Hawthorn Bancshares, Inc. (NASDAQ:HWBK) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research note issued on Friday.

Separately, ValuEngine upgraded Hawthorn Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

Shares of Hawthorn Bancshares (NASDAQ HWBK) traded up 0.0000% during midday trading on Friday, hitting $20.5999. The stock had a trading volume of 65 shares. The stock has a market cap of $120.12 million, a PE ratio of 15.2592 and a beta of 0.23. The firm has a 50 day moving average price of $20.38 and a 200 day moving average price of $20.33. Hawthorn Bancshares has a one year low of $13.85 and a one year high of $23.25.

Hawthorn Bancshares (NASDAQ:HWBK) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. Hawthorn Bancshares had a return on equity of 8.48% and a net margin of 13.77%. The company had revenue of $12.92 million for the quarter.

Hawthorn Bancshares declared that its board has approved a share repurchase plan on Wednesday, August 9th that allows the company to repurchase $1.50 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 1.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its holdings in shares of Hawthorn Bancshares by 4.0% in the 2nd quarter. California Public Employees Retirement System now owns 13,058 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 502 shares during the last quarter. Vanguard Group Inc. grew its stake in Hawthorn Bancshares by 4.0% during the 2nd quarter. Vanguard Group Inc. now owns 62,937 shares of the financial services provider’s stock worth $1,309,000 after buying an additional 2,420 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Hawthorn Bancshares by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 88,968 shares of the financial services provider’s stock worth $1,851,000 after buying an additional 4,354 shares during the last quarter. Finally, River Oaks Capital LLC grew its stake in Hawthorn Bancshares by 4.0% during the 2nd quarter. River Oaks Capital LLC now owns 162,864 shares of the financial services provider’s stock worth $3,412,000 after buying an additional 6,264 shares during the last quarter. Institutional investors and hedge funds own 18.06% of the company’s stock.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc is a bank holding company. Its activities are limited to ownership, indirectly through its subsidiary, Union State Bancshares, Inc (Union), of the outstanding capital stock of Hawthorn Bank. Hawthorn Bank is a full service bank conducting a general banking and trust business, offering its customers checking and savings accounts, Internet banking, debit cards, certificates of deposit, trust services, brokerage services, safety deposit boxes and a range of lending services.

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