Hawthorn Bancshares, Inc. (HWBK) Releases Quarterly Earnings Results
Hawthorn Bancshares, Inc. (NASDAQ:HWBK) announced its earnings results on Thursday. The financial services provider reported $0.30 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $12.93 million during the quarter. Hawthorn Bancshares had a net margin of 13.25% and a return on equity of 8.35%.
Shares of Hawthorn Bancshares (NASDAQ HWBK) traded up 0.1907% during mid-day trading on Friday, hitting $20.5391. 1,846 shares of the company traded hands. The stock has a market capitalization of $119.76 million, a price-to-earnings ratio of 15.2141 and a beta of 0.23. Hawthorn Bancshares has a one year low of $13.85 and a one year high of $23.25. The firm has a 50-day moving average of $20.44 and a 200-day moving average of $20.21.
The business also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, September 14th. Hawthorn Bancshares’s payout ratio is 21.18%.
Hawthorn Bancshares announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 9th that authorizes the company to buyback $1.50 million in shares. This buyback authorization authorizes the financial services provider to reacquire up to 1.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
A hedge fund recently raised its stake in Hawthorn Bancshares stock. Vanguard Group Inc. increased its stake in shares of Hawthorn Bancshares, Inc. (NASDAQ:HWBK) by 4.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,937 shares of the financial services provider’s stock after buying an additional 2,420 shares during the period. Vanguard Group Inc. owned about 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 raised shares of Hawthorn Bancshares from a “c+” rating to a “b-” rating in a report on Friday, September 29th.
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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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