Hawthorn Bancshares Director Buys More Shares, Signals Confidence in Future Growth - InvestingPro Analysis
Hawthorn Bancshares, Inc. (NASDAQ:HWBK) director Frank E. Burkhead recently purchased 100 shares of the company's common stock at $21.845 per share, totaling an investment of approximately $2,184. This move reflects Burkhead's continued confidence in the bank holding company's future prospects.
Burkhead now holds a total of 14,467.271 shares directly and 6,485.485 shares indirectly through an Individual Retirement Account (IRA). The recent purchase includes shares acquired through the company's Dividend Reinvestment Plan (DRIP).
Hawthorn Bancshares, headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank, offering various financial services. The company's stock trades on the NASDAQ under the ticker symbol HWBK.
Share acquisitions by company directors often indicate optimism about the company's future performance. Investors monitor these transactions for insights into executive sentiment and the company's financial movements.
In other news, Hawthorn Bancshares has declared a quarterly cash dividend of $0.19 per common share, payable on October 1, 2024. This aligns with the company's commitment to shareholder value and reflects its financial performance and outlook.
InvestingPro Insights:
- Hawthorn Bancshares has a history of raising dividends for 12 years and maintaining payments for 25 years.
- The stock has seen a strong three-month price total return of 18.4%.
- While the P/E ratio suggests high earnings expectations, the Fair Value estimate indicates potential overvaluation.
- Revenue growth has shown a quarterly increase despite challenges over the same period.
For a comprehensive analysis of Hawthorn Bancshares' financial health and market potential, visit InvestingPro for valuable insights and tips to inform your investment decisions.