In a recent move that may interest investors, Jonathan Holtaway, a director at Hawthorn Bancshares, Inc. (NASDAQ:HWBK), has purchased additional shares of the company. The transaction, which took place on March 14, involved 5,500 shares of common stock at a price of $19.12 per share, amounting to a total investment of $105,160.
This purchase increases Holtaway's direct holdings in Hawthorn Bancshares, as indicated by the latest filing with the Securities and Exchange Commission. Following the acquisition, the director now owns a total of 15,500 shares directly. Additionally, Holtaway has an indirect interest in 407,513 shares through Ategra Community Financial Institution Fund, LP, where he serves in multiple roles including as an owner and managing member of the general partner, as well as co-portfolio manager of the Fund.
It is worth noting that Holtaway disclaims beneficial ownership of these indirectly held securities, except to the extent of his pecuniary interest. This disclaimer is a common legal statement that indicates while Holtaway has a managerial role in the fund that owns the shares, he does not claim personal ownership over them, except for any personal financial interest he might have in the fund.
The recent purchase by the director is a display of confidence in the financial institution, which is based in Missouri and operates under the standard industrial classification of national commercial banks. Hawthorn Bancshares, with its history and presence in the region, continues to be an integral part of the local financial landscape.
Investors often keep a close eye on insider transactions such as these, as they can provide insights into the sentiments of key executives and directors regarding the company's future prospects. While such transactions do not always predict future price movements, they are considered one of the many pieces of information that shareholders may find relevant when making investment decisions.
InvestingPro Insights
Following the recent insider purchase by Jonathan Holtaway at Hawthorn Bancshares, Inc., investors may find additional context through real-time data and insights from InvestingPro. The company, known by its ticker HWKN, has shown a strong financial performance with a market capitalization of approximately $1.56 billion. Moreover, the company's price-to-earnings (P/E) ratio stands at 21.15, indicating a valuation that could be attractive when aligned with near-term earnings growth.
InvestingPro Tips suggest that Hawthorn Bancshares has demonstrated a commendable track record of dividend reliability and growth, having raised its dividend for 12 consecutive years and maintained payments for 32 consecutive years. This consistency is a testament to the company's financial stability and commitment to shareholder returns. Additionally, the company's cash flows are robust enough to sufficiently cover interest payments, which is a positive sign for investors concerned about the company's financial health in the face of obligations.
For those looking into deeper financial analysis, InvestingPro offers additional tips, including insights into the company's liquidity, debt management, and stock performance trends. There are 11 more InvestingPro Tips available for HWKN, which can be accessed by visiting https://www.investing.com/pro/HWKN. To enrich your investment strategy with these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
InvestingPro Data also highlights that Hawthorn Bancshares has experienced a high return over the last year, with a one-year price total return of 76.93%. The company's stock is trading near its 52-week high, at 99.01% of this peak value, reflecting a significant price uptick over the last six months. This performance, coupled with the director's recent stock purchase, may signal confidence in the company's trajectory and potential for continued growth.
As investors consider the implications of insider transactions, such as Holtaway's recent purchase, the additional context provided by InvestingPro Insights can offer a more comprehensive view of Hawthorn Bancshares' financial standing and future prospects.
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