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Jonathan Holtaway, a director at Hawthorn Bancshares Inc. (NASDAQ:HWBK), recently sold shares of the company. According to a Form 4 filing with the Securities and Exchange Commission, Holtaway disposed of a total of 2,643 shares over two days, with a total transaction value of approximately $89,109. The shares were sold at prices ranging from $33.62 to $33.75. The transaction comes as HWBK shares have surged nearly 59% over the past year, with the $228 million market cap bank currently trading near its 52-week high of $35.95. InvestingPro analysis suggests the stock is currently overvalued based on its Fair Value model.
After these transactions, Holtaway retains ownership of 363,839 shares indirectly through 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 also holds roles as president and managing member of the investment advisor managing the fund. The company has demonstrated strong dividend performance, having raised its dividend for 13 consecutive years, with a current yield of 2.3%. Discover more insights and 6 additional key ProTips for HWBK with an InvestingPro subscription.
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