Hawthorn Bancshares (NASDAQ:HWBK) Announces Earnings Results

Hawthorn Bancshares (NASDAQ:HWBK) released its earnings results on Friday. The financial services provider reported $1.23 EPS for the quarter, FiscalAI reports. Hawthorn Bancshares had a return on equity of 15.15% and a net margin of 22.77%. The firm had revenue of $0.10 million during the quarter.

Hawthorn Bancshares Stock Performance

NASDAQ HWBK traded down $0.74 during trading hours on Friday, hitting $38.96. The company had a trading volume of 10,579 shares, compared to its average volume of 11,519. The business has a 50 day moving average of $38.79 and a 200-day moving average of $36.54. The company has a market cap of $268.82 million, a PE ratio of 10.20 and a beta of 0.47. Hawthorn Bancshares has a 1-year low of $30.07 and a 1-year high of $40.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.97 and a current ratio of 0.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HWBK. Ategra Capital Management LLC acquired a new stake in shares of Hawthorn Bancshares during the 2nd quarter valued at approximately $13,456,000. BlackRock Inc. purchased a new position in shares of Hawthorn Bancshares during the 2nd quarter worth approximately $13,176,000. Pinnacle Holdings LLC acquired a new position in shares of Hawthorn Bancshares during the 2nd quarter worth approximately $1,811,000. Empowered Funds LLC purchased a new position in Hawthorn Bancshares during the second quarter worth $1,284,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Hawthorn Bancshares in the second quarter valued at $562,000. 30.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HWBK shares. Wall Street Zen upgraded Hawthorn Bancshares from a “hold” rating to a “buy” rating in a research note on Sunday, October 18th. Weiss Ratings upgraded shares of Hawthorn Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy”.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc is a bank holding company headquartered in Jefferson City, Missouri. The company operates through its principal subsidiary, Hawthorn Bank, a community banking institution serving individuals, families, businesses and organizations primarily in communities throughout central Missouri.

Hawthorn Bank offers a range of traditional banking products and services, including checking and savings accounts, certificates of deposit, consumer lending, residential real estate loans, commercial real estate financing and business loans.