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

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

Hawthorn Bancshares Stock Performance

NASDAQ HWBK opened at $28.12 on Tuesday. The company’s fifty day moving average is $25.06 and its two-hundred day moving average is $22.08. Hawthorn Bancshares has a 52-week low of $17.86 and a 52-week high of $29.66. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $196.56 million, a price-to-earnings ratio of 31.24 and a beta of 0.53.

Hedge Funds Weigh In On Hawthorn Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Hawthorn Bancshares by 4.8% in the first 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 in the last quarter. Empowered Funds LLC increased its holdings in shares of Hawthorn Bancshares by 7.9% during the first quarter. Empowered Funds LLC now owns 24,029 shares of the financial services provider’s stock worth $491,000 after buying an additional 1,750 shares in the last quarter. Renaissance Technologies LLC increased its holdings 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 valued at $496,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. bought a new position in shares of Hawthorn Bancshares in the first quarter valued at 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.