Hawthorn Bancshares (NASDAQ:HWBK) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a hold rating to a buy rating in a research note released on Tuesday morning.

Hawthorn Bancshares Price Performance

Hawthorn Bancshares stock opened at $27.75 on Tuesday. The company has a market capitalization of $193.89 million, a price-to-earnings ratio of 30.83 and a beta of 0.53. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.07. Hawthorn Bancshares has a 12 month low of $17.86 and a 12 month high of $29.66. The stock’s 50 day moving average is $24.98 and its 200-day moving average is $22.04.

Hawthorn Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.74%. Hawthorn Bancshares’s payout ratio is presently 84.44%.

Hedge Funds Weigh In On Hawthorn Bancshares

Hedge funds have recently bought and sold shares of the business. Alexander Labrunerie & CO. Inc. acquired a new position in shares of Hawthorn Bancshares during the 1st quarter worth approximately $381,000. Vanguard Group Inc. boosted its stake in shares of Hawthorn Bancshares by 4.8% in the first quarter. Vanguard Group Inc. now owns 278,318 shares of the financial services provider’s stock valued at $5,686,000 after buying an additional 12,800 shares during the period. Renaissance Technologies LLC grew its position in Hawthorn Bancshares by 36.5% during the second quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock worth $496,000 after buying an additional 6,700 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Hawthorn Bancshares by 7.9% during the 1st quarter. Empowered Funds LLC now owns 24,029 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 1,750 shares during the period. 30.73% of the stock is owned by institutional investors.

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.