Hawthorn Bancshares, Inc. (NASDAQ: HWBK – Get a rating) announced a quarterly dividend on Friday, April 29, Zacks reports. Shareholders of record on Wednesday, June 15 will receive a dividend of 0.17 per share from the financial services provider on Friday, July 1. This represents an annualized dividend of $0.68 and a yield of 2.59%. The ex-date of this dividend is Tuesday, June 14. This is an increase from Hawthorn Bancshares’ previous quarterly dividend of $0.15.
Hawthorn Bancshares has increased its dividend by an average of 19.2% per year over the past three years and has increased its dividend every year for the past 12 consecutive years.
Shares of HWBK traded down $0.69 during Friday’s midday session, hitting $26.26. 3,900 shares were traded, against an average volume of 4,500. The company has a market capitalization of $170.95 million, a PE ratio of 7.46 and a beta of 0.44. Hawthorn Bancshares has a 52-week low of $21.54 and a 52-week high of $27.46. The company has a fifty-day moving average of $26.44 and a 200-day moving average of $25.81. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt ratio of 0.94.
Hawthorn Bancshares (NASDAQ: HWBK – Get a rating) last released its results on Friday, April 29. The financial services provider reported earnings per share of $1.00 for the quarter. Hawthorn Bancshares had a net margin of 29.31% and a return on equity of 16.67%. The company had revenue of $17.87 million for the quarter.
Separately, StockNews.com launched a hedge on shares of Hawthorn Bancshares in a Monday, June 6 report. They issued a “buy” rating for the company.
Separately, director Frank E. Burkhead purchased 1,000 shares of the company in a transaction that took place on Monday, June 6. The shares were purchased at an average price of $26.95 per share, for a total transaction of $26,950.00. Following the acquisition, the director now owns 17,417 shares of the company, valued at $469,388.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at this link. 12.30% of the shares are currently held by insiders of the company.
A number of hedge funds have recently changed their holdings of HWBK. Morgan Stanley increased its position in shares of Hawthorn Bancshares by 13,886.1% during the second quarter. Morgan Stanley now owns 5,035 shares of the financial services provider worth $115,000 after buying an additional 4,999 shares in the last quarter. Royal Bank of Canada increased its position in shares of Hawthorn Bancshares by 149.0% during the second quarter. Royal Bank of Canada now owns 1,484 shares of the financial services provider worth $34,000 after buying 888 more shares in the last quarter. Northern Trust Corp increased its position in shares of Hawthorn Bancshares by 4.4% during the fourth quarter. Northern Trust Corp now owns 15,820 shares of the financial services provider worth $411,000 after buying an additional 660 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Hawthorn Bancshares by 10.5% during the fourth quarter. Renaissance Technologies LLC now owns 22,058 shares of the financial services provider worth $572,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Alliancebernstein LP increased its position in Hawthorn Bancshares shares by 39.5% during the 4th quarter. Alliancebernstein LP now owns 183,924 shares of the financial services provider worth $4,771,000 after buying an additional 52,067 shares in the last quarter. 34.03% of the shares are held by institutional investors.
About Hawthorn Bancshares (Get a rating)
Hawthorn Bancshares, Inc operates as a bank holding company for Hawthorn Bank which provides commercial and personal banking services. It accepts checking, savings, money market, individual retirement and other term deposit accounts; and certificates of deposit. The Company also offers commercial and industrial, personal, installment, commercial and residential real estate and consumer loans, as well as small business equipment, operations and administration loans; and debit and credit cards.
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