JEFFERSON CITY, MO – In a recent transaction, Shawna M. Hettinger, a director of Hawthorn Bancshares, Inc. (NASDAQ:HWBK), has increased her stake in the company by purchasing additional shares. The transaction, which took place on September 13, 2024, involved Hettinger acquiring 21 shares of common stock at an average price of $24.10, totaling approximately $506.
The shares were bought in multiple transactions with prices ranging from $24.06 to $24.21, as per the weighted average price reported. This purchase has brought Hettinger’s total ownership in Hawthorn Bancshares to 4,124 shares of common stock.
Hawthorn Bancshares, headquartered in Jefferson City, Missouri, operates as the bank holding company for Hawthorn Bank, providing various banking services to individual and corporate customers. The company has a history that dates back to its former name, Exchange National Bancshares Inc., and has been a part of the financial landscape for a significant period.
The transaction was publicly disclosed in a legal filing with the Securities and Exchange Commission. Investors and interested parties can access full details of the transactions upon request, which will provide information on the number of shares purchased at each separate price within the reported range.
The acquisition of shares by a company director often signals confidence in the firm’s future prospects and financial health. Hawthorn Bancshares continues to operate within the national commercial banks sector, with Shawna M. Hettinger’s recent purchase reflecting an ongoing commitment to the company’s growth and success.
In other recent news, Hawthorn Bancshares has been making significant strategic moves. The company recently announced the appointment of Bob Regnier to its board of directors. Regnier, a veteran in community banking, will serve in an advisory capacity, with an aim to expand Hawthorn Bank’s community banking model in the Kansas City metro area. This move is part of the company’s commitment to innovation and community-focused banking solutions.
In addition to this board appointment, Hawthorn Bancshares has also declared a quarterly cash dividend of $0.19 per common share, slated for payment on October 1, 2024, to shareholders of record as of September 15, 2024. This decision reflects the company’s ongoing commitment to returning value to its shareholders and is indicative of its financial performance and outlook.
These recent developments underline Hawthorn Bancshares’ continued focus on strategic growth and shareholder value. However, as always, the company reminds investors that actual results could differ from projections due to risks and uncertainties.
InvestingPro Insights
As Shawna M. Hettinger increases her stake in Hawthorn Bancshares, Inc. (NASDAQ:HWBK), the financial metrics and market performance of the company provide a broader context for this transaction. With a market capitalization of $172.85 million, Hawthorn Bancshares is trading at a high earnings multiple, with a P/E ratio of 40.77 as of the last twelve months ending Q2 2024. This valuation can be seen as a sign of investor confidence, reflecting the company’s ability to maintain consistent dividend payments for 25 years, with a current dividend yield of 3.09%.
An InvestingPro Tip highlights the company’s strong return over the last year, with a 54.45% price total return, which aligns with Hettinger’s recent purchase decision. Additionally, the company has experienced a large price uptick over the last six months, with a 29.4% return, suggesting positive market sentiment.
Despite a decrease in revenue growth by 17.99% in the last twelve months as of Q2 2024, the quarterly figures tell a different story, showing an increase of 11.96%. This may indicate a turnaround or seasonal fluctuation in the company’s financial performance. With a solid operating income margin of 7.92%, Hawthorn Bancshares demonstrates its ability to manage expenses relative to income.
For those interested in a deeper analysis, there are additional InvestingPro Tips available, which can provide more nuanced insights into Hawthorn Bancshares’ financial health and investment potential. To explore these tips further, visit https://www.investing.com/pro/HWBK.
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