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Hawthorn Bancshares (HWBK) Competitors

Hawthorn Bancshares logo
$40.31 0.00 (0.00%)
Closing price 08/7/2026 04:00 PM Eastern
Extended Trading
$40.27 -0.04 (-0.10%)
As of 08/7/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

HWBK vs. HBNC, MBWM, EQBK, CCNE, and BFST

Should you buy Hawthorn Bancshares stock or one of its competitors? MarketBeat compares Hawthorn Bancshares with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Hawthorn Bancshares include Horizon Bancorp (IN) (HBNC), Mercantile Bank (MBWM), Equity Bancshares (EQBK), CNB Financial (CCNE), and Business First Bancshares (BFST). These companies are all part of the "regional banks" industry.

How does Hawthorn Bancshares compare to Horizon Bancorp (IN)?

Hawthorn Bancshares (NASDAQ:HWBK) and Horizon Bancorp (IN) (NASDAQ:HBNC) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, media sentiment, dividends, valuation, profitability, institutional ownership, earnings and analyst recommendations.

Horizon Bancorp (IN) has a consensus target price of $22.33, indicating a potential upside of 9.37%. Given Horizon Bancorp (IN)'s higher possible upside, analysts clearly believe Horizon Bancorp (IN) is more favorable than Hawthorn Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hawthorn Bancshares
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
Horizon Bancorp (IN)
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

30.7% of Hawthorn Bancshares shares are owned by institutional investors. Comparatively, 64.5% of Horizon Bancorp (IN) shares are owned by institutional investors. 22.9% of Hawthorn Bancshares shares are owned by insiders. Comparatively, 1.2% of Horizon Bancorp (IN) shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Hawthorn Bancshares has a beta of 0.45, meaning that its share price is 55% less volatile than the broader market. Comparatively, Horizon Bancorp (IN) has a beta of 0.82, meaning that its share price is 18% less volatile than the broader market.

Hawthorn Bancshares has higher earnings, but lower revenue than Horizon Bancorp (IN). Horizon Bancorp (IN) is trading at a lower price-to-earnings ratio than Hawthorn Bancshares, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hawthorn Bancshares$111.97M2.48$23.80M$3.8210.55
Horizon Bancorp (IN)$405.46M2.59-$150.48M-$3.16N/A

In the previous week, Horizon Bancorp (IN) had 5 more articles in the media than Hawthorn Bancshares. MarketBeat recorded 5 mentions for Horizon Bancorp (IN) and 0 mentions for Hawthorn Bancshares. Hawthorn Bancshares' average media sentiment score of 1.00 beat Horizon Bancorp (IN)'s score of 0.46 indicating that Hawthorn Bancshares is being referred to more favorably in the media.

Company Overall Sentiment
Hawthorn Bancshares Positive
Horizon Bancorp (IN) Neutral

Hawthorn Bancshares pays an annual dividend of $0.84 per share and has a dividend yield of 2.1%. Horizon Bancorp (IN) pays an annual dividend of $0.64 per share and has a dividend yield of 3.1%. Hawthorn Bancshares pays out 22.0% of its earnings in the form of a dividend. Horizon Bancorp (IN) pays out -20.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Hawthorn Bancshares has increased its dividend for 5 consecutive years. Horizon Bancorp (IN) is clearly the better dividend stock, given its higher yield and lower payout ratio.

Hawthorn Bancshares has a net margin of 22.77% compared to Horizon Bancorp (IN)'s net margin of -36.38%. Hawthorn Bancshares' return on equity of 15.40% beat Horizon Bancorp (IN)'s return on equity.

Company Net Margins Return on Equity Return on Assets
Hawthorn Bancshares22.77% 15.40% 1.39%
Horizon Bancorp (IN) -36.38%13.52%1.40%

Summary

Horizon Bancorp (IN) beats Hawthorn Bancshares on 10 of the 19 factors compared between the two stocks.

How does Hawthorn Bancshares compare to Mercantile Bank?

Mercantile Bank (NASDAQ:MBWM) and Hawthorn Bancshares (NASDAQ:HWBK) are both small-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, media sentiment, institutional ownership, risk, profitability and earnings.

