Hawthorn Bancshares, Inc. (NASDAQ:HWBK) saw a notable transaction from its President, Gregg A. Bexten, who purchased shares in the company on June 13, 2024. The executive acquired 1,000 shares of common stock at a price of $19.72 per share, amounting to a total investment of $19,720.
This purchase is part of the regular financial disclosures that executives make about their holdings and transactions in their company's stock. Following this transaction, Bexten now directly owns 1,150.25 shares. Additionally, it's noted that Bexten indirectly holds 27,522.65 shares through a profit-sharing trust, as per the footnotes in the SEC filing.
Hawthorn Bancshares, based in Jefferson City, Missouri, operates as a financial institution under the National Commercial Banks industry. The company has a history that traces back to its former name, Exchange National Bancshares Inc., with a name change recorded in March 1994.
Investors often keep an eye on insider transactions as they can provide insights into an executive's confidence in the company's performance and outlook. With this recent purchase by its President, Hawthorn Bancshares demonstrates a positive signal that could be of interest to current and potential investors.
In other recent news, Hawthorn Bancshares, a financial bank holding company, has announced an increase in its quarterly cash dividend. The company has raised the dividend to $0.19 per common share, a rise from the previous quarter's dividend of $0.17 per share. This dividend will be available to shareholders on record as of the close of business on June 15, 2024, and is expected to be distributed on July 1, 2024.
The decision to increase the dividend is a reflection of Hawthorn Bancshares' financial health and its commitment to providing value to its shareholders. It is important to note that the company's forward-looking statements are based on management's current expectations and projections about future events. However, actual results could materially differ due to various factors.
Investors are advised that these forward-looking statements involve risks and uncertainties and are not guarantees of future performance. Hawthorn Bancshares does not undertake any obligation to update any forward-looking statement publicly, except as required by law. These are the recent developments concerning Hawthorn Bancshares.
InvestingPro Insights
As Hawthorn Bancshares, Inc. (NASDAQ:HWBK) garners attention with insider stock purchases by its President, investors are considering the broader financial health and future prospects of the company. According to InvestingPro, Hawthorn Bancshares is a company with a proven track record of rewarding its shareholders, having raised its dividend for 12 consecutive years and maintained dividend payments for 25 consecutive years, indicative of its financial stability and commitment to returning value to investors.
However, the company is currently trading at a high earnings multiple with a P/E ratio of 64.61, suggesting that the stock might be priced on the higher end relative to earnings. The InvestingPro data also reveals a decline in revenue growth, with a -22.07% change over the last twelve months as of Q1 2024, which may raise concerns about the company's recent performance. Despite this, the company has remained profitable over the same period, with a gross profit of 54.33M USD.
For investors looking for a more in-depth analysis, there are additional InvestingPro Tips available which could provide further insights into Hawthorn Bancshares' valuation, financial health, and future outlook. For instance, the company's weak gross profit margins may be a point of interest for those scrutinizing its operational efficiency. Subscribers to InvestingPro can access these valuable tips and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of financial data and expert analysis to inform investment decisions.
With the next earnings date slated for July 25, 2024, investors and analysts will be closely watching Hawthorn Bancshares' performance metrics and management commentary to gauge the company's trajectory and how it might align with the insider buying activity.
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