Bridgewater Bancshares (BWB) AI Stock Analysis

• Market Cap: $416.64M
• Dividend Yield: N/A
• Average Volume (3M): 77.34K
• Price to Earnings (P/E): 12.5
• Beta (1Y): 1.15
• Revenue Growth: 12.19%
• EPS Growth: 12.88%
• Country: US
• Employees: 292
• Sector: Financial
• Sector Strength: 65
• Industry: Banks - Regional
• EPS (TTM): 0.37
• Shares Outstanding: 27,482,534
• 10 Day Avg. Volume: 59,218
• 30 Day Avg. Volume: 77,337
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.97
• Enterprise Value/Revenue: 3.17
• Enterprise Value/Gross Profit: 7.49
• Enterprise Value/Ebitda: 16.82
• 1Y Price Target: $20.00
• Price Target Upside: 31.32% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 75 Outperform
• Price Target: $17.00 ▲(11.62% Upside)

Bridgewater Bancshares shows a solid financial foundation with strong profitability and efficient cash flow management. The technical analysis presents challenges, but the stock's valuation appears attractive. Positive earnings call outcomes and corporate events further bolster confidence in the company's strategic direction, offsetting some of the technical weaknesses.

Bridgewater Bancshares Business Overview & Revenue Model

Company Description

Bridgewater Bancshares (BWB) is a financial holding company headquartered in St. Louis Park, Minnesota, operating primarily through its subsidiary, Bridgewater Bank. The company is focused on providing commercial banking services to small and medium-sized businesses, real estate investors, and entrepreneurs. It offers a range of financial products, including commercial real estate loans, residential real estate loans, and deposit services, as well as online banking solutions.

How the Company Makes Money

Bridgewater Bancshares makes money primarily through interest income generated from its loan portfolio, which includes commercial, multifamily, and residential real estate loans. The company also earns revenue from non-interest income sources, such as service charges on deposit accounts and loan fees. Bridgewater's business model leverages its expertise in real estate lending and its strong relationships with commercial clients to drive growth. Additionally, the company benefits from strategic partnerships and its focus on providing personalized banking services, which help to attract and retain customers, thereby contributing to its overall financial performance.

Bridgewater Bancshares Financial Statement Overview

Summary

Bridgewater Bancshares showcases a solid financial foundation with strong profitability and efficient cash flow management. The income statement reflects robust margins, though revenue growth has been inconsistent, posing a risk. The balance sheet indicates stability but a higher reliance on debt, while the cash flow statement highlights 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	251.44M	226.95M	169.34M	134.19M	120.67M
Gross Profit	104.22M	109.94M	127.64M	109.67M	81.05M
EBITDA	45.74M	55.66M	74.96M	64.13M	37.06M
Net Income	32.83M	39.96M	53.39M	45.69M	27.19M
Balance Sheet
Total Assets	5.07B	4.61B	4.35B	3.48B	2.93B
Cash, Cash Equivalents and Short-Term Investments	619.83M	732.67M	636.84M	584.71M	554.16M
Total Debt	452.92M	412.54M	476.65M	134.74M	142.24M
Total Liabilities	4.61B	4.19B	3.95B	3.10B	2.66B
Stockholders Equity	457.94M	425.51M	394.06M	379.27M	265.40M
Cash Flow
Free Cash Flow	42.30M	27.05M	83.37M	53.46M	-1.67M
Operating Cash Flow	46.38M	30.02M	85.00M	54.24M	23.02M
Investing Cash Flow	-95.24M	-209.18M	-938.24M	-571.42M	-530.33M
Financing Cash Flow	150.06M	220.69M	796.81M	499.99M	636.05M

Bridgewater Bancshares Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.23
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BWB, the sentiment is Negative. The current price of 15.23 is below the 20-day moving average (MA) of 16.13, below the 50-day MA of 15.64, and above the 200-day MA of 14.66, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 37.90 is Neutral, neither overbought nor oversold. The STOCH value of 14.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BWB.

Bridgewater Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HBCP	79 Outperform	$397.32M	9.76	10.55%	2.14%	8.03%	15.18%
USCB	78 Outperform	$324.18M	11.00	13.71%	1.86%	19.67%	68.34%
BSRR	76 Outperform	$395.08M	9.87	11.53%	3.46%	0.85%	18.21%
BWB	75 Outperform	$416.64M	12.49	8.31%	―	12.19%	12.88%
BSVN	75 Outperform	$406.32M	9.26	20.97%	2.23%	1.20%	46.86%
RRBI	72 Outperform	$401.33M	10.58	12.02%	0.71%	9.09%	23.58%
Sector *	67 Neutral	$17.00B	11.67	9.71%	3.95%	10.68%	1.24%

Bridgewater Bancshares Corporate Events

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.

The most recent analyst rating on (BWB) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Bridgewater Bancshares stock, see the BWB Stock Forecast page.

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.

The most recent analyst rating on (BWB) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on Bridgewater Bancshares stock, see the BWB Stock Forecast page.