Bridgewater Bancshares (BWB) AI Stock Analysis

• Market Cap: $450.16M
• Dividend Yield: N/A
• Average Volume (3M): 53.30K
• Price to Earnings (P/E): 13.5
• Beta (1Y): 1.15
• Revenue Growth: 12.19%
• EPS Growth: 12.88%
• Country: US
• Employees: 292
• Sector: Financial
• Sector Strength: 72
• Industry: Banks - Regional
• EPS (TTM): 0.37
• Shares Outstanding: 27,482,534
• 10 Day Avg. Volume: 50,104
• 30 Day Avg. Volume: 53,295
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.82
• Enterprise Value/Revenue: 3.05
• Enterprise Value/Gross Profit: 6.98
• Enterprise Value/Ebitda: 15.40
• 1Y Price Target: $19.00
• Price Target Upside: 16.00% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 74 Outperform
• Price Target: $17.50 ▲(6.84% Upside)

Bridgewater Bancshares receives a strong overall score due to its robust earnings call performance and strategic corporate events. Financial performance is solid, though there are concerns about profitability margins and cash flow. Technical analysis suggests a neutral trend, while valuation is reasonable.

Bridgewater Bancshares Business Overview & Revenue Model

Company Description

Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit. It also provides commercial loans to sole proprietorships, partnerships, corporations, and other business enterprises to finance accounts receivable or inventory, capital assets, or other business-related purposes; paycheck protection program loans; construction and land development loans; 1-4 family mortgage loans; multifamily lending products; owner and non-owner occupied commercial real estate loans; and consumer and other loans. In addition, the company online, mobile, and direct banking services. It operates through seven full-service offices located in Bloomington, Greenwood, Minneapolis, St. Louis Park, Orono, and St. Paul, Minnesota. The company was incorporated in 2005 and is headquartered in Saint Louis Park, Minnesota.

How the Company Makes Money

Bridgewater Bancshares generates revenue primarily through interest income from loans and fees associated with banking services. The key revenue streams include interest earned on commercial and residential loans, which comprise a significant portion of the bank's lending portfolio. Additionally, the company earns fee income from services such as account maintenance, transaction fees, and mortgage origination fees. Strategic partnerships with local businesses and real estate developers also play a role in enhancing its lending activities and attracting new clients, ultimately contributing to the bank's overall profitability.

Bridgewater Bancshares Financial Statement Overview

Summary

Bridgewater Bancshares demonstrates strong profitability with a solid Gross Profit Margin of 98.16% and a robust Net Profit Margin of 28.15%. However, revenue growth has been inconsistent, posing potential challenges. The balance sheet is stable, though the low Equity Ratio suggests higher reliance on debt. Cash flow management is efficient, with strong operational cash generation.

Income Statement

Bridgewater Bancshares demonstrates a stable financial performance with a solid Gross Profit Margin of 98.16% for TTM, indicating efficient cost management. The Net Profit Margin for TTM is robust at 28.15%, reflecting strong profitability. However, the Revenue Growth Rate has been volatile, with a decline in the latest annual report, suggesting potential challenges in revenue generation. The EBIT Margin of 29.23% for TTM is healthy, showcasing operational efficiency.

Balance Sheet

The company's Debt-to-Equity Ratio of 0.94 indicates a balanced approach to leverage, although it has slightly increased compared to previous years. Return on Equity for TTM is impressive at 7.39%, highlighting effective use of equity. The Equity Ratio stands at 9.13%, which is relatively low, suggesting a higher reliance on debt financing. Overall, the balance sheet shows financial stability with some areas to monitor for leverage.

