Hawthorn Bancshares (NASDAQ:HWBK) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a hold rating to a buy rating in a report issued on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hawthorn Bancshares in a research report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Hawthorn Bancshares has an average rating of “Buy”.

Hawthorn Bancshares Price Performance

Shares of NASDAQ:HWBK opened at $38.06 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43. Hawthorn Bancshares has a 1 year low of $29.39 and a 1 year high of $40.60. The business has a fifty day simple moving average of $38.93 and a 200 day simple moving average of $37.52. The firm has a market cap of $262.61 million, a price-to-earnings ratio of 9.96 and a beta of 0.47.

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

Hawthorn Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a $0.21 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.2%. Hawthorn Bancshares’s payout ratio is 21.99%.

Institutional Trading of Hawthorn Bancshares

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in shares of Hawthorn Bancshares during the 2nd quarter valued at $1,284,000. BlackRock Inc. acquired a new stake in shares of Hawthorn Bancshares in the 2nd quarter valued at $13,176,000. Pinnacle Holdings LLC acquired a new stake in shares of Hawthorn Bancshares in the 2nd quarter valued at $1,811,000. Ategra Capital Management LLC bought a new stake in Hawthorn Bancshares in the second quarter worth $13,456,000. Finally, Bank of New York Mellon Corp bought a new stake in Hawthorn Bancshares in the second quarter worth $562,000. 30.73% of the stock is owned by institutional investors.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its subsidiary, Hawthorn Bank, the company provides a range of banking services to individuals, families, businesses and public-sector organizations.

Hawthorn Bank offers deposit products, personal and commercial lending, mortgage services, cash-management solutions, online and mobile banking, and other financial services. Its lending activities include consumer, residential real estate, commercial real estate and business loans.

The bank serves communities primarily throughout central Missouri, with locations in markets including Jefferson City, Columbia and surrounding areas.