Goldman Sachs Group Inc. Grows Position in Hawthorn Bancshares, Inc. $HWBK

Goldman Sachs Group Inc. boosted its stake in shares of Hawthorn Bancshares, Inc. (NASDAQ:HWBK) by 150.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,460 shares of the financial services provider’s stock after purchasing an additional 12,299 shares during the period. Goldman Sachs Group Inc. owned about 0.30% of Hawthorn Bancshares worth $578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northern Trust Corp increased its stake in Hawthorn Bancshares by 8.0% during the fourth quarter. Northern Trust Corp now owns 14,834 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 1,101 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Hawthorn Bancshares in the fourth quarter valued at approximately $218,000. Millennium Management LLC boosted its holdings in shares of Hawthorn Bancshares by 29.3% in the fourth quarter. Millennium Management LLC now owns 25,881 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 5,870 shares during the period. Empowered Funds LLC lifted its holdings in Hawthorn Bancshares by 7.2% during the first quarter. Empowered Funds LLC now owns 30,547 shares of the financial services provider’s stock worth $862,000 after buying an additional 2,051 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Hawthorn Bancshares during the first quarter worth $457,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Hawthorn Bancshares Stock Performance

Shares of HWBK opened at $31.20 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average price of $30.68 and a 200-day moving average price of $29.43. Hawthorn Bancshares, Inc. has a 12 month low of $21.35 and a 12 month high of $35.95. The firm has a market cap of $215.59 million, a PE ratio of 10.51 and a beta of 0.61.

Hawthorn Bancshares (NASDAQ:HWBK) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.88 earnings per share for the quarter. Hawthorn Bancshares had a return on equity of 13.63% and a net margin of 18.88%.The company had revenue of $19.69 million for the quarter.

Hawthorn Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, September 15th. Hawthorn Bancshares’s dividend payout ratio (DPR) is 26.94%.

Hawthorn Bancshares announced that its Board of Directors has authorized a share repurchase plan on Thursday, June 5th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

About Hawthorn Bancshares

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.