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Bridgewater Bancshares Inc (BWB) stock

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NASDAQ: BWB Nasdaq Regional Banks Next results ~January 26, 2027

C Fundamentals grade

Bridgewater Bancshares Inc is a US-listed company in the regional banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$23

Valuation models combined (5)

Base case. Range ~$14–$26. Weighted average of 5 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers), the residual income counting double.

Price vs value

Modestly undervalued

The price is inside our value range, 10% below our base value.

Price used: $20.36, November 3, 2026

Bridgewater Bancshares Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 12 selling1 purchase and 43 sales by directors and officers, last 12 monthsInsider trades
  • Funds80 adding, 50 cuttingOf 22 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Bridgewater Bancshares files

10-Q filed October 29: Bridgewater Bancshares

Model value +1.9%

Bridgewater Bancshares reported revenue of $169m for the twelve months to September 2026, up 26.2% year on year. That pace has eased from the 29.7% growth recorded a quarter earlier, suggesting momentum is cooling slightly. Despite this, our model value has edged higher, moving from $22.72 to $23.16 a share. The shares currently trade at $20.21, leaving them below our estimate of fair value. Given this gap, combined with the deceleration in growth, we are maintaining a Hold rating on the stock. No change to our overall stance is warranted at this stage, though the slowing revenue trend is worth monitoring in subsequent quarters.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Bridgewater Bancshares stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $169m, up 26.2% on a year earlier, slower than the 29.7% growth a quarter earlier. Our valuation models combined value is $22.72 a share.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 26, 2027 (estimated)

Bridgewater Bancshares Inc's trailing-twelve-month revenue grew 26.2% year on year, with a free-cash-flow margin of 43.4%. Where it stands out: net margin of 35.3% ranks 38 of 245 regional banks companies we cover. Where it lags: stock pay as % of revenue of 2.9% ranks 187 of 206 regional banks companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 26.2% (-3.5pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 26.2% over the last 12 months, against a median of 12.5% for regional banks companies we cover.
  • Strong cash generation. 43.4% of revenue turned into free cash flow.
  • Net cash. Cash exceeds long-term debt by $0.3bn.

Things to watch

  • Growth easing. The growth rate is 3.5 points lower than a quarter earlier.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.9% ranks 187 of 206 regional banks companies we cover (median 1.3%).
  • Below peers: change in growth rate. Change in growth rate of -3.5pp ranks 195 of 244 regional banks companies we cover (median +0.0pp).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.49 against an average estimate of $0.47: beat by 3.7%
Revenue
$43m, up 19.6% on a year earlier
Share reaction
-1.0% in the first session after the results on October 20, 2026, against +0.9% for the S&P 500
Next report
October 20, 2026; average EPS estimate $0.47

Bridgewater Bancshares' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.3%
  • 1 week-0.3%
  • 1 month-1.7%
  • This year+17.6%
  • 1 year+21.8%
  • 5 years+8.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$169M
Net margin
35.3%
EPS (TTM, diluted)
$2.09

Growth

Revenue growth
+26.2%
Change in growth rate
−3.5 pts
Share count change
+1.8%

Earnings

Last results
October 20, 2026
Next results (est.)
January 26, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Insider trade
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bridgewater Bancshares Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$23
Price used
$20.32close November 3, 2026
Implied change
▲ +11%
Uncertainty
Medium

How we got here: the combined value of 5 valuation models built for a business like Bridgewater Bancshares Inc (see the models table below and how they are combined) , with a 8.47% cost of equity. The models span ~$14–~$26; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Bridgewater Bancshares Inc as a bank or lender, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$26 ~$17–$40 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$26 ~$22–$32 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$24 ~$15–$33 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$14 ~$18–$26 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$20 ~$19–$24 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: pays no regular dividend
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$23 ~$14–$26 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bridgewater Bancshares Inc with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

79 /100

Strong moat

How hard Bridgewater Bancshares's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 14 / 20

    Net income has been a median 1.1% of total assets over 9 years.

  • Durability 20 / 20

    Net margin has been a median 34.9%; its worst year was 30.6%.