In the previous week, Mercantile Bank had 1 more articles in the media than Hawthorn Bancshares. MarketBeat recorded 1 mentions for Mercantile Bank and 0 mentions for Hawthorn Bancshares. Hawthorn Bancshares' average media sentiment score of 1.00 beat Mercantile Bank's score of 0.59 indicating that Hawthorn Bancshares is being referred to more favorably in the news media.

Company Overall Sentiment
Mercantile Bank Positive
Hawthorn Bancshares Positive

Mercantile Bank has a beta of 0.79, suggesting that its share price is 21% less volatile than the broader market. Comparatively, Hawthorn Bancshares has a beta of 0.45, suggesting that its share price is 55% less volatile than the broader market.

Mercantile Bank has a net margin of 24.75% compared to Hawthorn Bancshares' net margin of 22.77%. Hawthorn Bancshares' return on equity of 15.40% beat Mercantile Bank's return on equity.

Company Net Margins Return on Equity Return on Assets
Mercantile Bank24.75% 13.66% 1.46%
Hawthorn Bancshares 22.77%15.40%1.39%

Mercantile Bank currently has a consensus price target of $60.40, indicating a potential downside of 0.49%. Given Mercantile Bank's higher probable upside, analysts clearly believe Mercantile Bank is more favorable than Hawthorn Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Mercantile Bank
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43
Hawthorn Bancshares
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

Mercantile Bank has higher revenue and earnings than Hawthorn Bancshares. Hawthorn Bancshares is trading at a lower price-to-earnings ratio than Mercantile Bank, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Mercantile Bank$371.80M2.82$88.75M$5.6810.69
Hawthorn Bancshares$111.97M2.48$23.80M$3.8210.55

58.6% of Mercantile Bank shares are owned by institutional investors. Comparatively, 30.7% of Hawthorn Bancshares shares are owned by institutional investors. 2.5% of Mercantile Bank shares are owned by insiders. Comparatively, 22.9% of Hawthorn Bancshares shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Mercantile Bank pays an annual dividend of $1.56 per share and has a dividend yield of 2.6%. Hawthorn Bancshares pays an annual dividend of $0.84 per share and has a dividend yield of 2.1%. Mercantile Bank pays out 27.5% of its earnings in the form of a dividend. Hawthorn Bancshares pays out 22.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Mercantile Bank has increased its dividend for 14 consecutive years and Hawthorn Bancshares has increased its dividend for 5 consecutive years. Mercantile Bank is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Summary

Mercantile Bank beats Hawthorn Bancshares on 14 of the 19 factors compared between the two stocks.

How does Hawthorn Bancshares compare to Equity Bancshares?

Hawthorn Bancshares (NASDAQ:HWBK) and Equity Bancshares (NYSE:EQBK) are both small-cap finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, media sentiment, risk, dividends, profitability, analyst recommendations, institutional ownership and valuation.

30.7% of Hawthorn Bancshares shares are owned by institutional investors. Comparatively, 71.8% of Equity Bancshares shares are owned by institutional investors. 22.9% of Hawthorn Bancshares shares are owned by company insiders. Comparatively, 14.5% of Equity Bancshares shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Hawthorn Bancshares has a beta of 0.45, meaning that its share price is 55% less volatile than the broader market. Comparatively, Equity Bancshares has a beta of 0.77, meaning that its share price is 23% less volatile than the broader market.

In the previous week, Equity Bancshares had 6 more articles in the media than Hawthorn Bancshares. MarketBeat recorded 6 mentions for Equity Bancshares and 0 mentions for Hawthorn Bancshares. Equity Bancshares' average media sentiment score of 1.16 beat Hawthorn Bancshares' score of 1.00 indicating that Equity Bancshares is being referred to more favorably in the news media.

