Symbols / BWB Stock $18.34 +1.16% Bridgewater Bancshares, Inc.

Financial Services • Banks - Regional • United States • NCM
BWB (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. Gerald John Baack
Exch · Country NCM · United States
Market Cap 510.45M
Enterprise Value 799.60M
Income 49.81M
Sales 151.53M
FCF (ttm) —
Book/sh 16.60
Cash/sh 7.98
Employees 337
Insider 10d —
IPO Mar 14, 2018
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 10.42
Forward P/E 8.42
PEG 0.73
P/S 3.37
P/B 1.11
P/C —
EV/EBITDA —
EV/Sales 5.28
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 1.76
EPS next Y 2.18
EPS Growth 87.10%
Revenue Growth 46.20%
EPS Gr Q/Q 80.70%
Rev Gr Q/Q —
Earnings (next) 2026-04-21
Earnings (prior) 2026-04-21
ROA 1.03%
ROE 10.80%
ROIC —
Gross Margin 0.00%
Oper. Margin 55.16%
Profit Margin 35.54%
Shs Outstand 27.83M
Shs Float 22.22M
Insider Own 20.60%
Instit Own 67.70%
Short Float 1.45%
Short Ratio 4.53
Short Interest 322.45K
52W High 20.30
vs 52W High -9.66%
52W Low 14.35
vs 52W Low 27.80%
Beta 0.62
Impl. Vol. 47.76%
Rel Volume 0.39
Avg Volume 70.35K
Volume 27.63K
Target (mean) $22.12
Tgt Median $22.25
Tgt Low $21.00
Tgt High $23.00
# Analysts 4
Recom Buy
Prev Close $18.13
Price $18.34
Change 1.16%
About

Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services in the United States. The company provides commercial loans, including loans secured by nonfarm, nonresidential properties, multifamily residential properties, and nonowner occupied single family residential properties; construction, land development, and commercial and industrial loans; commercial real estate loans, such as owner and nonowner occupied properties; single family residential construction, land development, finished lots and raw land, and commercial and multifamily construction loans, as well as paycheck protection program loans. It offers deposit products, including savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction accounts, as well as certificates of deposit. In addition, the company offers online, mobile, and direct banking services. The company was incorporated in 2005 and is headquartered in Saint Louis Park, Minnesota.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$22.13
Mean price target
2. Current target
$18.34
Latest analyst target
3. DCF / Fair value
$26.40
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$18.34
Low
$21.00
High
$23.00
Mean
$22.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 main DA Davidson Buy → Buy $22
2026-01-29 main DA Davidson Buy → Buy $24
2026-01-29 reit Piper Sandler Overweight → Overweight $23
2026-01-28 main DA Davidson Buy → Buy $23
2025-12-10 init Stephens & Co. — → Equal-Weight $20
2025-10-22 main DA Davidson Buy → Buy $21
2025-07-28 main Piper Sandler Overweight → Overweight $20
2025-07-25 main DA Davidson Buy → Buy $20