  • Discipline 17 / 20

    The diluted share count fell 1.5% over five years; stock-based pay has been a median 2.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (84 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.82 +20% $164m +22%
Next $2.04 +12% $178m +9%

Next year's EPS estimate has moved −3.2% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.5% on 90 days ago. In the last 30 days, 1 analyst raised Bridgewater Bancshares Inc's forecast and 2 cut it.

Consensus EPS forecast Bridgewater Bancshares Inc, last 90 days
$1.80 $1.90 $2.00 $2.10 $2.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.83 Current fiscal year, 60 days ago: $1.84 Current fiscal year, 30 days ago: $1.84 Current fiscal year, 7 days ago: $1.84 Current fiscal year, Now: $1.82 $1.82 Next fiscal year, 90 days ago: $2.11 Next fiscal year, 60 days ago: $2.12 Next fiscal year, 30 days ago: $2.12 Next fiscal year, 7 days ago: $2.09 Next fiscal year, Now: $2.04 $2.04

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.83$2.11
60 days ago $1.84$2.12
30 days ago $1.84$2.12
7 days ago $1.84$2.09
Now $1.82$2.04

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.47 $0.49 +3.7%
Jun 2026 $0.45 $0.45 −0.5%
Mar 2026 $0.41 $0.41 −0.6%
Dec 2025 $0.41 $0.44 +7.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 20, 2026

No numeric guidance in Bridgewater Bancshares Inc's latest earnings release (filed October 20, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026134
  2. Sep 2026134
  3. Aug 2026134
  4. Jul 20261214

Counts of recommendations published by analysts covering Bridgewater Bancshares Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.1%
of tradable shares
Days to cover
6.87
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
66%
of shares
Held by insiders
19.9%
of shares
Employees
360
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +25.3%

$16.46 on October 31, 2025 to $20.62

ThenNowEffect
Revenue (last 12 months) $125m $162m +29.7%
Net margin 30.4% 34.8% +14.2%
P/E multiple 12.1x 10.4x −14.1%
Share count 28m 28m −1.5%

Biggest factor: revenue.

Last 3 years +100.2%

$10.30 on November 3, 2023 to $20.62

ThenNowEffect
Revenue (last 12 months) $128m $162m +26.7%
Net margin 38.9% 34.8% −10.5%
P/E multiple 5.9x 10.4x +77.1%
Share count 28m 28m −0.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BWB+42%+0%−24%−0%+30%+18%
Industry peers (median)+34%−4%−2%+16%+10%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BWB83%42%42%50%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BWB−17%−18%−54%−22%−19%−16%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since March 14, 2018: 60% from November 10, 2022 to May 12, 2023. Getting back needed a 147% gain, reached on February 6, 2026, 1001 days after the low.

Price behaviour

52-week range
$16.17 – $22.49
From 52-week high
−8.3%
vs 50-day average
−0.7%
vs 200-day average
+4.5%
Volatility (1 year)
23%
Beta vs S&P 500
0.44

