HAWTHORN BANCSHARES, INC. (HWBK)

National Commercial Banks

Latest Price

$39.18

TTM P/E

10.68

Normalized P/E

15.22

Div Yield

1.58%

Book Value

26.50

P/B Ratio

1.48

Valuation metrics

EPS: $3.43

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$51.45

+31% upside

32.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Ategra Capital Management, LLC	342.4K	$13.0M	4.97%	--	2026-06-30
BlackRock, Inc.	335.3K	$13.0M	4.86%	+24.6K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	250.7K	$9.0M	3.64%	+4.5K	2026-06-30
FJ Capital Management LLC	190.7K	$7.0M	2.77%	--	2026-06-30
DIMENSIONAL FUND ADVISORS LP	161.6K	$6.0M	2.34%	+3.3K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	149.0K	$5.0M	2.16%	+12.2K	2026-06-30
STATE STREET CORP	84.8K	$3.0M	1.23%	+1.8K	2026-06-30
BRIDGEWAY CAPITAL MANAGEMENT, LLC	64.8K	$2.0M	0.94%	-373	2026-06-30
NORTHERN TRUST CORP	48.1K	$1.0M	0.70%	+4.2K	2026-06-30
Pinnacle Holdings, LLC	46.1K	$1.0M	0.67%	-58	2026-06-30