HWBKNasdaqNational Commercial BanksFiscal year ends December 31
HAWTHORN BANCSHARES, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$38.13+0.07 (+0.18%)
Close on Oct 19, 2026
- Market cap
- $263.34M
- P/E (TTM)
- 10.4
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
32.1%
2M of 7M shares
Institutional holders
69
9 new, 4 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
2 buys · 0 sales
Net bought $50.00K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Douglas Eden | 644,931 | 9.40% | 13G (passive) | Dec 11, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HWBK | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Ategra Capital Management, LLC | 342,390 | 4.96% | $13.46M | – | 6.05% |
| BlackRock, Inc. | 335,276 | 4.86% | $13.18M | +24,604 | 0.00% |
| Vanguard Capital Management LLC | 250,722 | 3.63% | $9.85M | +4,534 | 0.00% |
| FJ Capital Management LLC | 190,710 | 2.76% | $7.49M | – | 0.97% |
| Dimensional Fund Advisors LP | 161,622 | 2.34% | $6.35M | +3,290 | 0.00% |
| Geode Capital Management, LLC | 148,965 | 2.16% | $5.86M | +12,163 | 0.00% |
| State Street Corp | 84,776 | 1.23% | $3.35M | +1,763 | 0.00% |
| Bridgeway Capital Management, LLC | 64,813 | 0.94% | $2.55M | −373 | 0.04% |
| Northern Trust Corp | 48,071 | 0.70% | $1.89M | +4,226 | 0.00% |
| Pinnacle Holdings, LLC | 46,073 | 0.67% | $1.81M | −58 | 0.56% |
| Moneta Group Investment Advisors LLC | 44,745 | 0.65% | $1.76M | −3,980 | 0.01% |
| Vanguard Portfolio Management LLC | 39,180 | 0.57% | $1.54M | +5,871 | 0.00% |
| RBF Capital, LLC | 39,167 | 0.57% | $1.54M | – | 0.06% |
| Vanguard Fiduciary Trust Co | 37,750 | 0.55% | $1.48M | +1,678 | 0.00% |
| Renaissance Technologies LLC | 35,319 | 0.51% | $1.39M | +476 | 0.00% |
| Empowered Funds, LLC | 32,677 | 0.47% | $1.28M | −373 | 0.01% |
| Mercer Global Advisors Inc /Adv | 32,589 | 0.47% | $1.28M | +139 | 0.00% |
| Goldman Sachs Group Inc | 23,833 | 0.35% | $936.64K | −1,588 | 0.00% |
| American Century Companies Inc | 20,603 | 0.30% | $809.70K | – | 0.00% |
| Kestra Private Wealth Services, LLC | 20,319 | 0.29% | $798.54K | New | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 69 | 2M | 32.1% | 9 / 28 | 16 / 4 | 0M | 0M |
| Q1 2026 | 65 | 2M | 30.8% | 7 / 16 | 24 / 6 | 0M | 0M |
| Q4 2025 | 65 | 2M | 31.4% | 8 / 24 | 17 / 4 | 0M | 0M |
| Q3 2025 | 61 | 2M | 30.3% | 12 / 16 | 17 / 3 | 0M | 0M |
| Q2 2025 | 52 | 2M | 30.4% | 16 / 19 | 9 / 5 | 1M | 0M |
| Q1 2025 | 41 | 2M | 27.4% | 6 / 14 | 12 / 2 | 0M | 0M |
| Q4 2024 | 37 | 2M | 27.5% | 4 / 16 | 7 / 2 | 0M | 0M |
| Q3 2024 | 35 | 2M | 27.7% | 6 / 10 | 9 / 2 | 0M | 0M |
| Q2 2024 | 32 | 2M | 27.5% | 1 / 7 | 15 / 3 | 0M | 0M |
| Q1 2024 | 34 | 2M | 28.6% | 5 / 14 | 8 / 11 | 1M | 0M |
| Q4 2023 | 40 | 2M | 27.3% | 10 / 14 | 6 / 7 | 0M | 0M |
| Q3 2023 | 37 | 2M | 27.1% | 4 / 16 | 10 / 3 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of HWBK | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 179,258 | 2.60% | $7.04M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 121,044 | 1.75% | $4.76M | 0.01% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 64,168 | 0.93% | $2.52M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 63,743 | 0.92% | $2.49M | 0.01% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 53,291 | 0.77% | $2.09M | 0.01% | Jun 30, 2026 |
| U.S. Small Cap Value Portfolio | 34,522 | 0.50% | $1.35M | 0.01% | Jul 31, 2026 |
| EA Bridgeway Omni Small-Cap Value ETF | 32,677 | 0.47% | $1.28M | 0.05% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 29,630 | 0.43% | $1.09M | 0.01% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 28,173 | 0.41% | $1.03M | 0.00% | May 31, 2026 |
