Hawthorn Bancshares Achieves Inclusion in Important Market Indexes
Hawthorn Bancshares, Inc. (NASDAQ: HWBK), a distinguished bank holding company for Hawthorn Bank, is excited to share its inclusion in the prestigious Russell 3000 and Russell 2000 indexes following the recent reconstitution by FTSE Russell. This significant milestone took effect at the opening of the U.S. market, marking a proud moment in the company’s journey.
The Significance of Index Inclusion
The Russell 3000 index comprises the 3,000 largest public companies in the U.S. by market capitalization, while the Russell 2000 is a focused subset representing small-cap companies. This acknowledgment not only highlights the company's growth trajectory but also signifies its commitment to enhancing shareholder value. As a result, Hawthorn Bancshares' common stock is now included in relevant growth and value indexes automatically.
Understanding the Russell Indexes
These indexes serve as benchmarks for many investment managers and institutional investors, influencing decisions surrounding index funds and active investment strategy performance. The Russell 2000 remains a key player in the market, designed to reflect the performance of small businesses in the American economy.
Company Vision and Future Growth
Brent M. Giles, the Director and CEO of Hawthorn Bancshares, expressed enthusiasm regarding this achievement. Giles stated, “Our inclusion in the Russell 3000 and the Russell 2000 is representative of our growth and progress over the past few years. We believe the recognition enhances our visibility in the broader investment community and serves as validation of our ability to drive value to our shareholders.” This statement encapsulates the company's aspirations of continual growth and its commitment to serving its customers well.
Market Impact and Future Prospects
With approximately $10.6 trillion in assets benchmarked against Russell U.S. indexes, the inclusion in these indexes positions Hawthorn Bancshares favorably within the investment marketplace. The decision to include is based on a comprehensive analysis of total market capitalization as of the reconstitution date, showcasing the company’s dedication to long-term success and stability.
About Hawthorn Bancshares, Inc.
Hawthorn Bancshares, Inc. is a financial-bank holding corporation based in Jefferson City, Missouri, known for its outstanding service to families and businesses for over 150 years. The company takes pride in its multiple locations across important areas, including the Kansas City metropolitan region and other key locations.
Contact Information
If you have questions or need more details, feel free to contact:
Hawthorn Bancshares, Inc.
Brent M. Giles
Chief Executive Officer
TEL: 573.761.6100
www.HawthornBancshares.com
Frequently Asked Questions
What does it mean for Hawthorn Bancshares to be included in the Russell Indexes?
Being included in these indexes signifies recognition of the company's growth and enhances its visibility among investors.
How long is the inclusion in the Russell 2000?
The inclusion in the Russell 2000 lasts for one year and is based on membership in the larger Russell 3000.
What is the Russell 3000 Index?
The Russell 3000 Index tracks the performance of the 3,000 largest publicly traded companies in the U.S.
Who manages the Russell Indexes?
FTSE Russell manages the Russell Indexes, providing a variety of market indexes for investment and benchmarking.
How does this inclusion impact Hawthorn Bancshares' future outlook?
This inclusion showcases Hawthorn Bancshares' strong market position and commitment to delivering value, providing potential growth opportunities ahead.
