Hawthorn Bancshares (NASDAQ:HWBK) Stock Passes Above 50-Day Moving Average – Time to Sell?

Hawthorn Bancshares, Inc. (NASDAQ:HWBKGet Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $34.43 and traded as high as $36.30. Hawthorn Bancshares shares last traded at $36.30, with a volume of 4,564 shares.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hawthorn Bancshares in a report on Friday, March 27th. Wall Street Zen lowered Hawthorn Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Check Out Our Latest Research Report on HWBK

Hawthorn Bancshares Price Performance

The business has a fifty day moving average price of $34.43 and a 200-day moving average price of $33.83. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $250.47 million, a PE ratio of 9.97 and a beta of 0.43.

Hawthorn Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, June 15th. Hawthorn Bancshares’s dividend payout ratio is presently 23.08%.

Hedge Funds Weigh In On Hawthorn Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Hawthorn Bancshares in the 2nd quarter worth about $25,000. Kestra Advisory Services LLC purchased a new position in shares of Hawthorn Bancshares in the 4th quarter worth about $50,000. Bank of America Corp DE boosted its holdings in shares of Hawthorn Bancshares by 3,777.6% in the 2nd quarter. Bank of America Corp DE now owns 2,598 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,531 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hawthorn Bancshares by 1,725.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,757 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 2,606 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Hawthorn Bancshares in the 2nd quarter valued at about $93,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Hawthorn Bancshares Company Profile

(Get Free Report)

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.

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