2025-06-26 reit Piper Sandler Overweight → Overweight $19
2025-04-25 main Piper Sandler Overweight → Overweight $18
2025-01-31 main Piper Sandler Overweight → Overweight $17
2025-01-30 main DA Davidson Buy → Buy $18
2024-07-29 main Piper Sandler Overweight → Overweight $17
2024-07-26 main DA Davidson Buy → Buy $17
2024-04-26 reit Piper Sandler Overweight → Overweight $14
2024-01-26 main DA Davidson Buy → Buy $16
2023-01-27 down Piper Sandler Overweight → Neutral $17
2022-06-14 down B. Riley Securities Buy → Neutral $18
2020-04-13 main B. Riley Securities — → Buy $13
2020-01-09 main B. Riley Securities — → Buy $16
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-16 CROCKER MARY JAYNE Director — 6,750 $12.92 $87,210
2026-03-31 VOLK DAVID J. Director — 1,146 $0.00 $0
2026-03-31 JOHNSON JAMES S Director — 1,146 $0.00 $0
2026-03-31 TRUTNA THOMAS P Director — 573 $0.00 $0
2026-03-31 PARISH DOUGLAS J Director — 573 $0.00 $0
2026-03-31 JURAN DAVID B Director — 1,146 $0.00 $0
2026-03-31 CROCKER MARY JAYNE Director — 280 $0.00 $0
2026-03-31 BREZONIK LISA M. Director — 1,146 $0.00 $0
2026-03-31 LAWAL MOHAMMED Director — 1,146 $0.00 $0
2026-02-10 TRUTNA THOMAS P Director — 13,000 $19.51 $253,691
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
141.98
+31.78%
107.74
-1.85%
109.77
-18.90%
135.34
Operating Revenue
141.98
+31.78%
107.74
-1.85%
109.77
-18.90%
135.34
Selling General And Administration
52.28
+18.80%
44.01
+6.41%
41.36
+2.53%
40.34
Selling And Marketing Expense
2.14
+43.97%
1.49
+31.53%
1.13
-44.44%
2.03
General And Administrative Expense
50.14
+17.92%
42.52
+5.70%
40.23
+5.02%
38.31
Salaries And Wages
47.40
+19.80%
39.56
+8.28%
36.54
-1.09%
36.94
Other Gand A
—
—
1.57
+12.75%
1.40
Reconciled Depreciation
3.95
+31.35%
3.00
-4.39%
3.14
-3.38%
3.25
Total Unusual Items
0.00
-100.00%
0.06
0.00
0.00
Total Unusual Items Excluding Goodwill
0.00
-100.00%
0.06
0.00
0.00
Net Income
46.09
+40.41%
32.83
-17.86%
39.96
-25.16%
53.39
Pretax Income
60.03
+40.47%
42.74
-18.63%
52.52
-26.76%
71.71
Net Interest Income
132.44
+29.60%
102.19
-2.83%
105.17
-18.91%
129.70
Interest Expense
149.41
+3.97%
143.71
+22.64%
117.18
+244.68%
34.00
Interest Income
281.85
+14.62%
245.90
+10.59%
222.35
+35.83%
163.69
Gain On Sale Of Security
0.61
+59.48%
0.39
+1266.67%
-0.03
-140.24%
0.08
Tax Provision
13.94
+40.69%
9.91
-21.10%
12.56
-31.42%
18.32
Tax Rate For Calcs
0.00
+0.00%
0.00
-2.93%
0.00
-6.27%
0.00
Tax Effect Of Unusual Items
0.00
-100.00%
0.01
0.00
0.00
Net Income Including Noncontrolling Interests
46.09
+40.41%
32.83
-17.86%
39.96
-25.16%
53.39
Net Income From Continuing Operation Net Minority Interest
46.09
+40.41%
32.83
-17.86%
39.96
-25.16%
53.39
Net Income From Continuing And Discontinued Operation
46.09
+40.41%
32.83
-17.86%
39.96
-25.16%
53.39
Net Income Continuous Operations
46.09
+40.41%
32.83
-17.86%
39.96
-25.16%
53.39
Normalized Income