Cash Flow

Operating Cash Flow is strong relative to Net Income, with a ratio of 1.35 for TTM, underscoring efficient cash generation from operations. The Free Cash Flow Growth Rate is modest but positive, indicating steady cash flow management. Free Cash Flow to Net Income Ratio for TTM is 1.23, suggesting solid cash flow generation relative to earnings. The cash flow statement reflects a healthy liquidity position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	269.39M	251.44M	226.95M	169.34M	134.19M	120.67M
Gross Profit	117.68M	104.22M	109.94M	127.64M	109.67M	81.05M
EBITDA	53.35M	45.74M	55.66M	74.96M	64.13M	37.06M
Net Income	38.03M	32.83M	39.96M	53.39M	45.69M	27.19M
Balance Sheet
Total Assets	5.30B	5.07B	4.61B	4.35B	3.48B	2.93B
Cash, Cash Equivalents and Short-Term Investments	961.38M	619.83M	732.67M	636.84M	584.71M	554.16M
Total Debt	526.94M	452.92M	412.54M	476.65M	134.74M	142.24M
Total Liabilities	4.82B	4.61B	4.19B	3.95B	3.10B	2.66B
Stockholders Equity	476.28M	457.94M	425.51M	394.06M	379.27M	265.40M
Cash Flow
Free Cash Flow	34.46M	42.30M	27.05M	83.37M	53.46M	-1.67M
Operating Cash Flow	40.05M	46.38M	30.02M	85.00M	54.24M	23.02M
Investing Cash Flow	-268.50M	-95.24M	-209.18M	-938.24M	-571.42M	-530.33M
Financing Cash Flow	311.85M	150.06M	220.69M	796.81M	499.99M	636.05M

Bridgewater Bancshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BWB, the sentiment is Positive. The current price of 16.38 is above the 20-day moving average (MA) of 15.80, above the 50-day MA of 15.99, and above the 200-day MA of 14.74, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 58.62 is Neutral, neither overbought nor oversold. The STOCH value of 80.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BWB.

Bridgewater Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
USCB	79 Outperform	$347.36M	11.80	13.71%	2.02%	19.67%	68.34%
HBCP	79 Outperform	$439.67M	10.66	10.55%	1.94%	8.03%	15.18%
BSVN	75 Outperform	$467.35M	10.65	20.97%	1.94%	-2.96%	37.09%
BSRR	75 Outperform	$418.58M	10.52	11.53%	3.21%	0.85%	18.21%
BWB	74 Outperform	$450.16M	13.50	8.31%	―	12.19%	12.88%
RRBI	72 Outperform	$434.65M	11.53	12.02%	0.63%	9.09%	23.58%
Sector *	68 Neutral	$17.82B	11.90	10.30%	3.72%	9.69%	0.80%

Bridgewater Bancshares Corporate Events

Bridgewater Bancshares Highlights Strategic Focus in Presentation

Bridgewater Bancshares, Inc. has released an investor presentation detailing its strategic focus and operational strengths. The company emphasizes its branch-light model, efficient operations, and expertise in commercial real estate, particularly in multifamily and affordable housing lending. The presentation highlights the company’s track record of profitability and growth, as well as its commitment to risk management and maintaining high asset quality. These factors position Bridgewater Bancshares as a strong player in the financial services industry, with potential implications for stakeholders in terms of stability and growth prospects.

Bridgewater Bancshares Announces Executive Retirements and Promotions

On August 19, 2025, Bridgewater Bancshares, Inc. announced the upcoming retirements of Mary Jayne Crocker, Executive Vice President and Chief Strategy Officer, and Jeffrey Shellberg, Executive Vice President and Chief Credit Officer. In preparation for these transitions, the company promoted Laura Espeseth, Katie Morrell, and Jessica Stejskal to key leadership roles effective September 15, 2025. Additionally, the Board appointed Mary Jayne Crocker as a director, effective February 16, 2026, after her retirement. These leadership changes are part of a strategic succession plan aimed at ensuring continued growth and leadership continuity within the organization.

Bridgewater Bancshares Extends Stock Repurchase Program

On July 22, 2025, Bridgewater Bancshares extended its 2022 Stock Repurchase Program to August 26, 2026, with $13.1 million remaining for stock repurchases. The company also announced a quarterly cash dividend on its Series A Preferred Stock, payable on September 2, 2025. In the second quarter of 2025, Bridgewater reported a net income of $11.5 million, reflecting strong profitability and growth, driven by increased net interest margin, record fee income, and robust loan growth. The company capitalized on local M&A disruptions to attract talent and clients, supporting its tangible book value and shareholder value.

Bridgewater Bancshares Completes $80M Private Placement

On June 24, 2025, Bridgewater Bancshares, Inc. completed a private placement of $80 million in 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035. The proceeds will be used to redeem $50 million of existing notes due 2030 and for general corporate purposes. The Notes are structured to qualify as Tier 2 capital for regulatory purposes and are not insured by the FDIC. Piper Sandler & Co. acted as the lead placement agent, with D.A. Davidson & Co. and Hovde Group, LLC as co-placement agents.