Which has the lower trailing P/E, HWBK or NKSH?

HWBK has the lower trailing P/E: HWBK trades at 10.13 and NKSH at 13.58. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, HWBK or NKSH?

Over the past five years, HWBK grew revenue faster — HWBK at a 7.30% CAGR versus NKSH at 6.78%.

Does HWBK or NKSH pay a bigger dividend?

HWBK yields 2.16% and NKSH yields 3.56% based on trailing dividends and the latest price.

Is HWBK or NKSH more profitable?

NKSH runs the higher net margin — HWBK at 22.69% versus NKSH at 28.14%.

How have HWBK and NKSH total returns compared?

Over the past 10 years, HWBK delivered 16.23% and NKSH delivered 6.47% annualized total return. Past performance doesn't predict future results.

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

A side-by-side comparison of Hawthorn Bancshares, Inc. and National Bankshares, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

HWBK

Hawthorn Bancshares, Inc.

$267M

$38.70Financial ServicesDelayed quote: Oct 6, 2026, 1:04 PM EDT

NKSH

National Bankshares, Inc.

$275M

$43.18Financial ServicesDelayed quote: Oct 6, 2026, 1:05 PM EDT

Total return — HWBK vs NKSH

growth of $100 · dividends reinvested · last 10y

HWBK +350.7% (+16.2%/yr)NKSH +92.2% (+6.8%/yr)HWBK compounded faster over this window

HWBK NKSH

HWBK vs NKSH: by the numbers

•NKSH is the larger company ($275M vs $267M market cap).
•HWBK trades at the lower trailing earnings multiple (10.13 vs 13.58 P/E), one valuation lens rather than an overall verdict.
•NKSH converts more revenue to profit (28.14% vs 22.69% net margin).
•HWBK grew revenue faster over the past five years (7.30% vs 6.78% CAGR).
•NKSH pays the higher dividend yield (3.56% vs 2.16%).

Metrics side by side

Valuation

Metric	HWBK	NKSH
P/E ratio	10.13	13.58
Forward P/E	N/A	12.34
PEG ratio	0.86	169.73
P/S ratio	2.29	3.81
P/B ratio	1.46	1.43

Profitability

Metric	HWBK	NKSH
Operating margin	27.81%	17.47%
Net margin	22.69%	28.14%
ROE	14.45%	10.57%

Hawthorn Bancshares, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

National Bankshares, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	HWBK	NKSH
Dividend yield	2.16%	3.56%
Payout ratio	21.73%	48.11%

Growth (annualized)

Metric	HWBK	NKSH
Revenue CAGR (5Y)	7.30%	6.78%
EPS CAGR (5Y)	11.91%	0.08%
Total return CAGR (5Y)	15.43%	8.65%

Frequently asked

Which has the lower trailing P/E, HWBK or NKSH?: HWBK has the lower trailing P/E: HWBK trades at 10.13 and NKSH at 13.58. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, HWBK or NKSH?: Over the past five years, HWBK grew revenue faster — HWBK at a 7.30% CAGR versus NKSH at 6.78%.
Does HWBK or NKSH pay a bigger dividend?: HWBK yields 2.16% and NKSH yields 3.56% based on trailing dividends and the latest price.
Is HWBK or NKSH more profitable?: NKSH runs the higher net margin — HWBK at 22.69% versus NKSH at 28.14%.
How have HWBK and NKSH total returns compared?: Over the past 10 years, HWBK delivered 16.23% and NKSH delivered 6.47% annualized total return. Past performance doesn't predict future results.

Go deeper

Full HWBK analysis Full NKSH analysis Interactive comparison tool

Dig into the metrics

Hawthorn Bancshares P/E ratio National Bankshares P/E ratio Hawthorn Bancshares dividend yield National Bankshares dividend yield Hawthorn Bancshares ROE National Bankshares ROE Hawthorn Bancshares operating margin National Bankshares operating margin Hawthorn Bancshares revenue growth National Bankshares revenue growth

Hawthorn Bancshares & National Bankshares appear in these rankings

Highest Dividend Yield Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.