Hawthorn Bancshares (NASDAQ:HWBK) Downgraded by StockNews.com to “Hold”

Hawthorn Bancshares (NASDAQ:HWBK) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Hawthorn Bancshares Trading Down 1.4 %

NASDAQ:HWBK traded down $0.42 during mid-day trading on Friday, reaching $29.46. The company’s stock had a trading volume of 3,739 shares, compared to its average volume of 8,069. Hawthorn Bancshares has a twelve month low of $17.86 and a twelve month high of $34.00. The company’s fifty day simple moving average is $29.88 and its two-hundred day simple moving average is $24.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $205.84 million, a P/E ratio of 32.73 and a beta of 0.58.

Insiders Place Their Bets

In other news, Director Jonathan Holtaway sold 1,015 shares of Hawthorn Bancshares stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $32.25, for a total value of $32,733.75. Following the transaction, the director now directly owns 390,004 shares of the company’s stock, valued at $12,577,629. The trade was a 0.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank E. Burkhead sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.87, for a total value of $95,610.00. Following the sale, the director now owns 11,477 shares of the company’s stock, valued at $365,771.99. The trade was a 20.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,457 shares of company stock valued at $285,175 over the last quarter. Company insiders own 23.40% of the company’s stock.

Hedge Funds Weigh In On Hawthorn Bancshares

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in Hawthorn Bancshares by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 68,657 shares of the financial services provider’s stock worth $1,719,000 after purchasing an additional 6,955 shares during the period. Empowered Funds LLC lifted 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 worth $680,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Hawthorn Bancshares by 36.5% in the second 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. 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.