hours on Friday, hitting $38.54. 1,615 shares of the company’s stock were exchanged, compared to its average volume of 9,596. Hawthorn Bancshares has a 52 week low of $28.10 and a 52 week high of $40.36. The stock has a market cap of $265.92 million, a price-to-earnings ratio of 10.09 and a beta of 0.44. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50-day moving average is $37.84 and its 200-day moving average is $35.38.

Hawthorn Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 15th. Hawthorn Bancshares’s dividend payout ratio is presently 23.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Hawthorn Bancshares by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 155,913 shares of the financial services provider’s stock valued at $5,437,000 after acquiring an additional 2,725 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Hawthorn Bancshares by 101.3% in the second quarter. Geode Capital Management LLC now owns 143,777 shares of the financial services provider’s stock worth $4,191,000 after acquiring an additional 72,343 shares during the last quarter. State Street Corp lifted its position in shares of Hawthorn Bancshares by 6.6% during the fourth quarter. State Street Corp now owns 78,650 shares of the financial services provider’s stock worth $2,758,000 after purchasing an additional 4,871 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Hawthorn Bancshares by 2.8% during the third quarter. Bridgeway Capital Management LLC now owns 75,686 shares of the financial services provider’s stock valued at $2,349,000 after purchasing an additional 2,082 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Hawthorn Bancshares by 44.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 32,430 shares of the financial services provider’s stock valued at $1,131,000 after purchasing an additional 10,055 shares during the last quarter. Institutional investors and hedge funds own 30.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HWBK. Weiss Ratings raised Hawthorn Bancshares from a “hold (c)” rating to a “buy (b)” rating in a report on Wednesday, July 8th. Wall Street Zen cut Hawthorn Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hawthorn Bancshares currently has an average rating of “Buy”.

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.