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JEFFERSON CITY, Mo. - Hawthorn Bancshares, Inc. (NASDAQ:HWBK), a $200.73 million market cap financial institution trading at $29.14 per share, has been added to the Russell 3000 and Russell 2000 indexes effective Monday with the opening of U.S. markets, according to a company press release.
The inclusion follows the annual reconstitution of the Russell indexes, which rank companies based on total market capitalization. The Russell 3000 comprises the largest 3,000 U.S. public companies by market capitalization, while the Russell 2000 is a subset focused on small-cap companies.
"Our inclusion in the Russell 3000 and the Russell 2000 is representative of our growth and progress over the past few years," said Brent M. Giles, Director and CEO of Hawthorn Bancshares. The company’s impressive 43% stock price return over the past year and consistent dividend payments for 26 consecutive years underscore this progress, according to InvestingPro data.
The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data cited in the release, approximately $10.6 trillion in assets are benchmarked against Russell US indexes as of the end of June 2024. With a P/E ratio of 10.55 and a dividend yield of 2.9%, Hawthorn presents an interesting profile for value-focused investors. Discover more detailed analysis and 12+ additional insights with InvestingPro.
Membership in these indexes results in automatic inclusion in the relevant growth and value style indexes and will remain in effect for one year.
Hawthorn Bancshares is the parent company of Hawthorn Bank, which operates multiple locations in Missouri, including Jefferson City, Columbia, Springfield, Clinton, and the greater Kansas City metropolitan area.
In other recent news, Hawthorn Bancshares has initiated a $10 million stock buyback program, as announced by its Board of Directors. This new program replaces the previous repurchase initiative and authorizes the buyback of up to $10 million of the company’s common stock. The specifics of the repurchase, including the number of shares, pricing, and timing, will depend on market conditions and other factors. The buybacks may occur in open market transactions or through private deals, with no set expiration date for the program. Repurchased shares will be held as treasury stock and may be used for corporate needs such as employee benefit plans involving stock or stock dividends. The funding for these repurchases is expected to come from available cash, ongoing operations, and potentially other sources. As of June 3, 2025, Hawthorn Bancshares reported having 6,946,656 common shares outstanding. This move is part of the company’s capital management strategy and reflects its commitment to enhancing shareholder value.
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