Hawthorn Bancshares (NASDAQ:HWBK) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Hawthorn Bancshares (NASDAQ:HWBK) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Hawthorn Bancshares Stock Down 1.1 %

Shares of HWBK opened at $27.75 on Tuesday. The firm has a 50 day simple moving average of $24.98 and a two-hundred day simple moving average of $22.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 1.01. Hawthorn Bancshares has a one year low of $17.86 and a one year high of $29.66. The company has a market cap of $193.89 million, a P/E ratio of 30.83 and a beta of 0.53.

Hawthorn Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 15th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. Hawthorn Bancshares’s dividend payout ratio is currently 84.44%.

Institutional Investors Weigh In On Hawthorn Bancshares

A number of institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its stake in shares of Hawthorn Bancshares by 5.2% during the third quarter. Empowered Funds LLC now owns 27,169 shares of the financial services provider’s stock valued at $680,000 after acquiring an additional 1,340 shares during the last quarter. Renaissance Technologies LLC raised its position in Hawthorn Bancshares by 36.5% during the 2nd quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 6,700 shares during the last quarter. Vanguard Group Inc. raised its position in Hawthorn Bancshares by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 278,318 shares of the financial services provider’s stock worth $5,686,000 after purchasing an additional 12,800 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. acquired a new position in Hawthorn Bancshares during the 1st quarter worth about $381,000. 30.73% of the stock is owned by institutional investors.

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.