Hawthorn Bancshares, Inc. (HWBK) Issues Earnings Results
Hawthorn Bancshares, Inc. (NASDAQ:HWBK) issued its quarterly earnings data on Thursday. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Hawthorn Bancshares had a return on equity of 8.48% and a net margin of 13.77%. The business had revenue of $12.93 million for the quarter.
Shares of Hawthorn Bancshares (NASDAQ:HWBK) traded up 0.1907% during midday trading on Friday, hitting $20.5391. The stock had a trading volume of 1,846 shares. Hawthorn Bancshares has a 52-week low of $13.85 and a 52-week high of $23.25. The firm has a market cap of $119.76 million, a price-to-earnings ratio of 15.2141 and a beta of 0.23. The firm’s 50 day moving average price is $20.43 and its 200 day moving average price is $20.21.
The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 15th were issued a $0.07 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.36%. Hawthorn Bancshares’s payout ratio is 20.90%.
Hawthorn Bancshares announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 9th that allows the company to repurchase $1.50 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
An institutional investor recently raised its position in Hawthorn Bancshares stock. Vanguard Group Inc. raised its position in Hawthorn Bancshares, Inc. (NASDAQ:HWBK) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,937 shares of the financial services provider’s stock after purchasing an additional 2,420 shares during the quarter. Vanguard Group Inc. owned 1.08% of Hawthorn Bancshares worth $1,309,000 as of its most recent SEC filing. 18.03% of the stock is owned by institutional investors and hedge funds.
Separately, TheStreet upgraded Hawthorn Bancshares from a “c+” rating to a “b-” rating in a report on Friday, September 29th.
About Hawthorn Bancshares
Hawthorn Bancshares, Inc is a bank holding company. Its activities are limited to ownership, indirectly through its subsidiary, Union State Bancshares, Inc (Union), of the outstanding capital stock of Hawthorn Bank. Hawthorn Bank is a full service bank conducting a general banking and trust business, offering its customers checking and savings accounts, Internet banking, debit cards, certificates of deposit, trust services, brokerage services, safety deposit boxes and a range of lending services.
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