Hawthorn Bancshares, Inc. (HWBK)

Market price: $39.32

4 valuation methods

• P / B: $29.42 to $38.91 (midpoint $33.98)
• P / E — normalized: $27.75 to $44.77 (midpoint $34.28)
• P / Tangible Book: $32.21 to $43.20 (midpoint $38.22)
• P / E: $38.85 to $50.55 (midpoint $43.64)