46.09
+40.61%
32.78
-17.97%
39.96
-25.16%
53.39
Net Income Common Stockholders
42.03
+46.10%
28.77
-19.87%
35.91
-27.22%
49.34
Diluted EPS
1.49
+44.66%
1.03
-18.90%
1.27
-26.16%
1.72
Basic EPS
1.53
+45.71%
1.05
-18.60%
1.29
-27.53%
1.78
Basic Average Shares
27.47
+0.26%
27.40
-1.56%
27.83
+0.27%
27.76
Diluted Average Shares
28.21
+0.99%
27.93
-1.20%
28.27
-1.38%
28.67
Diluted NI Availto Com Stockholders
42.03
+46.10%
28.77
-19.87%
35.91
-27.22%
49.34
Amortization
0.92
+1080.77%
0.08
-22.00%
0.10
-47.64%
0.19
Amortization Of Intangibles Income Statement
0.92
+1080.77%
0.08
-22.00%
0.10
-47.64%
0.19
Depreciation Amortization Depletion Income Statement
0.92
+1080.77%
0.08
-22.00%
0.10
-47.64%
0.19
Depreciation And Amortization In Income Statement
0.92
+1080.77%
0.08
-22.00%
0.10
-47.64%
0.19
Insurance And Claims
2.75
-7.23%
2.96
-19.81%
3.69
+170.33%
1.36
Occupancy And Equipment
4.95
+12.41%
4.40
-1.08%
4.45
+1.30%
4.39
Other Non Interest Expense
12.99
+42.48%
9.12
+8.06%
8.44
+1.02%
8.35
Preferred Stock Dividends
4.05
+0.00%
4.05
+0.00%
4.05
+0.00%
4.05
Professional Expense And Contract Services Expense
4.77
+22.94%
3.88
+25.90%
3.08
+15.65%
2.66
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
5,407.00
+6.73%
5,066.24
+9.85%
4,611.99
+6.13%
4,345.66
Cash And Cash Equivalents
123.51
-47.25%
234.14
+82.12%
128.56
+45.72%
88.22
Other Short Term Investments
326.20
-57.54%
768.25
+27.17%
604.10
+10.11%
548.61
Receivables
62.34
+0.54%
62.00
+271.34%
16.70
+23.87%
13.48
Accounts Receivable
18.93
+6.88%
17.71
+6.07%
16.70
+23.87%
13.48
Other Receivables
43.41
-2.00%
44.29
—
—
Net PPE
51.58
+4.12%
49.53
+1.32%
48.89
+0.91%
48.45
Gross PPE
64.83
+7.13%
60.52
+4.55%
57.88
+3.73%
55.80
Accumulated Depreciation
-13.26
-20.71%
-10.98
-22.10%
-8.99
-22.33%
-7.35
Land And Improvements
7.85
-3.65%
8.14
+0.32%
8.12
+56.92%
5.17
Buildings And Improvements
43.33
-0.57%
43.58
+5.61%
41.27
+0.00%
41.27
Machinery Furniture Equipment
7.42
+15.72%
6.41
-2.03%
6.54
-6.22%
6.98
Construction In Progress
4.21
+1079.27%
0.36
0.00
—
Leases
2.02
+0.00%
2.02
+3.64%
1.95
-18.03%
2.38
Goodwill And Other Intangible Assets
18.91
-4.64%
19.83
+604.76%
2.81
-3.43%
2.91
Goodwill
11.98
+0.00%
11.98
+356.28%
2.63
+0.00%
2.63
Other Intangible Assets
6.93
-11.72%
7.85
+4075.53%
0.19
-34.72%
0.29
Investments And Advances
776.44
+1.07%
768.25
+27.17%
604.10
+10.11%
548.61
Total Liabilities Net Minority Interest
4,889.91
+6.11%
4,608.31
+10.08%
4,186.48
+5.94%
3,951.60
Payables And Accrued Expenses
3.23
-19.49%
4.01
-24.12%
5.28
+86.58%
2.83
Payables
3.23
-19.49%
4.01
-24.12%
5.28
+86.58%
2.83
Accounts Payable
3.23
-19.49%
4.01
-24.12%
5.28
+86.58%
2.83
Long Term Debt And Capital Lease Obligation
508.18
+12.20%
452.92
+9.79%
412.54
+117.52%
189.66
Long Term Debt
508.18
+12.20%
452.92
+9.79%
412.54
+117.52%
189.66
Stockholders Equity