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±2.9%
After a week
4 up, 8 down
typical move ±5.4%
After a month
3 up, 8 down
typical move ±5.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 20, 2026 −1.0% +0.9% +0.4% —
July 21, 2026 −5.6% +0.7% −4.3% −1.5%
April 21, 2026 −3.6% +0.4% −1.8% −2.3%
January 27, 2026 +2.2% +0.4% +6.4% +3.9%
October 21, 2025 −2.8% −0.5% −4.4% −6.6%
July 23, 2025 +0.2% +0.9% −1.8% −1.9%
April 23, 2025 +7.3% +3.7% +19.5% +15.1%
January 29, 2025 +4.1% +0.1% +7.0% +6.1%
October 23, 2024 −0.9% −0.7% −2.5% −0.4%
July 24, 2024 +3.2% −2.8% −1.6% −6.9%
April 24, 2024 −1.6% −0.4% −6.9% −2.6%
January 24, 2024 +2.2% +0.7% −7.7% −11.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Bridgewater Bancshares Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bridgewater Bancshares Inc
$100M $120M $140M $160M $180M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $111.7M Revenue (TTM), FY24 Q1: $107.3M Revenue (TTM), FY24 Q2: $106.8M Revenue (TTM), FY24 Q3: $106.8M Revenue (TTM), FY24 Q4: $109.6M Revenue (TTM), FY25 Q1: $115.7M Revenue (TTM), FY25 Q2: $125M Revenue (TTM), FY25 Q3: $134M Revenue (TTM), FY25 Q4: $143.4M Revenue (TTM), FY26 Q1: $157.3M Revenue (TTM), FY26 Q2: $162.1M Revenue (TTM), FY26 Q3: $169.2M $169.2M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $111.7M
FY24 Q1 $107.3M
FY24 Q2 $106.8M
FY24 Q3 $106.8M
FY24 Q4 $109.6M
FY25 Q1 $115.7M
FY25 Q2 $125M
FY25 Q3 $134M
FY25 Q4 $143.4M
FY26 Q1 $157.3M
FY26 Q2 $162.1M
FY26 Q3 $169.2M
Revenue growth, TTM YoY Bridgewater Bancshares Inc
-40% -20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -17.9% Revenue growth, TTM YoY, FY24 Q1: -20.4% Revenue growth, TTM YoY, FY24 Q2: -16.5% Revenue growth, TTM YoY, FY24 Q3: -10.7% Revenue growth, TTM YoY, FY24 Q4: -1.9% Revenue growth, TTM YoY, FY25 Q1: 7.8% Revenue growth, TTM YoY, FY25 Q2: 17.0% Revenue growth, TTM YoY, FY25 Q3: 25.5% Revenue growth, TTM YoY, FY25 Q4: 30.8% Revenue growth, TTM YoY, FY26 Q1: 36.0% Revenue growth, TTM YoY, FY26 Q2: 29.7% Revenue growth, TTM YoY, FY26 Q3: 26.2% 26.2%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -17.9%
FY24 Q1 -20.4%
FY24 Q2 -16.5%
FY24 Q3 -10.7%
FY24 Q4 -1.9%
FY25 Q1 7.8%
FY25 Q2 17.0%
FY25 Q3 25.5%
FY25 Q4 30.8%
FY26 Q1 36.0%
FY26 Q2 29.7%
FY26 Q3 26.2%
FCF margin (TTM) Bridgewater Bancshares Inc
0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 24.2% FCF margin (TTM), FY24 Q1: 24.6% FCF margin (TTM), FY24 Q2: 22.9% FCF margin (TTM), FY24 Q3: 2.3% FCF margin (TTM), FY24 Q4: 38.6% FCF margin (TTM), FY25 Q1: 36.1% FCF margin (TTM), FY25 Q2: 27.0% FCF margin (TTM), FY25 Q3: 36.3% FCF margin (TTM), FY25 Q4: 15.3% FCF margin (TTM), FY26 Q1: 18.8% FCF margin (TTM), FY26 Q2: 22.5% FCF margin (TTM), FY26 Q3: 43.4% 43.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 24.2%
FY24 Q1 24.6%
FY24 Q2 22.9%
FY24 Q3 2.3%
FY24 Q4 38.6%
FY25 Q1 36.1%
FY25 Q2 27.0%
FY25 Q3 36.3%
FY25 Q4 15.3%
FY26 Q1 18.8%
FY26 Q2 22.5%
FY26 Q3 43.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What Bridgewater Bancshares earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $282M
  2. Fee and other income $10.9M · 7.6%
  3. Interest paid $149M
  4. Net interest income $132M · 92.4%
  5. Revenue $143M
  6. Non-interest expense $77.3M · 53.9%
  7. Credit-loss provisions $6M · 4.2%
  8. Pre-tax profit $60M · 41.9%
  9. Income tax $13.9M · 9.7%
  10. Net income $46.1M · 32.2%

