Hawthorn Bancshares, Inc. (NASDAQ:HWBK) Increases Dividend to $0.19 Per Share

Hawthorn Bancshares, Inc. (NASDAQ:HWBK) declared a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Stockholders of record on Saturday, June 15th will be paid a dividend of 0.19 per share by the financial services provider on Monday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Hawthorn Bancshares’s previous quarterly dividend of $0.17.

Hawthorn Bancshares has increased its dividend by an average of 16.0% annually over the last three years and has raised its dividend annually for the last 8 consecutive years.

Hawthorn Bancshares Trading Down 0.4 %

Shares of NASDAQ:HWBK opened at $18.89 on Friday. Hawthorn Bancshares has a 12-month low of $15.02 and a 12-month high of $26.00. The business’s fifty day simple moving average is $20.70 and its 200-day simple moving average is $21.41. The company has a market capitalization of $132.61 million, a PE ratio of 62.97 and a beta of 0.46. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.15.

Hawthorn Bancshares (NASDAQ:HWBK) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported ($1.05) earnings per share for the quarter. The business had revenue of $18.00 million during the quarter. Hawthorn Bancshares had a return on equity of 1.69% and a net margin of 2.09%.

Insider Activity

In other Hawthorn Bancshares news, Director Jonathan L. States purchased 1,200 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average price of $21.57 per share, for a total transaction of $25,884.00. Following the purchase, the director now directly owns 3,255 shares in the company, valued at $70,210.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Douglas Todd Eden purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of $20.37 per share, with a total value of $101,850.00. Following the completion of the acquisition, the director now directly owns 85,000 shares in the company, valued at approximately $1,731,450. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan L. States purchased 1,200 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average cost of $21.57 per share, for a total transaction of $25,884.00. Following the acquisition, the director now owns 3,255 shares of the company’s stock, valued at $70,210.35. The disclosure for this purchase can be found here. Insiders purchased a total of 20,400 shares of company stock valued at $426,846 in the last quarter. 12.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Hawthorn Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday.

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.