517.10
+12.92%
457.94
+7.62%
425.51
+7.98%
394.06
Common Stock Equity
450.58
+15.11%
391.42
+9.03%
359.00
+9.60%
327.55
Capital Stock
66.79
+0.00%
66.79
0.00%
66.79
0.00%
66.79
Common Stock
0.28
+0.72%
0.28
-0.36%
0.28
-0.36%
0.28
Preferred Stock
66.51
+0.00%
66.51
+0.00%
66.51
+0.00%
66.51
Share Issued
27.76
+0.75%
27.55
-0.71%
27.75
-0.01%
27.75
Ordinary Shares Number
27.76
+0.75%
27.55
-0.71%
27.75
-0.01%
27.75
Additional Paid In Capital
98.29
+3.36%
95.09
-1.28%
96.32
-0.22%
96.53
Retained Earnings
351.45
+13.58%
309.42
+10.25%
280.65
+12.85%
248.69
Gains Losses Not Affecting Retained Earnings
0.56
+104.20%
-13.36
+26.76%
-18.25
-1.69%
-17.94
Other Equity Adjustments
0.56
+104.20%
-13.36
+26.76%
-18.25
-1.69%
-17.94
Total Equity Gross Minority Interest
517.10
+12.92%
457.94
+7.62%
425.51
+7.98%
394.06
Total Capitalization
1,025.27
+12.56%
910.86
+8.69%
838.05
+43.57%
583.72
Invested Capital
958.76
+13.55%
844.34
+9.44%
771.54
+49.17%
517.21
Total Debt
508.18
+12.20%
452.92
+9.79%
412.54
+117.52%
189.66
Net Debt
384.67
+75.82%
218.78
-22.96%
283.98
+179.97%
101.43
Net Tangible Assets
498.18
+13.71%
438.10
+3.64%
422.70
+8.07%
391.15
Tangible Book Value
431.67
+16.17%
371.59
+4.32%
356.19
+9.72%
324.64
Available For Sale Securities
450.24
+17.69%
382.55
—
542.24
Cash Cash Equivalents And Federal Funds Sold
123.51
-47.25%
234.14
+82.12%
128.56
+45.72%
88.22
Preferred Shares Number
0.03
+0.00%
0.03
+0.00%
0.03
+0.00%
0.03
Preferred Stock Equity
66.51
+0.00%
66.51
+0.00%
66.51
+0.00%
66.51
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
27.81
-40.03%
46.38
+54.51%
30.02
-64.69%
85.00
Cash Flow From Continuing Operating Activities
27.81
-40.03%
46.38
+54.51%
30.02
-64.69%
85.00
Net Income From Continuing Operations
46.09
+40.41%
32.83
-17.86%
39.96
-25.16%
53.39
Depreciation Amortization Depletion
3.95
+31.35%
3.00
-4.39%
3.14
-3.38%
3.25
Depreciation
3.03
+3.38%
2.93
-3.81%
3.04
-0.62%
3.06
Amortization Cash Flow
0.92
+1080.77%
0.08
-22.00%
0.10
-47.64%
0.19
Depreciation And Amortization
3.95
+31.35%
3.00
-4.39%
3.14
-3.38%
3.25
Amortization Of Intangibles
0.92
+1080.77%
0.08
-22.00%
0.10
-47.64%
0.19
Other Non Cash Items
-2.95
-193.44%
-1.01
-65.19%
-0.61
-76.01%
-0.35
Stock Based Compensation
4.20
+7.53%
3.90
-1.24%
3.95
+18.38%
3.34
Deferred Tax
-2.00
-8450.00%
0.02
-96.45%
0.68
+148.25%
-1.40
Deferred Income Tax
-2.00
-8450.00%
0.02
-96.45%
0.68
+148.25%
-1.40
Operating Gains Losses
-0.64
-65.71%
-0.39
-826.42%
0.05
+182.81%
-0.06
Gain Loss On Investment Securities
-0.61
-59.48%
-0.39
-1266.67%
0.03
+140.24%
-0.08
Gain Loss On Sale Of PPE
0.01
0.00
-100.00%
0.02
+11.11%
0.02
Change In Working Capital
-23.24
-497.86%
5.84
+134.36%
-17.00
-198.49%
17.26
Change In Receivables
-13.95
-689.97%
2.36
+111.31%
-20.90
-56.95%
-13.32
Changes In Account Receivables
-13.95
-689.97%
2.36
+111.31%
-20.90
