Pinnacle Holdings LLC Buys New Shares in Hawthorn Bancshares, Inc. $HWBK

Pinnacle Holdings LLC bought a new position in shares of Hawthorn Bancshares, Inc. (NASDAQ:HWBKFree Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,073 shares of the financial services provider’s stock, valued at approximately $1,811,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWBK. BlackRock Inc. acquired a new stake in Hawthorn Bancshares in the second quarter valued at $13,176,000. Dimensional Fund Advisors LP grew its position in shares of Hawthorn Bancshares by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 158,332 shares of the financial services provider’s stock valued at $5,335,000 after acquiring an additional 2,419 shares during the period. Geode Capital Management LLC increased its stake in shares of Hawthorn Bancshares by 101.3% during the 2nd quarter. Geode Capital Management LLC now owns 143,777 shares of the financial services provider’s stock worth $4,191,000 after purchasing an additional 72,343 shares during the last quarter. State Street Corp raised its holdings in shares of Hawthorn Bancshares by 6.6% in the 4th quarter. State Street Corp now owns 78,650 shares of the financial services provider’s stock valued at $2,758,000 after purchasing an additional 4,871 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Hawthorn Bancshares by 2.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 75,686 shares of the financial services provider’s stock valued at $2,349,000 after purchasing an additional 2,082 shares during the period. 30.73% of the stock is owned by institutional investors.

Hawthorn Bancshares Stock Performance

HWBK stock opened at $39.22 on Monday. Hawthorn Bancshares, Inc. has a one year low of $29.39 and a one year high of $40.60. The stock has a market cap of $270.62 million, a price-to-earnings ratio of 10.27 and a beta of 0.45. The company has a fifty day moving average price of $38.94 and a two-hundred day moving average price of $36.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.97 and a quick ratio of 0.97.

Hawthorn Bancshares (NASDAQ:HWBKGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.06 earnings per share for the quarter. The company had revenue of $22.91 million for the quarter. Hawthorn Bancshares had a net margin of 22.77% and a return on equity of 15.15%.

Hawthorn Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. Hawthorn Bancshares’s dividend payout ratio is 21.99%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HWBK shares. Weiss Ratings upgraded shares of Hawthorn Bancshares from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded Hawthorn Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Research Report on Hawthorn Bancshares

Hawthorn Bancshares Company Profile

(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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Institutional Ownership by Quarter for Hawthorn Bancshares (NASDAQ:HWBK)

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