JEFFERSON CITY, Mo.—Jonathan Holtaway, a director at Hawthorn Bancshares Inc. (NASDAQ:HWBK), a $225 million market cap regional bank, recently sold shares in the company, according to a filing with the Securities and Exchange Commission. The transactions took place over two consecutive days, amid the stock's strong 66.5% surge over the past six months.
On December 4, Holtaway sold 1,817 shares at an average price of $32.21 per share. The following day, he sold an additional 5,007 shares at an average price of $31.99 per share. The total value of these transactions amounted to $218,699. According to InvestingPro data, the stock currently trades at a P/E ratio of 36.2 and offers a dividend yield of 2.4%.
Post-transaction, Holtaway holds 396,026 shares indirectly through Ategra Community Financial Institution Fund, LP, and an additional 28,500 shares through an individual retirement account (IRA). According to the filing, Holtaway is an owner and managing member of the general partner of the Ategra Fund, as well as the president and co-portfolio manager of the registered investment advisor that manages the fund. Holtaway has disclaimed beneficial ownership of the securities, except to the extent of his pecuniary interest. InvestingPro analysis suggests the stock is currently overvalued, with 8 additional key insights available to subscribers.
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