-56.95%
-13.32
Change In Payables And Accrued Expense
-9.29
-367.24%
3.48
-10.96%
3.90
-87.23%
30.58
Change In Payable
-9.29
-367.24%
3.48
-10.96%
3.90
-87.23%
30.58
Change In Account Payable
-9.29
-367.24%
3.48
-10.96%
3.90
-87.23%
30.58
Investing Cash Flow
-417.47
-338.35%
-95.24
+54.47%
-209.18
+77.70%
-938.24
Cash Flow From Continuing Investing Activities
-417.47
-338.35%
-95.24
+54.47%
-209.18
+77.70%
-938.24
Net PPE Purchase And Sale
-5.85
-43.31%
-4.08
-37.37%
-2.97
-81.87%
-1.63
Purchase Of PPE
-5.85
-43.31%
-4.08
-37.37%
-2.97
-81.87%
-1.63
Sale Of PPE
—
—
—
—
Capital Expenditure
-5.85
-43.31%
-4.08
-37.37%
-2.97
-81.87%
-1.63
Net Investment Purchase And Sale
24.73
+131.72%
-77.96
-49.51%
-52.15
+68.51%
-165.59
Purchase Of Investment
-206.10
+15.94%
-245.18
-115.73%
-113.65
+57.63%
-268.26
Sale Of Investment
230.83
+38.05%
167.21
+171.88%
61.50
-40.09%
102.67
Net Business Purchase And Sale
0.00
-100.00%
17.28
0.00
0.00
Net Other Investing Changes
-1.91
+54.87%
-4.23
-261.14%
2.62
+112.06%
-21.77
Financing Cash Flow
283.40
+88.86%
150.06
-32.00%
220.69
-72.30%
796.81
Cash Flow From Continuing Financing Activities
283.40
+88.86%
150.06
-32.00%
220.69
-72.30%
796.81
Net Issuance Payments Of Debt
54.85
+37.14%
40.00
-82.02%
222.50
+308.26%
54.50
Issuance Of Debt
1,313.11
+31.71%
997.00
+46.73%
679.50
+295.63%
171.75
Repayment Of Debt
-1,258.25
-31.48%
-957.00
-109.41%
-457.00
-289.77%
-117.25
Long Term Debt Issuance
1,313.11
+31.71%
997.00
+46.73%
679.50
+295.63%
171.75
Long Term Debt Payments
-1,258.25
-31.48%
-957.00
-109.41%
-457.00
-289.77%
-117.25
Net Long Term Debt Issuance
54.85
+37.14%
40.00
-82.02%
222.50
+308.26%
54.50
Net Common Stock Issuance
-2.94
+50.23%
-5.90
-15.10%
-5.13
+55.47%
-11.51
Common Stock Payments
-2.94
+50.23%
-5.90
-15.10%
-5.13
+55.47%
-11.51
Cash Dividends Paid
-4.05
+0.00%
-4.05
+0.00%
-4.05
+0.00%
-4.05
Repurchase Of Capital Stock
-2.94
+50.23%
-5.90
-15.10%
-5.13
+55.47%
-11.51
Proceeds From Stock Option Exercised
1.94
+154.13%
0.76
-20.77%
0.96
+67.48%
0.57
Changes In Cash
-106.25
-204.99%
101.20
+143.74%
41.52
+173.58%
-56.43
Beginning Cash Position
229.76
+78.72%
128.56
+47.70%
87.04
-39.33%
143.47
End Cash Position
123.51
-46.24%
229.76
+78.72%
128.56
+47.70%
87.04
Free Cash Flow
21.96
-48.07%
42.30
+56.39%
27.05
-67.56%
83.37
Interest Paid Supplemental Data
149.79
+3.59%
144.60
+26.45%
114.35
+255.57%
32.16
Income Tax Paid Supplemental Data
14.28
+148.27%
5.75
-44.62%
10.39
-49.49%
20.57
Amortization Of Securities
-3.64
-167.97%
-1.36
-13680.00%
0.01
-99.46%
1.87
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Dividend Paid
-4.05
+0.00%
-4.05
+0.00%
-4.05
+0.00%
-4.05
Preferred Stock Issuance
—
—
0.00
0.00
Sale Of Business
0.00
-100.00%
17.28
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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