JEFFERSON CITY, MO – In a recent transaction, Jonathan Holtaway, a director at Hawthorn Bancshares, Inc. (NASDAQ:HWBK), acquired additional shares of the company's stock, showing confidence in the financial institution's future prospects. On May 10, Holtaway purchased 2,000 shares of common stock at a price of $19.72 per share, totaling an investment of $39,440.
This purchase increases Holtaway's direct holdings in Hawthorn Bancshares to 28,500 shares. It's worth noting that this transaction was conducted through an Individual Retirement Account (IRA) managed by Holtaway, indicating a long-term investment approach.
In addition to his direct holdings, Holtaway is associated with significant indirect ownership through Ategra Community Financial Institution Fund, LP, where he serves as an owner and managing member of the general partner. The Fund holds a substantial 407,513 shares of Hawthorn Bancshares. However, Holtaway has disclaimed beneficial ownership of these shares, except to the extent of his pecuniary interest.
The recent acquisition by Holtaway may be seen by investors as a positive signal, as insiders often buy shares based on their unique insights into the company's operations and growth potential. Hawthorn Bancshares, based in Jefferson City, has a history of strong community banking services and continues to play a pivotal role in the local economy.
Investors and market watchers often pay close attention to insider transactions like this one, as they can provide valuable clues about a company's health and the sentiment of its leadership. Holtaway's latest move could thus be interpreted as a reaffirmation of the company's stability and potential for growth.
For more detailed information, investors are encouraged to review the full filing on the SEC's website.
InvestingPro Insights
As Jonathan Holtaway increases his stake in Hawthorn Bancshares, Inc. (NASDAQ:HWBK), investors may be curious about the company's financial health and market performance. According to InvestingPro data, Hawthorn Bancshares has a market capitalization of $138.4 million, with a price-to-earnings (P/E) ratio of 65.08, reflecting a high earnings valuation as of the last twelve months ending Q1 2024. The company's revenue for the same period stood at $54.33 million, though it experienced a notable decline of 22.07% from the previous year. Despite this, Hawthorn Bancshares maintained a stable dividend yield of 3.86%, rewarding shareholders with consistent payouts.
An InvestingPro Tip highlights that Hawthorn Bancshares has raised its dividend for 12 consecutive years, which is a testament to its commitment to returning value to shareholders. Another tip points out that the company has been profitable over the last twelve months, which is a positive sign for potential investors. It's also worth noting that Hawthorn Bancshares trades at a price close to its book value, with a Price/Book ratio of 1.02 as of Q1 2024, indicating that the stock may be reasonably valued in terms of its net assets.
For investors seeking a deeper analysis, there are additional InvestingPro Tips available that discuss the company's financial metrics and performance. To access these insights and enhance your investment strategy, visit https://www.investing.com/pro/HWBK and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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