| U.S. Micro Cap Portfolio | 20,136 | 0.29% | $785.10K | 0.01% | Jul 31, 2026 |
| Avantis U.S. Small Cap Value ETF | 19,986 | 0.29% | $733.29K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 19,911 | 0.29% | $782.50K | 0.05% | Jun 30, 2026 |
| Dimensional U.S. Targeted Value ETF | 19,698 | 0.29% | $768.03K | 0.01% | Jul 31, 2026 |
| Omni Small-Cap Value Fund | 17,904 | 0.26% | $703.63K | 0.05% | Jun 30, 2026 |
| U.S. Core Equity 2 Portfolio | 17,457 | 0.25% | $680.65K | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Brent M. Giles | CHIEF EXECUTIVE OFFICER, Director | 54,885 | 0.80% | May 5, 2026 |
| Gregg A. Bexten | PRESIDENT, Director | 33,212 | 0.48% | Feb 17, 2026 |
| Kathleen L. Bruegenhemke | EVP/CRO, Director | 101,460 | 1.47% | Feb 17, 2026 |
| Christopher Eugene Hafner | Sr. VP/Chief Financial Officer | 6,070 | 0.09% | Feb 17, 2026 |
| Shawna M. Hettinger | Director | 5,424 | 0.08% | Aug 28, 2026 |
| Gus Seitter Wetzel III | Director | 115,699 | 1.68% | Jun 4, 2026 |
| Jonathan Holtaway | Director | 371,390 | 5.38% | Jun 4, 2026 |
| Jonathan L. States | Director | 500 | 0.01% | Jun 4, 2026 |
| Douglas Todd Eden | Director | 77,908 | 1.13% | Jun 4, 2026 |
| James Grant Burcham | Director | 500 | 0.01% | Jun 4, 2026 |
| David T. Turner | Director | 63,910 | 0.93% | Jun 4, 2026 |
| Kevin L. Riley | Director | 37,146 | 0.54% | Jun 4, 2026 |
| Philip D. Freeman | Director | 99,184 | 1.44% | Jun 4, 2026 |
| Frank E. Burkhead | Director | 7,288 | 0.11% | Jun 4, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Shawna M. Hettinger Director | Aug 27, 2026 | Buy | +654.45 | $38.20 | $25.00K | 5,424 |
| Shawna M. Hettinger Director | Aug 26, 2026 | Buy | +645.16 | $38.75 | $25.00K | 4,769 |
| James Grant Burcham Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Kevin L. Riley Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Gus Seitter Wetzel III Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Philip D. Freeman Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| David T. Turner Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Douglas Todd Eden Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Jonathan Holtaway Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Shawna M. Hettinger Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Frank E. Burkhead Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Jonathan L. States Director | Jun 2, 2026 | Award | +500 | – | – | 500 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | May 1, 2026 | Award | +6,849 | – | – | 20,144 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | May 1, 2025 | Award | +8,174 | – | – | 27,545 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | Mar 11, 2025 | Buy | +700 | $25.84 | $18.09K | 13,005 |
| Jonathan Holtaway Director | Feb 28, 2025 | Sale | −19,723 | $31.04 | $612.20K | 342,390 |
| Jonathan Holtaway Director | Feb 27, 2025 | Sale | −1,158 | $31.76 | $36.78K | 362,113 |
| Jonathan Holtaway Director | Feb 26, 2025 | Sale | −568 | $32.05 | $18.20K | 363,271 |
| Jonathan Holtaway Director | Feb 21, 2025 | Sale | −702 | $33.62 | $23.60K | 363,839 |
| Jonathan Holtaway Director | Feb 20, 2025 | Sale | −1,941 | $33.75 | $65.51K | 364,541 |
| Christopher Eugene Hafner Sr. VP/Chief Financial Officer | Feb 20, 2025 | Award | +1,000 | – | – | 3,000 |
| Jonathan Holtaway Director | Feb 11, 2025 | Sale | −116 | $32.90 | $3.82K | 366,482 |
| Jonathan Holtaway Director | Feb 10, 2025 | Sale | −2,682 | $32.91 | $88.26K | 366,598 |
| Jonathan Holtaway Director | Feb 6, 2025 | Sale | −839 | $32.85 | $27.56K | 369,280 |