Company Overall Sentiment
Hawthorn Bancshares Positive
Equity Bancshares Positive

Hawthorn Bancshares pays an annual dividend of $0.84 per share and has a dividend yield of 2.1%. Equity Bancshares pays an annual dividend of $0.72 per share and has a dividend yield of 1.4%. Hawthorn Bancshares pays out 22.0% of its earnings in the form of a dividend. Equity Bancshares pays out 43.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Hawthorn Bancshares has raised its dividend for 5 consecutive years and Equity Bancshares has raised its dividend for 3 consecutive years. Hawthorn Bancshares is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Hawthorn Bancshares has a net margin of 22.77% compared to Equity Bancshares' net margin of 8.26%. Hawthorn Bancshares' return on equity of 15.40% beat Equity Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
Hawthorn Bancshares22.77% 15.40% 1.39%
Equity Bancshares 8.26%13.67%1.51%

Equity Bancshares has a consensus target price of $54.17, indicating a potential upside of 6.21%. Given Equity Bancshares' higher probable upside, analysts clearly believe Equity Bancshares is more favorable than Hawthorn Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hawthorn Bancshares
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
Equity Bancshares
0 Sell rating(s)
5 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.56

Hawthorn Bancshares has higher earnings, but lower revenue than Equity Bancshares. Hawthorn Bancshares is trading at a lower price-to-earnings ratio than Equity Bancshares, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hawthorn Bancshares$111.97M2.48$23.80M$3.8210.55
Equity Bancshares$367.98M2.86$22.73M$1.6730.54

Summary

Equity Bancshares beats Hawthorn Bancshares on 11 of the 20 factors compared between the two stocks.

How does Hawthorn Bancshares compare to CNB Financial?

Hawthorn Bancshares (NASDAQ:HWBK) and CNB Financial (NASDAQ:CCNE) are both small-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their valuation, profitability, risk, media sentiment, analyst recommendations, dividends, earnings and institutional ownership.

Hawthorn Bancshares has a beta of 0.45, suggesting that its share price is 55% less volatile than the broader market. Comparatively, CNB Financial has a beta of 0.63, suggesting that its share price is 37% less volatile than the broader market.

Hawthorn Bancshares has a net margin of 22.77% compared to CNB Financial's net margin of 19.37%. Hawthorn Bancshares' return on equity of 15.40% beat CNB Financial's return on equity.

Company Net Margins Return on Equity Return on Assets
Hawthorn Bancshares22.77% 15.40% 1.39%
CNB Financial 19.37%12.85%1.26%

30.7% of Hawthorn Bancshares shares are held by institutional investors. Comparatively, 52.3% of CNB Financial shares are held by institutional investors. 22.9% of Hawthorn Bancshares shares are held by company insiders. Comparatively, 2.9% of CNB Financial shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Hawthorn Bancshares pays an annual dividend of $0.84 per share and has a dividend yield of 2.1%. CNB Financial pays an annual dividend of $0.76 per share and has a dividend yield of 2.2%. Hawthorn Bancshares pays out 22.0% of its earnings in the form of a dividend. CNB Financial pays out 24.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Hawthorn Bancshares has increased its dividend for 5 consecutive years and CNB Financial has increased its dividend for 1 consecutive years.

CNB Financial has higher revenue and earnings than Hawthorn Bancshares. Hawthorn Bancshares is trading at a lower price-to-earnings ratio than CNB Financial, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hawthorn Bancshares$111.97M2.48$23.80M$3.8210.55
CNB Financial$329.28M3.11$66.13M$3.1111.13

In the previous week, CNB Financial had 6 more articles in the media than Hawthorn Bancshares. MarketBeat recorded 6 mentions for CNB Financial and 0 mentions for Hawthorn Bancshares. Hawthorn Bancshares' average media sentiment score of 1.00 beat CNB Financial's score of 0.21 indicating that Hawthorn Bancshares is being referred to more favorably in the media.

Company Overall Sentiment
Hawthorn Bancshares Positive
CNB Financial Neutral

CNB Financial has a consensus price target of $36.00, indicating a potential upside of 4.02%. Given CNB Financial's higher possible upside, analysts clearly believe CNB Financial is more favorable than Hawthorn Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hawthorn Bancshares
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
CNB Financial
0 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.80

Summary

CNB Financial beats Hawthorn Bancshares on 11 of the 20 factors compared between the two stocks.

How does Hawthorn Bancshares compare to Business First Bancshares?

Hawthorn Bancshares (NASDAQ:HWBK) and Business First Bancshares (NASDAQ:BFST) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, media sentiment, valuation, dividends, profitability, earnings, analyst recommendations and risk.

