Hawthorn Bancshares (NASDAQ:HWBK) Raised to Buy at StockNews.com

Hawthorn Bancshares (NASDAQ:HWBK) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Hawthorn Bancshares Price Performance

Shares of Hawthorn Bancshares stock traded down $0.30 during trading on Tuesday, hitting $27.75. 91,290 shares of the stock traded hands, compared to its average volume of 11,042. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. The stock has a market cap of $193.89 million, a price-to-earnings ratio of 30.83 and a beta of 0.53. The firm’s fifty day moving average is $24.98 and its 200-day moving average is $22.04. Hawthorn Bancshares has a 52 week low of $17.86 and a 52 week high of $29.66.

Institutional Investors Weigh In On Hawthorn Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC lifted its holdings in Hawthorn Bancshares by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 27,169 shares of the financial services provider’s stock worth $680,000 after buying an additional 1,340 shares during the period. Renaissance Technologies LLC lifted its holdings in Hawthorn Bancshares by 36.5% in the 2nd quarter. Renaissance Technologies LLC now owns 25,043 shares of the financial services provider’s stock worth $496,000 after buying an additional 6,700 shares during the period. Vanguard Group Inc. lifted its holdings in Hawthorn Bancshares by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 278,318 shares of the financial services provider’s stock worth $5,686,000 after buying an additional 12,800 shares during the period. Finally, Alexander Labrunerie & CO. Inc. purchased a new position in shares of Hawthorn Bancshares in the 1st quarter valued at approximately $381,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

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.