Want to see HWBK full AI Analyst Report?
Top Page
Hawthorn Bancshares
(NASDAQ:HWBK)
Select Model
Select Model
Rating:76Outperform
Price Target:
$45.00
▲(15.15% Upside)
Action:Reiterated
Date:09/10/26
The score is driven primarily by improving fundamentals (rebounding profitability/returns and stronger TTM cash generation). Valuation is also supportive with a low P/E and a dividend. Technicals are modestly positive (price above key moving averages with neutral RSI). Corporate events are net constructive due to the completed merger, tempered by leadership loss and integration risk.
Positive Factors
Expanded Missouri Scale
The completed FSC Bancshares merger materially increases Hawthorn’s Missouri footprint, asset scale, customer reach, and branch network. Greater scale can support broader product offerings, stronger local-market competitiveness, and operating efficiencies as the combined institution integrates.
Negative Factors
Leadership Continuity Risk
The loss of a long-serving director removes experience and a respected voice from Hawthorn’s governance structure during a period of strategic expansion. Replacing that perspective may take time and could complicate continuity in oversight, decision-making, and merger-related execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanded Missouri Scale
The completed FSC Bancshares merger materially increases Hawthorn’s Missouri footprint, asset scale, customer reach, and branch network. Greater scale can support broader product offerings, stronger local-market competitiveness, and operating efficiencies as the combined institution integrates.
Read all positive factors
Hawthorn Bancshares (HWBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$272.78M
Dividend Yield2.06%
Average Volume (3M)14.26K
Price to Earnings (P/E)10.4
Beta (1Y)0.44
Revenue Growth4.90%
EPS Growth24.16%
CountryUS
Employees269
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.82
Shares Outstanding6,900,678
10 Day Avg. Volume12,676
30 Day Avg. Volume14,258
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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 makes money primarily through its banking subsidiary by earning interest and fees on financial products and services. The largest driver is net interest income: the bank generates interest income from loans (such as commercial ...
Hawthorn Bancshares Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 116.42M | 112.08M | 109.67M | 87.96M | 83.22M | 81.39M |
| Gross Profit | 85.12M | 79.95M | 71.88M | 52.79M | 73.63M | 77.18M |
| EBITDA | 33.48M | 31.34M | 24.01M | 2.54M | 27.23M | 30.50M |
| Net Income | 26.42M | 23.80M | 18.26M | 956.00K | 20.75M | 22.52M |
Balance Sheet | ||||||
| Total Assets | 1.77B | 1.89B | 1.83B | 1.88B | 1.92B | 1.83B |
| Cash, Cash Equivalents and Short-Term Investments | 256.38M | 177.90M | 270.65M | 282.19M | 337.38M | 468.85M |
| Total Debt | 83.54M | 155.46M | 132.69M | 157.70M | 154.21M | 152.57M |
| Total Liabilities | 1.59B | 1.72B | 1.68B | 1.74B | 1.80B | 1.68B |
| Stockholders Equity | 182.79M | 174.23M | 149.55M | 136.09M | 127.41M | 148.96M |
Cash Flow | ||||||
| Free Cash Flow | 27.91M | 22.84M | 22.59M | 15.51M | 17.71M | 29.62M |
| Operating Cash Flow | 33.58M | 26.92M | 25.59M | 17.61M | 20.28M | 30.21M |
| Investing Cash Flow | 44.19M | -6.86M | 1.25M | 54.19M | -206.53M | -127.53M |
| Financing Cash Flow | -145.33M | 33.26M | -69.30M | -62.07M | 110.07M | 76.87M |
Hawthorn Bancshares Technical Analysis
Positive
39.08
Price Trends
39.09
Positive
37.57
Positive
35.48
Positive
Market Momentum
0.14
Negative
57.21
Neutral
73.82
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 39.08 is below the 20-day moving average (MA) of 39.41, below the 50-day MA of 39.09, and above the 200-day MA of 35.48, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 57.21 is Neutral, neither overbought nor oversold. The STOCH value of 73.82 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $304.57M | 11.50 | 15.42% | ― | 14.46% | 23.69% | |
76 Outperform | $272.78M | 10.43 | 15.15% | 2.06% | 4.90% | 24.16% | |
75 Outperform | $270.42M | 11.10 | 8.92% | 4.58% | -2.20% | 15.53% | |
75 Outperform | $296.71M | 11.44 | 9.48% | 3.21% | -2.70% | 296.51% | |
74 Outperform | $304.52M | 10.44 | 10.99% | 2.01% | 8.95% | 18.66% | |
73 Outperform | $319.31M | 12.56 | 11.89% | 1.90% | 15.68% | 20.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
HWBK
Hawthorn Bancshares
39.86
8.09
25.46%
CFFI
C&F Financial
93.62
25.07
36.57%
FCCO
First Community
34.15
6.63
24.09%
LCNB
LCNB
19.20
3.77
24.43%
BPRN
Bank of Princeton
43.59
12.03
38.13%
CBNA
Chain Bridge Bancorp, Inc. Class A
46.67
15.14
48.02%
Hawthorn Bancshares Corporate Events
Executive/Board Changes
Hawthorn Bancshares Mourns Passing of Board Director Holtaway
Negative
Sep 10, 2026
Hawthorn Bancshares announced on September 10, 2026, that Board Director Jonathan “Jon” Holtaway, who had served since 2019 and was a respected voice in community banking, passed away on September 4, 2026, at age 55. Management highlig...
Business Operations and StrategyM&A Transactions
Hawthorn Bancshares completes merger, expands Missouri footprint
Positive
Sep 4, 2026
On September 3, 2026, Hawthorn Bancshares completed its merger with FSC Bancshares, along with the consolidation of Farmers State Bank into Hawthorn Bank, creating a combined institution with approximately $2.2 billion in total assets. The deal ex...
DividendsFinancial Disclosures
Hawthorn Bancshares Posts Strong Q2 Earnings Growth
Positive
Jul 29, 2026
On July 29, 2026, Hawthorn Bancshares reported second quarter 2026 net income of $7.3 million, up 20.1% from a year earlier, with diluted EPS rising to $1.06 and net interest margin improving to 4.16%. Despite modest declines in loans and deposits...
Business Operations and StrategyM&A Transactions
Hawthorn Bancshares Advances FSC Bancshares Acquisition Plans
Positive
Jul 15, 2026
On April 29, 2026, Hawthorn Bancshares, Inc. agreed to acquire FSC Bancshares, Inc. through a reorganization involving its wholly owned subsidiary Hawthorn Holdco, Inc., marking a strategic expansion of its Missouri banking footprint. As of July 1...
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.