Bowling Portfolio Management LLC acquired a new stake in Hawthorn Bancshares, Inc. (NASDAQ:HWBK) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 45,794 shares of the financial services provider’s stock, valued at approximately $1,091,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Hawthorn Bancshares in the second quarter valued at approximately $658,000. JPMorgan Chase & Co. lifted its position in Hawthorn Bancshares by 66.6% during the second quarter. JPMorgan Chase & Co. now owns 1,554 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 621 shares during the last quarter. Atria Investments LLC bought a new stake in Hawthorn Bancshares during the second quarter valued at approximately $265,000. Price T Rowe Associates Inc. MD lifted its position in Hawthorn Bancshares by 4.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 16,815 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 750 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Hawthorn Bancshares by 19.8% during the second quarter. Wells Fargo & Company MN now owns 7,011 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors own 33.32% of the company’s stock.
Separately, ValuEngine lowered shares of Hawthorn Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.
In related news, Director Frank E. Burkhead bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $21.71 per share, for a total transaction of $43,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.60% of the company’s stock.
Shares of Hawthorn Bancshares stock opened at $23.81 on Thursday. Hawthorn Bancshares, Inc. has a 1 year low of $20.05 and a 1 year high of $28.62. The firm has a market cap of $148.87 million, a PE ratio of 12.14 and a beta of 0.22. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50 day simple moving average of $23.23 and a two-hundred day simple moving average of $24.55.
Hawthorn Bancshares (NASDAQ:HWBK) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. Hawthorn Bancshares had a net margin of 19.58% and a return on equity of 12.01%. The business had revenue of $14.28 million during the quarter.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.48 annualized dividend and a yield of 2.02%.
Hawthorn Bancshares Company Profile
Hawthorn Bancshares, Inc operates as the bank holding company for Hawthorn Bank that provides various banking services in Missouri. The company offers checking and savings accounts, and certificates of deposit; and a range of lending services, including commercial and industrial, single payment personal, installment, and commercial and residential real estate loans.
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