NasdaqGS:HWBK

Stock Analysis Report

Executive Summary

Hawthorn Bancshares, Inc. operates as the bank holding company for Hawthorn Bank that provides various banking services in Missouri.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Hawthorn Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

HWBK

2.7%

US Banks

0.5%

US Market


1 Year Return

9.4%

HWBK

2.9%

US Banks

6.8%

US Market

Return vs Industry: HWBK exceeded the US Banks industry which returned 2.9% over the past year.

Return vs Market: HWBK exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

HWBKIndustryMarket
7 Day2.0%2.7%0.5%
30 Day-0.4%1.1%-0.8%
90 Day-8.9%2.7%-0.9%
1 Year11.4%9.4%5.8%2.9%9.2%6.8%
3 Year96.1%87.1%52.0%41.5%45.6%36.2%
5 Year140.0%122.7%69.2%50.7%63.2%45.4%

Price Volatility Vs. Market

How volatile is Hawthorn Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hawthorn Bancshares undervalued compared to its fair value and its price relative to the market?

10.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HWBK ($24.2) is trading above our estimate of fair value ($11.98)

Significantly Below Fair Value: HWBK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HWBK is good value based on its PE Ratio (10.9x) compared to the Banks industry average (12.5x).

PE vs Market: HWBK is good value based on its PE Ratio (10.9x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HWBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HWBK is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Hawthorn Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HWBK's forecast earnings growth (2.1% per year) is below the savings rate (2.7%).

Earnings vs Market: HWBK's earnings (2.1% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: HWBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if HWBK's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if HWBK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HWBK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Hawthorn Bancshares performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HWBK's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: HWBK's earnings growth over the past year (216.6%) exceeds its 5-year average (4% per year).

Earnings vs Industry: HWBK earnings growth over the past year (216.6%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: HWBK's Return on Equity (12.7%) is considered low.


Return on Assets

ROA vs Industry: HWBK's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate HWBK's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Hawthorn Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: HWBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: HWBK's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: HWBK's level of assets compared to its equity is moderate.

Allowance for Bad Loans: HWBK has a sufficient allowance for bad loans.

Low Risk Liabilities: HWBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: HWBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: HWBK's loans are broadly funded by customer deposits.

Level of Bad Loans: HWBK has an appropriate level of bad loans (0.5%)


Next Steps

Dividend

What is Hawthorn Bancshares's current dividend yield, its reliability and sustainability?

1.98%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: HWBK's dividend (1.98%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: HWBK's dividend (1.98%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: HWBK's dividend payments have been volatile in the past 10 years.

Growing Dividend: HWBK's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.2%), HWBK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Hawthorn Bancshares's salary, the management and board of directors tenure and is there insider trading?

7.8yrs

Average management tenure


CEO

David Turner (62yo)

8.8yrs

Tenure

US$645,789

Compensation

Mr. David T. Turner has been the Chairman and Chief Executive Officer of Hawthorn Bancshares, Inc. since January 1, 2011. Mr. Turner has been the President of Hawthorn Bancshares, Inc. since March 2002. He ...


CEO Compensation Analysis

Compensation vs. Market: David's total compensation ($USD645.79K) is below average for companies of similar size in the US market ($USD1.16M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.8yrs

Average Tenure

62yo

Average Age

Experienced Management: HWBK's management team is seasoned and experienced (7.8 years average tenure).


Board Age and Tenure

5.1yrs

Average Tenure

62.5yo

Average Age

Experienced Board: HWBK's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

Insider Buying: HWBK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$43,43027 Aug 19
Frank Burkhead
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$21.71
BuyUS$23,31019 Dec 18
Gus Wetzel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,040
Max PriceUS$22.41
BuyUS$11,65519 Dec 18
Kathleen Bruegenhemke
EntityIndividual
Role
Member of the Board of Directors
Senior VP
Shares520
Max PriceUS$22.41
BuyUS$11,65519 Dec 18
David Turner
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares520
Max PriceUS$22.41
BuyUS$11,65519 Dec 18
Philip Freeman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares520
Max PriceUS$22.41
BuyUS$11,65519 Dec 18
Kevin Riley
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares520
Max PriceUS$22.41

Ownership Breakdown


Management Team

  • David Turner (62yo)

    Chairman

    • Tenure: 8.8yrs
    • Compensation: US$645.79k
  • Kathleen Bruegenhemke (53yo)

    Senior VP

    • Tenure: 2.6yrs
    • Compensation: US$254.51k
  • W. Phelps (68yo)

    Chief Financial Officer

    • Tenure: 7.8yrs
    • Compensation: US$268.21k

Board Members

  • David Turner (62yo)

    Chairman

    • Tenure: 8.8yrs
    • Compensation: US$645.79k
  • Charles Dudenhoeffer (79yo)

    Advisory Director

    • Tenure: 5yrs
    • Compensation: US$31.53k
  • Kathleen Bruegenhemke (53yo)

    Senior VP

    • Tenure: 2.6yrs
    • Compensation: US$254.51k
  • Philip Freeman (65yo)

    Independent Director

    • Tenure: 26.8yrs
    • Compensation: US$36.70k
  • James Loyd (87yo)

    Advisory Director

    • Tenure: 12.9yrs
  • Kevin Riley (63yo)

    Independent Director

    • Tenure: 24.8yrs
    • Compensation: US$36.10k
  • Gus Wetzel (78yo)

    Advisory Director

    • Tenure: 3.3yrs
    • Compensation: US$31.20k
  • Frank Burkhead (47yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$36.70k
  • Jon Holtaway (48yo)

    Director

    • Tenure: 0.6yrs
  • Jack Wetzel (40yo)

    Director

    • Tenure: 0.9yrs
    • Compensation: US$12.60k

Company Information

Hawthorn Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hawthorn Bancshares, Inc.
  • Ticker: HWBK
  • Exchange: NasdaqGS
  • Founded: 1865
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$151.885m
  • Shares outstanding: 6.28m
  • Website: https://www.hawthornbancshares.com

Number of Employees


Location

  • Hawthorn Bancshares, Inc.
  • 132 East High Street
  • Box 688
  • Jefferson City
  • Missouri
  • 65102
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HWBKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2000

Biography

Hawthorn Bancshares, Inc. operates as the bank holding company for Hawthorn Bank that provides various banking services in Missouri. The company offers checking and savings accounts, and certificates of de ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:35
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.