Hawthorn Bancshares Director Expands Stake in the Company

Shawna M. Hettinger Acquires Additional Shares in Hawthorn Bancshares

Recently, Shawna M. Hettinger, a director of Hawthorn Bancshares, Inc. (NASDAQ:HWBK), has taken a significant step by purchasing additional shares in the company. In this transaction, Hettinger acquired 21 shares of common stock, investing approximately $506 at an average price of $24.10 each. This strategic move reflects her confidence in the financial health and future prospects of the company.

Details of the Share Purchase

The share purchase involved multiple transactions, with prices that varied slightly, ranging from $24.06 to $24.21 according to the reported weighted average price. With this latest acquisition, Shawna Hettinger's total ownership in Hawthorn Bancshares has now reached 4,124 shares, demonstrating a solid commitment to her role within the company.

About Hawthorn Bancshares

Hawthorn Bancshares is positioned as a prominent bank holding company providing a variety of banking services to both individual and corporate customers. The company has a rich history, having evolved from its former identity as Exchange National Bancshares Inc. over a substantial period, establishing itself as a reliable institution in the financial sector.

Regulatory Disclosure and Investor Confidence

This share acquisition was duly disclosed in a legal filing with the appropriate regulatory agency. Such disclosures allow investors and stakeholders to examine the details regarding transactions made by key company figures. The transparency of these transactions often fosters greater investor confidence.

Strategic Developments within Hawthorn Bancshares

In recent developments, Hawthorn Bancshares has taken noteworthy strategic initiatives, including the appointment of Bob Regnier to its board of directors. Regnier brings extensive experience in community banking and is expected to guide the company in enhancing its community banking services, particularly in the Kansas City metro area. Such moves underscore the company's dedication to innovative and community-oriented banking practices.

Commitment to Shareholder Value

Additionally, Hawthorn Bancshares has expressed its ongoing dedication to returning value to shareholders by declaring a quarterly cash dividend of $0.19 per common share. This dividend, set for payment to shareholders of record, demonstrates the company's strong financial performance and commitment to rewarding those who invest in its future.

Financial Performance and Market Outlook

Despite experiencing a decline in revenue growth of 17.99% over the past twelve months, Hawthorn Bancshares shows signs of resilience with an impressive quarterly growth rate of 11.96%. The company operates with a solid operating income margin of 7.92%, indicating its effective management of expenses relative to income. Currently, the market capitalization stands at approximately $172.85 million, accompanied by a P/E ratio of 40.77, reflecting the market's confidence in the company's continued success.

Conclusion

In summary, Shawna M. Hettinger's recent acquisition of shares in Hawthorn Bancshares highlights a positive sentiment surrounding the company's financial outlook. This commitment, along with the strategic board appointments and ongoing shareholder returns, paints a promising picture for the future of Hawthorn Bancshares as it continues to navigate the competitive banking landscape.

Frequently Asked Questions

What motivated Shawna M. Hettinger to purchase additional shares?

Shawna M. Hettinger's share purchase reflects her confidence in Hawthorn Bancshares' growth potential and financial stability.

What is the current share price of Hawthorn Bancshares?

The average price at which Shawna Hettinger acquired her shares was $24.10, with prices ranging from $24.06 to $24.21.

What is Hawthorn Bancshares known for?

Hawthorn Bancshares is recognized for providing diverse banking services as a bank holding company with a long-standing history.

How has the company's revenue growth been recently?

While the company faced a revenue growth decline of 17.99% in the last year, it showed positive quarterly growth of 11.96%.

What does the dividend declaration signify for shareholders?

The declared quarterly dividend of $0.19 per share reflects the company's commitment to returning value to its shareholders.

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