Hawthorn Bancshares (HWBK)
NASDAQ:HWBK
Want to see HWBK full AI Analyst Report?
Top Page
Hawthorn Bancshares
(NASDAQ:HWBK)
Select Model
Select Model
Rating:75Outperform
Price Target:
$41.00
▲(22.21% Upside)
Action:Reiterated
Date:06/09/26
The score is driven primarily by improved financial performance (profitability recovery, better leverage, and solid cash generation). Technicals add support via a clear uptrend, while valuation is favorable on a low P/E with a dividend. Corporate events are a mild positive, led by the announced acquisition and supportive governance outcomes.
Positive Factors
Improved Capital Structure
A materially lower debt-to-equity ratio and rising equity (to $175.4M) provide durable capital flexibility. Stronger leverage supports lending capacity, regulatory cushions and M&A funding without immediate capital raises, reducing financial risk across economic cycles.
Negative Factors
Earnings Volatility
A sharp ROE collapse in 2023 followed by recovery shows earnings sensitivity to rate and credit cycles. Persistent cyclicality raises risk to capital and dividend consistency, and makes multi-quarter earnings visibility weaker for investors and management planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Capital Structure
A materially lower debt-to-equity ratio and rising equity (to $175.4M) provide durable capital flexibility. Stronger leverage supports lending capacity, regulatory cushions and M&A funding without immediate capital raises, reducing financial risk across economic cycles.
Read all positive factors
Hawthorn Bancshares (HWBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$249.45M
Dividend Yield2.39%
Average Volume (3M)9.63K
Price to Earnings (P/E)10.5
Beta (1Y)0.44
Revenue Growth2.72%
EPS Growth27.37%
CountryUS
Employees255
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.63
Shares Outstanding6,896,585
10 Day Avg. Volume15,383
30 Day Avg. Volume9,627
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.40
Price to Sales (P/S)2.17
P/FCF Ratio10.67
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue2.72
Enterprise Value/Gross Profit3.76
Enterprise Value/Ebitda9.49
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hawthorn Bancshares Business Overview & Revenue Model
Company Description
Hawthorn Bancshares, Inc. functions as the parent holding company for Hawthorn Bank, which delivers a full spectrum of financial services to both commercial clients and individual consumers. The institution offers various deposit accounts, such as...
How the Company Makes Money
Hawthorn Bancshares primarily makes money through its banking subsidiary by earning (1) net interest income and (2) noninterest income. Net interest income is generated from interest and fees collected on loans (such as commercial real estate, com...
Hawthorn Bancshares Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 113.90M | 112.08M | 109.67M | 87.96M | 83.22M | 81.39M |
| Gross Profit | 82.22M | 79.95M | 71.88M | 52.79M | 73.63M | 77.18M |
| EBITDA | 32.62M | 31.34M | 24.01M | 2.54M | 27.23M | 30.50M |
| Net Income | 25.19M | 23.80M | 18.26M | 956.00K | 20.75M | 22.52M |
Balance Sheet | ||||||
| Total Assets | 1.86B | 1.89B | 1.83B | 1.88B | 1.92B | 1.83B |
| Cash, Cash Equivalents and Short-Term Investments | 313.73M | 177.90M | 270.65M | 282.19M | 337.38M | 468.85M |
| Total Debt | 148.72M | 155.46M | 132.69M | 157.70M | 154.21M | 152.57M |
| Total Liabilities | 1.68B | 1.72B | 1.68B | 1.74B | 1.80B | 1.68B |
| Stockholders Equity | 175.39M | 174.23M | 149.55M | 136.09M | 127.41M | 148.96M |
Cash Flow | ||||||
| Free Cash Flow | 23.48M | 22.84M | 22.59M | 15.51M | 17.71M | 29.62M |
| Operating Cash Flow | 29.16M | 26.92M | 25.59M | 17.61M | 20.28M | 30.21M |
| Investing Cash Flow | 32.18M | -6.86M | 1.25M | 54.19M | -206.53M | -127.53M |
| Financing Cash Flow | -61.68M | 33.26M | -69.30M | -62.07M | 110.07M | 76.87M |
Hawthorn Bancshares Technical Analysis
Positive
33.55
Price Trends
35.28
Positive
34.40
Positive
32.94
Positive
Market Momentum
0.53
Negative
61.97
Neutral
64.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HWBK, the sentiment is Positive. The current price of 33.55 is below the 20-day moving average (MA) of 36.15, below the 50-day MA of 35.28, and above the 200-day MA of 32.94, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 61.97 is Neutral, neither overbought nor oversold. The STOCH value of 64.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HWBK.
Hawthorn Bancshares Risk Analysis
Hawthorn Bancshares disclosed 38 risk factors in its most recent earnings report. Hawthorn Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hawthorn Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $249.45M | 10.45 | 14.66% | 2.39% | 2.72% | 27.37% | |
74 Outperform | $255.62M | 12.91 | 7.26% | 3.50% | 0.47% | 71.88% | |
74 Outperform | $249.07M | 11.28 | 5.28% | ― | 1.82% | -5.15% | |
71 Outperform | $245.70M | 8.77 | 11.06% | 2.55% | 9.67% | 30.37% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $243.04M | 10.31 | 8.48% | 5.32% | -2.49% | 41.73% | |
61 Neutral | $297.35M | 13.91 | 11.74% | 2.07% | 12.56% | 28.20% |
* Financial Sector Average
HWBK
Hawthorn Bancshares
38.09
10.21
36.64%
CFFI
C&F Financial
76.16
17.72
30.32%
FCCO
First Community
31.25
9.47
43.47%
LCNB
LCNB
16.75
3.26
24.12%
BPRN
Bank of Princeton
37.02
8.80
31.16%
CBNA
Chain Bridge Bancorp, Inc. Class A
37.29
13.26
55.18%
Hawthorn Bancshares Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Hawthorn Bancshares Shareholders Back Directors and Governance Proposals
Positive
Jun 8, 2026
Hawthorn Bancshares, Inc. held its 2026 Annual Meeting of Shareholders on June 2, 2026, where investors elected four Class I directors to three-year terms and ratified Forvis Mazars, LLP as the independent auditor for the 2026 fiscal year. Shareho...
DividendsFinancial Disclosures
Hawthorn Bancshares Posts Strong Q1 2026 Earnings Growth
Positive
Apr 29, 2026
On April 29, 2026, Hawthorn Bancshares reported first-quarter 2026 net income of $6.8 million, up 25.9% from a year earlier, with diluted EPS rising to $0.98 and efficiency improving as higher net interest margin and stronger non-interest income o...
Business Operations and StrategyExecutive/Board Changes
Hawthorn Bancshares Adds Veteran Banker to Board
Positive
Apr 29, 2026
On April 29, 2026, Hawthorn Bancshares, Inc. and its subsidiary Hawthorn Bank expanded their boards by one seat each and appointed Kansas City–based investor and former community banking executive Grant T. Burcham as a Class III director, wi...
Business Operations and StrategyM&A Transactions
Hawthorn Bancshares to Acquire FSC Bancshares in Merger
Positive
Apr 29, 2026
On April 29, 2026, Hawthorn Bancshares, Inc. announced an agreement to acquire FSC Bancshares, Inc. in a cash-and-stock transaction valued at about $28.3 million, with FSC shareholders set to receive $14 million in cash and 413,101 Hawthorn shares...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.