JEFFERSON CITY, Mo. – Hawthorn Bancshares, Inc. (NASDAQ: HWBK), the dad or mum firm of Hawthorn Financial institution, introduced at present the appointment of Bob Regnier as an advisory member to the Board of Administrators for each the financial institution and the holding firm. Regnier, a seasoned determine in neighborhood banking, will play a strategic advisory position, aiming to broaden Hawthorn Financial institution’s neighborhood banking mannequin inside the Kansas Metropolis metro space.
CEO Giles expressed enthusiasm for Regnier’s appointment, citing his in depth expertise in neighborhood banking and his constructive affect on Kansas Metropolis by his management and neighborhood engagement. Giles and Regnier have a historical past of mutual respect within the banking business, with each having led profitable regional banks and overseeing their gross sales in 2019.
Regnier’s addition to the board is a part of Hawthorn Financial institution’s ongoing dedication to innovation and community-focused banking options. The financial institution, which has served Missouri communities for over 150 years and manages practically $2 billion in belongings, just lately expanded its presence with a brand new banking middle in Clay County, serving the Kansas Metropolis Northland.
This strategic transfer is predicted to reinforce Hawthorn Financial institution’s affect and partnerships within the area, with Regnier contributing to the financial institution’s development and strategic path. The data concerning this appointment relies on a press launch assertion by Hawthorn Bancshares, Inc.
In different latest information, Hawthorn Bancshares, a monetary holding firm, has introduced a quarterly money dividend of $0.19 per frequent share. This dividend is scheduled for cost on October 1, 2024, to shareholders of document as of September 15, 2024. The corporate’s determination to declare dividends signifies its ongoing dedication to return worth to its shareholders and displays its monetary efficiency and outlook. Hawthorn Bancshares, based mostly in Jefferson Metropolis, Missouri, operates Hawthorn Financial institution, which serves varied communities throughout Missouri. In a latest press launch, the corporate included a regular disclaimer concerning forward-looking statements, reminding buyers that precise outcomes may differ from these projected because of dangers and uncertainties. This improvement is a part of the latest happenings surrounding the corporate.
InvestingPro Insights
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has just lately celebrated a major milestone, having raised its dividend for 12 consecutive years, reflecting a robust dedication to shareholder returns. This achievement enhances the corporate’s spectacular monitor document of sustaining dividend funds for 1 / 4 of a century. In the meantime, buyers have been rewarded with a robust efficiency within the quick time period, as HWBK has seen a sturdy return over the past month, with a 17.0% enhance, and an much more spectacular return over the past three months, at 22.67%.
By way of monetary metrics, HWBK’s market capitalization stands at $166.7 million, which is comparatively modest and should attraction to buyers on the lookout for potential development in smaller corporations. Nevertheless, the corporate is buying and selling at a excessive earnings a number of, with a P/E ratio of 39.7, indicating that the market has excessive expectations for future earnings development. The InvestingPro information additionally reveals a 3.2% dividend yield, which is a beautiful determine for income-focused buyers, particularly contemplating the corporate’s constant dividend historical past.
For buyers contemplating Hawthorn Bancshares as a possible addition to their portfolio, it is value noting that there are further InvestingPro Suggestions out there. The following pointers present deeper insights into the corporate’s monetary well being and future prospects. InvestingPro presently lists six extra ideas for HWBK, which might be discovered at: https://www.investing.com/professional/HWBK.
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