Hawthorn Bancshares (NASDAQ:HWBK) Rating Increased to Buy at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK – Free Report) from a hold rating to a buy rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hawthorn Bancshares in a research note on Monday, December 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Check Out Our Latest Report on HWBK

Hawthorn Bancshares Price Performance

HWBK stock opened at $33.88 on Friday. The firm has a market cap of $233.77 million, a P/E ratio of 10.62 and a beta of 0.53. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.06 and a current ratio of 1.06. Hawthorn Bancshares has a 1 year low of $25.21 and a 1 year high of $35.95. The stock has a 50-day simple moving average of $31.59 and a 200-day simple moving average of $30.55.

Hawthorn Bancshares (NASDAQ:HWBK – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.88 earnings per share for the quarter. Hawthorn Bancshares had a return on equity of 14.22% and a net margin of 20.09%.The firm had revenue of $17.25 million during the quarter.

Hawthorn Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Monday, December 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Hawthorn Bancshares’s dividend payout ratio (DPR) is presently 25.08%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of Hawthorn Bancshares in the 2nd quarter worth about $25,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Hawthorn Bancshares in the second quarter valued at about $37,000. Bank of America Corp DE raised its stake in Hawthorn Bancshares by 3,777.6% during the second quarter. Bank of America Corp DE now owns 2,598 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,531 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Hawthorn Bancshares by 1,725.8% during the second quarter. JPMorgan Chase & Co. now owns 2,757 shares of the financial services provider’s stock valued at $80,000 after buying an additional 2,606 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Hawthorn Bancshares during the 2nd quarter worth approximately $93,000. 30.73% of the stock is currently owned by institutional investors.

Hawthorn Bancshares Company Profile

(Get Free Report)

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.

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