Hawthorn Bancshares (NASDAQ:HWBK) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Hawthorn Bancshares, Inc. (NASDAQ:HWBK) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.62 and traded as low as $32.45. Hawthorn Bancshares shares last traded at $32.54, with a volume of 11,011 shares traded.

Analyst Upgrades and Downgrades

HWBK has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Hawthorn Bancshares in a report on Monday, December 29th. Wall Street Zen raised Hawthorn Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hawthorn Bancshares Trading Down 4.0%

The stock has a market cap of $224.53 million, a P/E ratio of 9.49 and a beta of 0.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.03 and a quick ratio of 1.02. The business’s 50 day simple moving average is $33.70 and its 200 day simple moving average is $32.62.

Hawthorn Bancshares (NASDAQ:HWBK) last posted its earnings results on Wednesday, January 28th. The financial services provider reported $0.90 EPS for the quarter. Hawthorn Bancshares had a return on equity of 14.66% and a net margin of 21.26%.The business had revenue of $21.18 million during the quarter.

Hawthorn Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Sunday, March 15th will be paid a $0.21 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.6%. This is a boost from Hawthorn Bancshares’s previous quarterly dividend of $0.20. Hawthorn Bancshares’s dividend payout ratio is presently 24.49%.

Institutional Investors Weigh In On Hawthorn Bancshares

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in Hawthorn Bancshares by 150.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,460 shares of the financial services provider’s stock valued at $578,000 after purchasing an additional 12,299 shares during the last quarter. Empowered Funds LLC grew its stake 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 last quarter. Jane Street Group LLC acquired a new stake in shares of Hawthorn Bancshares during the first quarter worth approximately $457,000. Geode Capital Management LLC increased its holdings in shares of Hawthorn Bancshares by 101.3% during the second quarter. Geode Capital Management LLC now owns 143,777 shares of the financial services provider’s stock worth $4,191,000 after buying an additional 72,343 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in shares of Hawthorn Bancshares in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 30.73% of the company’s stock.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc is the bank holding company for Hawthorn Bank, a community-focused financial institution headquartered in Aurora, Missouri. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, agricultural enterprises and commercial clients across southwest Missouri and select markets in nearby states. Hawthorn Bank operates a network of full-service branches and digital banking platforms designed to meet the evolving needs of its customers.

The company’s core offerings include deposit products such as checking, savings and money market accounts, as well as consumer lending solutions comprising residential mortgages, home equity lines of credit, auto loans and personal loans.