Shares of revenue. Source: Bridgewater Bancshares's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 45 57 67 78 94 115 136 112 110 143 169
Net income 13 17 27 31 27 46 53 40 33 46 60
Diluted EPS $0.58 $0.68 $0.91 $1.05 $0.93 $1.54 $1.72 $1.27 $1.03 $1.49 $2.09
Growth (year on year)
Revenue — +26.9% +18.6% +15.9% +20.3% +22.4% +18.5% −17.9% −1.9% +30.8% +26.2%
Net income — +27.8% +59.4% +16.7% −13.4% +68.0% +16.9% −25.2% −17.9% +40.4% +45.9%
Diluted EPS — +17.2% +33.8% +15.4% −11.4% +65.6% +11.7% −26.2% −18.9% +44.7% +43.3%
Margins
Net margin 29.6% 29.8% 40.0% 40.3% 29.0% 39.8% 39.3% 35.8% 30.0% 32.1% 35.3%
Free-cash-flow margin 28.5% 41.7% 38.2% 30.7% −1.8% 46.6% 61.3% 24.2% 38.6% 15.3% 43.4%
Cash flow
Cash from operations 15 25 29 40 23 54 85 30 46 28 79
Capital spending 2 1 4 16 25 1 2 3 4 6 5
Free cash flow 13 24 26 24 −2 53 83 27 42 22 73
Stock-based pay 0 0 1 1 2 2 3 4 4 4 5
Free cash flow after stock pay 13 23 25 23 −3 51 80 23 38 18 69
Balance sheet
Cash 16 24 28 32 161 143 87 129 230 124 263
Total debt 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −16 −24 −28 −32 −161 −143 −87 −129 −230 −124 −263
Diluted shares 23m 25m 29m 30m 29m 29m 29m 28m 28m 28m 29m
Returned to shareholders
Buybacks 0 — — 15 10 2 11 5 5 2 —
Total returned 0 — — 15 10 2 11 5 5 2 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$2.2M
Returned to shareholders
10%
of free cash flow
Buybacks, last 3 fiscal years
$11.9M
Diluted share count
+1.8%
year over year
Total shareholder yield
0.4%
dividends 0.0% + buybacks 0.4% of market value

Competitors: side by side with peers

Closest by revenue in regional banks
Last 12 months unless stated BWB SFNC CWBC FSBC KRNY ESQ Median
Revenue, last 12 months $169m $169m $164m $178m $178m $160m $255m
Revenue growth, last 12 months 26.2% −79.0% 20.4% 26.5% 15.7% 18.6% 12.5%
Revenue growth, 3-year average 12.3% −42.8% 22.3% 13.8% −0.1% 15.5% 6.0%
Revenue growth, latest quarter 19.6% 16.1% 37.2% 25.1% 11.9% 17.6% 10.7%
Net margin 35.3% −206.3% 22.1% 40.5% 20.4% 33.0% 28.7%
Cash from operations / revenue 46.6% 309.3% 32.9% 46.1% 21.2% 42.3% 34.3%
Free-cash-flow margin 43.4% 284.5% 29.2% 45.3% 21.2% 41.6% 31.4%
Free-cash-flow margin, 3-year average 27.4% 130.5% 22.0% 39.5% 22.8% 38.5% 29.9%
Stock pay / revenue 2.9% 5.4% 0.7% 1.0% 2.1% 4.0% 1.2%
Change in share count 1.8% 14.0% 11.1% 0.2% 0.8% 1.3% 0.4%

Median of all 245 companies we cover in regional banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

245 regional banks companies
Measure Company Peer median Rank
Revenue growth Growth 26.2% 12.5% 49 of 245
Change in growth rate Growth -3.5pp +0.0pp 195 of 244
Net margin Profitability 35.3% 28.7% 38 of 245
Stock pay as % of revenue Cash generation 2.9% 1.3% 187 of 206
Change in share count Balance sheet 1.8% 0.4% 156 of 230

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$377M
Institutions reporting
149
Shares held vs prior quarter
▲ 3.8%
Positions opened / closed
20 / 9

