Hawthorn Bancshares, Inc. (NASDAQ:HWBK) Sees Significant Drop in Short Interest

Hawthorn Bancshares, Inc. (NASDAQ:HWBKGet Rating) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 10,600 shares, a drop of 27.4% from the April 15th total of 14,600 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the shares of the company are sold short.

Shares of HWBK stock opened at $25.71 on Friday. The stock has a market cap of $169.43 million, a P/E ratio of 7.30 and a beta of 0.44. Hawthorn Bancshares has a one year low of $21.54 and a one year high of $27.46. The stock has a fifty day moving average price of $26.30 and a 200 day moving average price of $25.59. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.95 and a quick ratio of 0.95.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.17 per share. This is a positive change from Hawthorn Bancshares’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 2.64%. The ex-dividend date is Tuesday, June 14th. Hawthorn Bancshares’s dividend payout ratio is currently 17.05%.

Separately, StockNews.com assumed coverage on Hawthorn Bancshares in a research report on Friday. They issued a “buy” rating for the company.

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in Hawthorn Bancshares by 149.0% during the second quarter. Royal Bank of Canada now owns 1,484 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 888 shares in the last quarter. UMB Bank N A MO acquired a new position in Hawthorn Bancshares during the fourth quarter worth $78,000. Strategic Value Bank Partners LLC acquired a new position in Hawthorn Bancshares during the first quarter worth $104,000. Morgan Stanley raised its stake in Hawthorn Bancshares by 13,886.1% during the second quarter. Morgan Stanley now owns 5,035 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 4,999 shares in the last quarter. Finally, Eidelman Virant Capital acquired a new position in Hawthorn Bancshares during the first quarter worth $202,000. Hedge funds and other institutional investors own 34.03% of the company’s stock.

About Hawthorn Bancshares (Get Rating)

Hawthorn Bancshares, Inc operates as the bank holding company for Hawthorn Bank that provides commercial and personal banking services. It accepts checking, savings, money market, individual retirement, and other time deposit accounts; and 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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