HAWTHORN BANCSHARES, INC.(HWBK)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
HWBK Stock Analysis & AI Quality Score
AI stock analysis and institutional research for HAWTHORN BANCSHARES, INC. (HWBK), a Financials sector company. HWBK is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), HAWTHORN BANCSHARES, INC. reports quarterly revenue of $20.2M, net income of $5.7M, free cash flow of $6.1M. Top institutional holders of HWBK by reported 13-F value include Ategra Capital Management,, BlackRock,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. HWBK trades on the Nasdaq exchange and files with the SEC under CIK 893847. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HWBK daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HAWTHORN BANCSHARES, INC. directly from SEC EDGAR.
Revenue
Q1 2026
$20.2M
Net Income
Q1 2026
$5.7M
Free Cash Flow
Q1 2026
$6.1M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-95.4% YoYEPS (Diluted)
-95.2% YoYTotal Assets
-2.5% YoYTotal Debt
-100.0% YoYOp. Cash Flow
-13.2% YoY| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Net Income | $956.0K -95.4% | $20.8M -7.8% | $22.5M +57.5% | $14.3M -11.3% | $16.1M +50.4% | $10.7M |
| EPS (Diluted) | $0.14 -95.2% | $2.94 -6.7% | $3.15 +54.4% | $2.04 -14.3% | $2.38 +45.1% | $1.64 |
| Total Assets | $1.88B -2.5% | $1.92B +5.0% | $1.83B +5.6% | $1.73B +16.1% | $1.49B +0.8% | $1.48B |
| Total Debt | $0.00 -100.0% | $5.2M -78.2% | $23.8M -47.2% | $45.2M +65.6% | $27.3M +10.7% | $24.6M |
| Operating Cash Flow | $17.6M -13.2% | $20.3M -32.9% | $30.2M +43.8% | $21.0M +8.4% | $19.4M +18.9% | $16.3M |
AI Insight: HWBK Financial Trends
HWBK equity base grew 27% from $138M to $175M over eight quarters while net income held steady and recently stepped up to $6M.
• Equity expanded steadily from $138M in Q2 2024 to $175M in Q1 2026, a $37M or ~27% increase.
• Net income rose from $5M per quarter to $6M starting Q2 2025, a modest but consistent step-up.
• Operating cash flow is volatile, swinging from $15M in Q4 2025 to $8M in Q1 2026 and near $0M in Q3 2025.
⚠ Op CF collapsed to $0M in Q3 2025 despite stable net income — cash conversion inconsistency warrants scrutiny.
⚠ Revenue data is entirely absent across all eight quarters, limiting margin and growth-rate analysis.
AI Insight: HWBK Ratio Trends
HWBK's return metrics peaked at Q2 2025 highs and have since retreated four consecutive quarters, with ROIC sliding from 19.1% to 16.3%.
• ROIC peaked at 19.1% in Q2 2025 and has declined four straight quarters to 16.3% in Q1 2026.
• ROE followed the same arc: 15.6% in Q2 2025 down to 13.1% in Q1 2026, erasing the prior-year improvement.
• ROA held steady at 1.3% on the TTM basis, suggesting the quarterly Q1 2026 dip to 1.2% may be partly seasonal.
⚠ ROIC at 16.3% in Q1 2026 is now below the TTM figure of 16.9% — watch whether the Q2 2025 peak proves a high-water mark.
⚠ ROA compression from 1.3% to 1.2% in Q1 2026 is modest but worth monitoring given the broader return-metric trend.
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Available Research
13F Pro tracks comprehensive data for HAWTHORN BANCSHARES, INC. including:
Top Institutional Holders of HWBK
Ategra Capital Management, LLC
$11.5M342,390 shBlackRock, Inc.
$10.5M310,672 shVANGUARD CAPITAL MANAGEMENT LLC
$8.3M246,188 shFJ Capital Management LLC
$6.4M190,710 shDIMENSIONAL FUND ADVISORS LP
$5.3M158,332 shGEODE CAPITAL MANAGEMENT, LLC
$4.6M136,802 shSTATE STREET CORP
$2.8M83,013 shBRIDGEWAY CAPITAL MANAGEMENT, LLC
$2.2M65,186 shMONETA GROUP INVESTMENT ADVISORS LLC
$1.6M48,725 shPinnacle Holdings, LLC
$1.6M46,131 sh
| Fund | Value | Shares |
|---|---|---|
| Ategra Capital Management, LLC | $11.5M | 342,390 |
| BlackRock, Inc. | $10.5M | 310,672 |
| VANGUARD CAPITAL MANAGEMENT LLC | $8.3M | 246,188 |
| FJ Capital Management LLC | $6.4M | 190,710 |
| DIMENSIONAL FUND ADVISORS LP | $5.3M | 158,332 |
| GEODE CAPITAL MANAGEMENT, LLC | $4.6M | 136,802 |
| STATE STREET CORP | $2.8M | 83,013 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $2.2M | 65,186 |
| MONETA GROUP INVESTMENT ADVISORS LLC | $1.6M | 48,725 |
| Pinnacle Holdings, LLC | $1.6M | 46,131 |
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Popular Research
Is HWBK a good stock to buy?
13F Pro's AI-powered analysis of HAWTHORN BANCSHARES, INC. (HWBK) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HWBK are available on the HWBK stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own HWBK?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HWBK. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HAWTHORN BANCSHARES, INC.'s investment landscape.