| Jonathan Holtaway Director | Feb 5, 2025 | Sale | −6,604 | $32.97 | $217.73K | 370,119 |
| Jonathan Holtaway Director | Feb 4, 2025 | Sale | −3,707 | $32.90 | $121.96K | 376,723 |
| Jonathan Holtaway Director | Feb 3, 2025 | Sale | −1,761 | $32.78 | $57.73K | 380,430 |
| Jonathan Holtaway Director | Dec 10, 2024 | Sale | −7,424 | $32.05 | $237.94K | 382,191 |
| Jonathan Holtaway Director | Dec 9, 2024 | Sale | −389 | $32.05 | $12.47K | 389,615 |
| Jonathan Holtaway Director | Dec 6, 2024 | Sale | −1,015 | $32.25 | $32.73K | 390,004 |
| Jonathan Holtaway Director | Dec 5, 2024 | Sale | −5,007 | $31.99 | $160.17K | 391,019 |
| Frank E. Burkhead Director | Dec 4, 2024 | Sale | −3,000 | $31.87 | $95.61K | 11,477 |
| Jonathan Holtaway Director | Dec 4, 2024 | Sale | −1,817 | $32.21 | $58.53K | 396,026 |
| Jonathan Holtaway Director | Nov 14, 2024 | Sale | −4,617 | $28.62 | $132.14K | 397,843 |
| Jonathan Holtaway Director | Nov 13, 2024 | Sale | −5,053 | $28.57 | $144.36K | 402,460 |
| Shawna M. Hettinger Director | Sep 13, 2024 | Buy | +21 | $24.10 | $506 | 4,124 |
| Frank E. Burkhead Director | Aug 22, 2024 | Buy | +100 | $21.85 | $2.19K | 14,467 |
| Gregg A. Bexten PRESIDENT, Director | Jun 13, 2024 | Buy | +1,000 | $19.72 | $19.72K | 1,150 |
| Jonathan Holtaway Director | May 10, 2024 | Buy | +2,000 | $19.72 | $39.44K | 28,500 |
| Shawna M. Hettinger Director | May 8, 2024 | Buy | +1,000 | $19.65 | $19.65K | 4,103 |
| Douglas Todd Eden Director | May 3, 2024 | Buy | +15,000 | $19.63 | $294.45K | 76,826 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | May 1, 2024 | Award | +11,151 | – | – | 23,463 |
| Jonathan Holtaway Director | Apr 30, 2024 | Buy | +5,500 | $18.76 | $103.18K | 26,500 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | Apr 30, 2024 | Buy | +400 | $18.19 | $7.28K | 7,968 |
| Jonathan Holtaway Director | Apr 29, 2024 | Buy | +5,500 | $19.19 | $105.55K | 21,000 |
| Frank E. Burkhead Director | Apr 29, 2024 | Buy | +500 | $19.10 | $9.55K | 14,134 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | Apr 29, 2024 | Buy | +2,000 | $18.75 | $37.50K | 7,568 |
| Shawna M. Hettinger Director | Mar 14, 2024 | Buy | +500 | $19.49 | $9.75K | 3,103 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | Mar 14, 2024 | Buy | +1,224 | $19.51 | $23.88K | 5,527 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | Mar 14, 2024 | Buy | +35 | $19.57 | $685 | 12,312 |
| Jonathan Holtaway Director | Mar 14, 2024 | Buy | +5,500 | $19.12 | $105.16K | 15,500 |
| Douglas Todd Eden Director | Mar 11, 2024 | Buy | +5,000 | $20.37 | $101.85K | 85,000 |
| Jonathan Holtaway Director | Mar 8, 2024 | Buy | +2,900 | $20.10 | $58.29K | 10,000 |
| Jonathan Holtaway Director | Mar 7, 2024 | Buy | +7,100 | $19.95 | $141.65K | 7,100 |
| Jonathan L. States Director | Feb 29, 2024 | Buy | +1,200 | $21.57 | $25.88K | 3,255 |
| Jason E. Schwartz SR VP/CHIEF CREDIT OFFICER | Feb 29, 2024 | Buy | +1,000 | $21.50 | $21.50K | 7,939 |
| Shawna M. Hettinger Director | Feb 21, 2024 | Buy | +700 | $23.16 | $16.21K | 2,603 |
| Douglas Todd Eden Director | Feb 16, 2024 | Buy | +7,000 | $22.32 | $156.24K | 80,000 |
| Christopher Eugene Hafner Sr. VP/Chief Financial Officer | Dec 8, 2023 | Award | +2,000 | – | – | 2,000 |
| Brent M. Giles CHIEF EXECUTIVE OFFICER, Director | Jun 30, 2023 | Award | +12,277 | – | – | 12,277 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Ategra Community Financial Institution Fund, LP Affiliate | Feb 18, 2025 | 40,300 | $1.41M | Feb 19, 2025 | Open Market Purchase |
| Ategra Community Financial Institution Fund, LP Affiliate | Nov 15, 2024 | 69,000 | $1.94M | Nov 13, 2024 | Open Market Purchase |