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JEFFERSON CITY, Mo. - Hawthorn Bancshares, Inc. (NASDAQ: HWBK), the holding company for Hawthorn Bank, has launched a new stock repurchase program, as announced by its Board of Directors. The program authorizes the buyback of up to $10 million of the company’s common stock, replacing the previous repurchase initiative. The announcement comes as the company’s stock has delivered an impressive 54.7% return over the past year, significantly outperforming many peers. According to InvestingPro, the bank currently maintains a market capitalization of $202.56 million and trades at a P/E ratio of 10.6.
The management of Hawthorn Bancshares has the authority to decide on the specifics of the repurchase, including the number of shares, the pricing, and the timing, which will be contingent 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. However, the company is not obligated to purchase any specific number of shares.
Repurchased shares will be kept as treasury stock and may be utilized for various 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. The company, with a history extending over 150 years, operates Hawthorn Bank, which provides financial services to individuals and businesses. Hawthorn Bank has branches across Missouri, including in the Kansas City metro area, Jefferson City, Columbia, Springfield, and Clinton. InvestingPro data reveals the company has maintained dividend payments for 26 consecutive years and has raised its dividend for 13 straight years, with a current yield of 2.74%. InvestingPro subscribers have access to 4 additional key insights about HWBK’s financial health and growth prospects.
This move comes as part of the company’s capital management strategy and reflects its commitment to enhancing shareholder value. With an overall Financial Health score of FAIR from InvestingPro, and revenue growth of 34.3% in the last twelve months, the company appears positioned for continued operational execution. It should be noted that forward-looking statements made in the press release are subject to various risks and uncertainties that could cause actual results to differ from expectations. These statements are as of the date of the press release, and the company does not undertake any obligation to update them.
The information for this article is based on a press release statement from Hawthorn Bancshares, Inc.
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