HWBK
Hawthorn Bancshares, Inc.
HWBK's fundamentals are strong: revenue grew 12% and its operating margin rose 2 points to 37%. At 10x earnings, it's trading in line with its usual 10x.
HWBK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
HWBK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like HWBK.
HWBK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.5x | $28.38 | -28% |
| Fair | 10x | $37.82 | -4% |
| Current | 10x | $39.40 | — |
| Expensive | 12x | $45.45 | +15% |
Historical ranges are pointers, not guarantees.
HWBK's PE is in its fair range at 10x.
HWBK Forward outlook
There aren't enough analyst estimates for HWBK to show an outlook.
HWBK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $3.80 | +19% |
| Q2 2026 | $3.67 | +24% |
| Q1 2026 | $3.49 | +27% |
| Q4 2025 | $3.43 | +31% |
| Q3 2025 | $3.19 | +258% |
| Q2 2025 | $2.97 | +403% |
| Q1 2025 | $2.75 | +848% |
| Q4 2024 | $2.61 | +2075% |
HWBK's earnings per share have climbed steadily: $3.80 over the past year, up 19% from the year before, and higher year over year for eight quarters in a row.
HWBK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23M | +12% |
| Q2 2026 | $22.6M | +15% |
| Q1 2026 | $20.2M | +7.7% |
| Q4 2025 | $21.2M | +12% |
| Q3 2025 | $20.6M | +14% |
| Q2 2025 | $19.7M | +8.4% |
| Q1 2025 | $18.8M | +5.6% |
| Q4 2024 | $18.9M | +4.8% |
HWBK's revenue has grown year over year for 11 quarters in a row: $23M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | -2.7 points |
| Q2 2026 | 39% | +1.6 points |
| Q1 2026 | 36% | +2.3 points |
| Q4 2025 | 37% | +7.4 points |
| Q3 2025 | 38% | +6.7 points |
| Q2 2025 | 38% | +6.5 points |
| Q1 2025 | 33% | +2.8 points |
| Q4 2024 | 30% | +84 points |
HWBK's operating margin was 35% last quarter, down 2.7 points from the same quarter a year ago.
HWBK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2.1M | -$1.4M |
| Q2 2026 | $9.5M | +87% |
| Q1 2026 | $6.1M | +12% |
| Q4 2025 | $13M | +1196% |
| Q3 2025 | -$734K | -109% |
| Q2 2025 | $5.1M | -39% |
| Q1 2025 | $5.5M | +8% |
| Q4 2024 | $1M | -78% |
HWBK's free cash flow was $27M over the past year, up 145% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HWBK.
HWBK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +111K shares |
| 1 year | +1.4% | +95.3K shares |
| 3 years | -0.3% | -22K shares |
| 5 years | -2% | -140K shares |
| Available history | -4.4% | -325K shares |
HWBK has 7M diluted shares, up 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $4,000 |
| Q1 2026 | $400,000 |
| Q4 2025 | $331,000 |
| Q3 2025 | $308,000 |
| Q2 2025 | $1.8M |
| Q1 2025 | $440,000 |
| Q4 2024 | $13,000 |
HWBK spent $735,000 buying back its own shares over the past year, down 71% from the year before.
HWBK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.0x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -3.1x | Net Cash |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | -3.4x | Net Cash |
| Q2 2025 | -3.7x | Net Cash |
| Q1 2025 | -4.1x | Net Cash |
| Q4 2024 | -2.1x | Net Cash |
HWBK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HWBK.
HWBK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.2 | Neutral |
| Stochastic | 71.1 | Neutral |
HWBK's weekly RSI is 57 (neutral) and its Stochastic is 71 (neutral).
HWBK PE vs Financial Services Sector
| Metric | HWBK | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 20% below |
| PE % | 62 | 63 | 1 pt below |
HWBK is trading at 10x earnings, a 20% discount to the Financial Services sector's median of 13x.
HWBK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.7 | 1.9% above |
| 20 week MA | $39.0 | 0.9% above |
| 50 week MA | $36.4 | 8.2% above |
| 100 week MA | $33.3 | 18% above |
| 200 week MA | $27.3 | 44% above |
HWBK is in an uptrend: it's above all five of its weekly moving averages, and 44% above its 200-week average.
HWBK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.3 | $19.6 | -8.1% |
| 2021 | $19.6 | $23.1 | +18% |
| 2022 | $23.1 | $20.4 | -12% |
| 2023 | $20.4 | $25.4 | +25% |
| 2024 | $25.4 | $28.3 | +12% |
| 2025 | $28.3 | $32.2 | +14% |
| 2026 YTD | $32.2 | $39.4 | +22% |
HWBK has finished higher in four of the last six years. It's up 22% so far in 2026.