Hawthorn Bancshares, Inc. (HWBK) vs National Bankshares, Inc. (NKSH)

Hawthorn Bancshares, Inc. and National Bankshares, Inc. are both Banks Regional companies. Hawthorn Bancshares, Inc. and National Bankshares, Inc. are of similar size ($268.4M and $251.1M). Hawthorn Bancshares, Inc. trades at the lower P/E: 10.5× against 12.4×. National Bankshares, Inc. has the higher net margin (23.2% vs 22.0%) and the higher return on invested capital (11.2% vs 8.53%). Both pay a dividend; National Bankshares, Inc. yields more (3.87% vs 2.15%). Across the 18 metrics below, Hawthorn Bancshares, Inc. leads on 11 and National Bankshares, Inc. on 7.

Valuation

Metric HWBK NKSH Banks Regional median
P/E 10.50 12.39 12.02
P/S 2.31 2.88 2.36
P/B 1.46 1.31 1.23
Price to free cash flow 8.92 13.65 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.53% 8.07% 8.21%
Free cash flow yield 11.21% 7.33% 9.23%

Profitability

Metric HWBK NKSH Banks Regional median
Gross margin 73.76% 69.15% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.03% 23.22% 18.82%
Free cash flow margin 25.93% 21.07% 17.97%
Return on equity 14.95% 11.25% 10.28%
Return on assets 1.39% 1.12% 1.13%
Return on invested capital 8.53% 11.23% 8.45%

Growth

Metric HWBK NKSH Banks Regional median
Revenue growth (TTM) 5.28% 5.28% 6.37%
EPS growth (last fiscal year) 31.42% 100.81% 18.85%
Revenue growth, 5-year CAGR 7.51% 10.43% 12.65%
Net income growth, 5-year CAGR 10.74% (0.31%) 9.81%

Health

Metric HWBK NKSH Banks Regional median
Debt to equity 0.43 0.00 0.17
Current ratio 0.97 0.65 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric HWBK NKSH Banks Regional median
Dividend yield 2.15% 3.87% 2.49%
Payout ratio 0.23 0.48 0.29

Size

Metric HWBK NKSH Banks Regional median
Market cap 268.37m 251.07m 934.85m

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