JEFFERSON CITY, Mo. - Hawthorn Bancshares, Inc. (NASDAQ: HWBK), the parent company of Hawthorn Bank, announced today the appointment of Bob Regnier as an advisory member to the Board of Directors for both the bank and the holding company. Regnier, a seasoned figure in community banking, will play a strategic advisory role, aiming to broaden Hawthorn Bank's community banking model within the Kansas City metro area.
CEO Brent Giles expressed enthusiasm for Regnier's appointment, citing his extensive experience in community banking and his positive influence on Kansas City through his leadership and community engagement. Giles and Regnier have a history of mutual respect in the banking industry, with both having led successful regional banks and overseeing their sales in 2019.
Regnier's addition to the board is part of Hawthorn Bank's ongoing commitment to innovation and community-focused banking solutions. The bank, which has served Missouri communities for over 150 years and manages nearly $2 billion in assets, recently expanded its presence with a new banking center in Clay County, serving the Kansas City Northland.
This strategic move is expected to enhance Hawthorn Bank's influence and partnerships in the region, with Regnier contributing to the bank's growth and strategic direction. The information regarding this appointment is based on a press release statement by Hawthorn Bancshares, Inc.
In other recent news, Hawthorn Bancshares, a financial holding company, has announced a quarterly cash dividend of $0.19 per common share. This dividend is scheduled for payment on October 1, 2024, to shareholders of record as of September 15, 2024. The company's decision to declare dividends indicates its ongoing commitment to return value to its shareholders and reflects its financial performance and outlook. Hawthorn Bancshares, based in Jefferson City, Missouri, operates Hawthorn Bank, which serves various communities across Missouri. In a recent press release, the company included a standard disclaimer regarding forward-looking statements, reminding investors that actual results could differ from those projected due to risks and uncertainties. This development is part of the recent happenings surrounding the company.
InvestingPro Insights
Hawthorn Bancshares, Inc. (NASDAQ: HWBK) has recently celebrated a significant milestone, having raised its dividend for 12 consecutive years, reflecting a strong commitment to shareholder returns. This achievement complements the company's impressive track record of maintaining dividend payments for a quarter of a century. Meanwhile, investors have been rewarded with a strong performance in the short term, as HWBK has seen a robust return over the last month, with a 17.0% increase, and an even more impressive return over the last three months, at 22.67%.
In terms of financial metrics, HWBK's market capitalization stands at $166.7 million, which is relatively modest and may appeal to investors looking for potential growth in smaller companies. However, the company is trading at a high earnings multiple, with a P/E ratio of 39.7, indicating that the market has high expectations for future earnings growth. The InvestingPro data also reveals a 3.2% dividend yield, which is an attractive figure for income-focused investors, especially considering the company's consistent dividend history.
For investors considering Hawthorn Bancshares as a potential addition to their portfolio, it's worth noting that there are additional InvestingPro Tips available. These tips provide deeper insights into the company's financial health and future prospects. InvestingPro currently lists six more tips for HWBK, which can be found at: https://www.investing.com/pro/HWBK.
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