Top buyers and sellers, Q2 2026: 80 institutions bought and 50 sold ; the biggest buyer was Blackrock, Inc (+180K shares) and the biggest seller Rhino Investment Partners, Inc (−430K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Thrivent Financial For Lutherans $46.4M 2.2M 12.3% ▼ 2.2%
Blackrock, Inc. $37.1M 1.8M 9.9% ▲ 11.4%
Alliancebernstein L.P. $23.7M 1.3M 6.3% ▲ 2.1%
Dimensional Fund Advisors LP $23.1M 1.1M 6.1% ▲ 3.9%
Vanguard Capital Management LLC $19.8M 941K 5.3% ▲ 2.4%
American Century Companies Inc $14.9M 708K 4.0% ▲ 14.6%
Geode Capital Management, LLC $11.7M 557K 3.1% ▲ 12.4%
State Street Corp $9.9M 469K 2.6% ▲ 3.1%
Punch & Associates Investment Management, Inc. $9.1M 435K 2.4% 0.0%
Renaissance Technologies LLC $8.1M 386K 2.2% ▲ 22.8%
Acadian Asset Management LLC $7.6M 361K 2.0% ▼ 2.0%
Tradition Wealth Management, LLC $7.4M 350K 2.0% ▼ 0.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bridgewater Bancshares Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $4,100 1 trade by 1 insider, last 12 months Insider sales History → $10.9M 43 trades by 12 insiders · 0% under pre-set plans
Net ▼ $10.9M net selling
Insider Date Trade Shares Price Value
Urness Todd B. Director October 29, 2026 Sell 10,000 $20.34 $203,424
Stejskal Jessica Anne Chief Experience Officer September 15, 2026 Sell 400 $21.25 $8,501
Parish Douglas J. Director September 9, 2026 Sell 4,000 $21.38 $85,536
Juran David B. Director September 2, 2026 Sell 623 $21.50 $13,394
Juran David B. Director August 28, 2026 Sell 518 $21.50 $11,139
Juran David B. Director August 25, 2026 Sell 940 $21.54 $20,246
Juran David B. Director August 24, 2026 Sell 25,000 $21.74 $543,430
Juran David B. Director August 21, 2026 Sell 15,000 $21.59 $323,886
Baack Jerry J. CEO August 17, 2026 Sell 10,000 $22.48 $224,813
Baack Jerry J. CEO August 14, 2026 Sell 15,000 $22.21 $333,219
Baack Jerry J. CEO August 13, 2026 Sell 10,000 $22.03 $220,282
Shellberg Jeffrey D. Director August 6, 2026 Sell 40,000 $21.26 $850,284

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 20, 2026
  • July 21, 2026
  • April 21, 2026
  • January 27, 2026
  • October 21, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Bridgewater Bancshares Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bridgewater Bancshares Inc in brief

What does Bridgewater Bancshares Inc do?
Bridgewater Bancshares Inc is a US-listed company in the regional banks industry. Its financial year ends in December.
What is Bridgewater Bancshares Inc's stock ticker?
Bridgewater Bancshares Inc trades under the ticker BWB on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bridgewater Bancshares Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bridgewater Bancshares Inc reported revenue of $169M, 26.2% higher than a year earlier, according to its SEC filings.
What is Bridgewater Bancshares Inc's free cash flow?
Bridgewater Bancshares Inc's free-cash-flow margin is 43.4% of revenue over the trailing twelve months.
Who are Bridgewater Bancshares Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Thrivent Financial For Lutherans, Blackrock, Inc. and Alliancebernstein L.P. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Bridgewater Bancshares Inc buying back stock, and does it pay a dividend?
Bridgewater Bancshares Inc spent $2.2M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.8% over the year.
What is Bridgewater Bancshares Inc's market cap?
On November 2, 2026, Bridgewater Bancshares Inc's market capitalisation was about $589M, with a price-to-earnings ratio of 9.9 and net debt of -$263M. Market figures come from third-party market data and may be delayed.
Who are Bridgewater Bancshares Inc's competitors?
In our Regional Banks peer group, the companies closest to Bridgewater Bancshares Inc are Simmons First National Corp, Community West Bancshares, Five Star Bancorp, Kearny Financial Corp. and Esquire Financial Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Bridgewater Bancshares Inc's.
Are insiders buying or selling Bridgewater Bancshares Inc stock?
Over the last 12 months, Bridgewater Bancshares Inc's directors and officers reported 1 open-market purchases and 43 sales on Form 4. The insider trading page charts every trade.
When is Bridgewater Bancshares Inc's next earnings date?
Around January 26, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bridgewater Bancshares Inc announces its own schedule.