Business First Bancshares has higher revenue and earnings than Hawthorn Bancshares. Hawthorn Bancshares is trading at a lower price-to-earnings ratio than Business First Bancshares, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hawthorn Bancshares$111.97M2.48$23.80M$3.8210.55
Business First Bancshares$516.55M2.00$87.86M$2.8211.23

30.7% of Hawthorn Bancshares shares are owned by institutional investors. Comparatively, 47.4% of Business First Bancshares shares are owned by institutional investors. 22.9% of Hawthorn Bancshares shares are owned by insiders. Comparatively, 5.7% of Business First Bancshares shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

In the previous week, Business First Bancshares had 7 more articles in the media than Hawthorn Bancshares. MarketBeat recorded 7 mentions for Business First Bancshares and 0 mentions for Hawthorn Bancshares. Hawthorn Bancshares' average media sentiment score of 1.00 beat Business First Bancshares' score of 0.77 indicating that Hawthorn Bancshares is being referred to more favorably in the media.

Company Overall Sentiment
Hawthorn Bancshares Positive
Business First Bancshares Positive

Hawthorn Bancshares has a beta of 0.45, suggesting that its share price is 55% less volatile than the broader market. Comparatively, Business First Bancshares has a beta of 0.78, suggesting that its share price is 22% less volatile than the broader market.

Hawthorn Bancshares has a net margin of 22.77% compared to Business First Bancshares' net margin of 17.07%. Hawthorn Bancshares' return on equity of 15.40% beat Business First Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
Hawthorn Bancshares22.77% 15.40% 1.39%
Business First Bancshares 17.07%11.03%1.13%

Business First Bancshares has a consensus price target of $34.50, suggesting a potential upside of 8.97%. Given Business First Bancshares' higher probable upside, analysts plainly believe Business First Bancshares is more favorable than Hawthorn Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hawthorn Bancshares
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
Business First Bancshares
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00

Hawthorn Bancshares pays an annual dividend of $0.84 per share and has a dividend yield of 2.1%. Business First Bancshares pays an annual dividend of $0.60 per share and has a dividend yield of 1.9%. Hawthorn Bancshares pays out 22.0% of its earnings in the form of a dividend. Business First Bancshares pays out 21.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Hawthorn Bancshares has increased its dividend for 5 consecutive years and Business First Bancshares has increased its dividend for 2 consecutive years. Hawthorn Bancshares is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Summary

Hawthorn Bancshares and Business First Bancshares tied by winning 9 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding HWBK and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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HWBK vs. The Competition

MetricHawthorn BancsharesBanks IndustryFinance SectorNASDAQ Exchange
Market Cap$278.14M$23.66B$14.13B$13.01B
Dividend Yield2.08%3.18%5.89%10.20%
P/E Ratio10.5528.0529.1825.03
Price / Sales2.489.56506.4884.35
Price / Cash10.5216.2030.2237.44
Price / Book1.601.393.726.43
Net Income$23.80M$2.57B$1.31B$348.10M
7 Day Performance2.47%0.16%0.53%2.68%
1 Month Performance3.44%2.85%1.01%-0.83%
1 Year Performance39.97%29.76%12.83%23.97%

Hawthorn Bancshares Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HWBK
Hawthorn Bancshares
1.8971 of 5 stars
$40.31
flat
N/A+40.0%$278.14M$111.97M10.55310
HBNC
Horizon Bancorp (IN)
3.0099 of 5 stars
$20.80
+0.2%
$22.33
+7.4%
+34.2%$1.07B$405.46MN/A910
MBWM
Mercantile Bank
3.4979 of 5 stars
$61.70
+1.6%
$60.40
-2.1%
+36.3%$1.07B$371.80M10.86670
EQBK
Equity Bancshares
4.6094 of 5 stars
$51.56
+1.1%
$54.17
+5.1%
+37.2%$1.06B$367.98M30.87700
CCNE
CNB Financial
3.1808 of 5 stars
$35.72
+0.5%
$36.00
+0.8%
+54.8%$1.06B$329.28M11.49760

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This page (NASDAQ:HWBK) was last updated on 8/10/2026 by MarketBeat.com Staff.
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