Jonathan Holtaway, a director at Hawthorn Bancshares Inc. (NASDAQ:HWBK), has recently sold shares of the company's common stock, according to a recent SEC filing. On December 6, Holtaway sold 1,015 shares at a price of $32.25 each. This was followed by another sale on December 9, involving 389 shares at $32.05 per share. The total proceeds from these transactions amounted to $45,201. The sales come as HWBK shares have surged over 66% in the past six months, with InvestingPro data indicating the stock is trading above its Fair Value.
Following these transactions, Holtaway holds 389,615 shares indirectly through the Ategra Community Financial Institution Fund, LP. Additionally, Holtaway has a separate ownership of 28,500 shares through an IRA account. Holtaway's involvement with the Ategra Fund includes roles as an owner, managing member, and co-portfolio manager. The $224 million market cap bank has maintained a strong dividend track record, having raised its dividend for 13 consecutive years, according to InvestingPro analysis, which offers 8 additional key insights about HWBK's performance.
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