Jonathan Holtaway, a director at Hawthorn Bancshares, Inc. (NASDAQ:HWBK), recently sold a substantial number of shares in the company. According to a recent SEC filing, Holtaway sold a total of 9,670 shares over two days, November 13 and 14, at prices ranging from $28.57 to $28.62 per share. The transactions amounted to a total value of $276,502.
Following these sales, Holtaway still holds 397,843 shares indirectly through the Ategra Community Financial Institution Fund, LP, and an additional 28,500 shares through an IRA. Holtaway serves as an owner and managing member of the general partner of Ategra Community Financial Institution Fund, LP, and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
In other recent news, Hawthorn Bancshares, a financial holding company, has made significant strides in its operations. The company recently announced the appointment of Bob Regnier as an advisory member to the Board of Directors for both the bank and the holding company. Regnier is expected to play a strategic role in expanding Hawthorn Bank's community banking model within the Kansas City metro area. This move is part of the bank's ongoing commitment to innovation and community-focused banking solutions.
In another development, Hawthorn Bancshares declared a quarterly cash dividend of $0.19 per common share, scheduled for payment on October 1, 2024, to shareholders of record as of September 15, 2024. This decision reflects the company's commitment to return value to its shareholders and its positive financial performance.
These are among the recent developments surrounding Hawthorn Bancshares, as the company continues to enhance its influence and partnerships in the region. The company's actions are based on a commitment to community banking and shareholder value, according to statements from Hawthorn Bancshares.
InvestingPro Insights
While Jonathan Holtaway's recent sale of Hawthorn Bancshares shares might raise eyebrows, a closer look at the company's performance reveals some interesting insights. According to InvestingPro data, Hawthorn Bancshares is currently trading near its 52-week high, with a market capitalization of $201.29 million. The stock has shown impressive momentum, boasting a 20.55% return over the last month and a substantial 46.5% return over the past six months.
InvestingPro Tips highlight that Hawthorn Bancshares has maintained dividend payments for 25 consecutive years and has raised its dividend for 13 consecutive years. This consistent dividend policy could be attractive to income-focused investors, especially considering the current dividend yield of 2.65%. However, it's worth noting that the company is trading at a high earnings multiple, with a P/E ratio of 32.09, which may indicate that the stock is relatively expensive compared to its earnings.
Despite the recent insider sale, Hawthorn Bancshares has demonstrated strong financial performance. The company reported a revenue of $58.19 million in the last twelve months as of Q3 2023, with an operating income margin of 12.03%. These figures suggest that the bank maintains a solid operational foundation, which could support its stock performance in the long term.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights on Hawthorn Bancshares. In fact, there are 10 more InvestingPro Tips available for HWBK, providing a deeper understanding of the company's financial health and market position.
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