Hawthorn Bancshares Inc
Hawthorn Bancshares Inc (HWBK) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Jefferson City, United States and has 269 employees. The company is worth $278.36M and trades at 10.4x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $80.19M in fiscal 2025, up 10.0% from the year before. Net income was $23.8M. The share price is 6.3% below its 52-week high of $40.60. It pays a dividend yielding 2.21%, and has raised its annual dividend for 14 years in a row in our records. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $1.39M. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +66.5% over 5Y.
today you would have $1,985.51▲ +98.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $34.88 | $28.35 | $25.37 | $20.93 | $23.98 | $20.25 | $23.58 | $19.44 | $18.45 | $15.74 | $14.00 | $12.67 | $10.39 | $6.16 | $4.78 | $6.54 | $6.97 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 11.8% a year plus a 2.2% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 11.8 across this company’s own years on record.
Cash flow growing 11.8% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 2.8% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| ISNRSnow Rothschild Acquisition Corp. | $9.82 | — | — | 0.00% | — | $278.4M |
| NKSHNational Bankshares Inc | $43.58 | 13.7x | 1.4x | 3.44% | 11.25% | $277.63M |
| KWYKINGSWAY Corp | $9.59 | — | 21.4x | 0.00% | -17.97% | $277.45M |
| WNEBWestern New England Bancorp, Inc. |
| 11.8x |
| 10.2x |
| 10.9x |
| 181.2x |
| 7.1x |
| 7.6x |
| 10.3x |
| 10.7x |
| 12.8x |
| 36.9x |
| 14.3x |
| 10.8x |
| 10.6x |
| 14.6x |
| 34.7x |
| 32.9x |
| — |
| 13.8x |
| P/S | 2.0x | 3.0x | 2.7x | 2.7x | 2.0x | 2.3x | 2.0x | 2.8x | 2.4x | 2.3x | 2.0x | 1.7x | 1.5x | 1.2x | 0.7x | 0.5x | 0.7x | — |
| P/B | 1.1x | 1.4x | 1.3x | 1.3x | 1.2x | 1.1x | 1.1x | 1.4x | 1.3x | 1.3x | 1.1x | 1.0x | 0.9x | 0.8x | 0.4x | 0.3x | 0.4x | — |
| EPS | $3.43 | $2.61 | $0.14 | $2.94 | $3.15 | $1.96 | $2.20 | $1.52 | $0.50 | $1.10 | $1.30 | $1.20 | $0.71 | $0.18 | $0.15 | -$0.95 | $0.51 |
| Dividend yield | 2.24% | 2.26% | 2.61% | 2.65% | 3.01% | 2.24% | 2.24% | 1.80% | 1.75% | 1.30% | 1.19% | 1.26% | 1.38% | 1.61% | 2.61% | 3.24% | 2.95% | 5.53% |
| Payout | 23.06% | 23.03% | 28.35% | 481.04% | 21.40% | 17.02% | 23.10% | 19.33% | 22.40% | 48.08% | 16.97% | 13.56% | 14.52% | 23.57% | 90.64% | 106.64% | — | 76.26% |
| Profit margin | 15.88% | 29.68% | 25.04% | 1.43% | 28.53% | 29.89% | 20.95% | 27.90% | 19.87% | 6.58% | 14.96% | 17.22% | 15.88% | 9.91% | 5.54% | 5.51% | -6.64% | 9.66% |
| ROE | 9.50% | 13.66% | 12.21% | 0.70% | 16.29% | 15.12% | 10.95% | 14.01% | 10.78% | 3.74% | 8.00% | 9.85% | 9.50% | 6.69% | 3.06% | 2.77% | -3.50% | 4.60% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+31.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $13.84 |
| 16.7x |
| 1.1x |
| 2.02% |
| 6.87% |
| $277.43M |
| MTAKMarket Technology Acquisition Corp | $9.87 | — | — | 0.00% | — | $276.81M |
| XSLLXsolla SPAC 1 | $10.00 | — | 192.3x | 0.00% | — | $276.8M |