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Bridgewater Bancshares

DB:1WA
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1WA
DB
$337M
Market Cap
  1. Home
  2. DE
  3. Banks
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 last earnings update was 12 days ago. More info.


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1WA Share Price and Events
7 Day Returns
1.4%
DB:1WA
-0.7%
Europe Mortgage
0.3%
DE Market
1 Year Returns
-10.3%
DB:1WA
-9.9%
Europe Mortgage
-11.6%
DE Market
1WA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bridgewater Bancshares (1WA) 1.4% 1.8% -2.1% -10.3% - -
Europe Mortgage -0.7% -3% 8.1% -9.9% 18.4% 6.6%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • 1WA outperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

1WA Value

 Is Bridgewater Bancshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bridgewater Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bridgewater Bancshares.

DB:1WA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $9.01 * 9.7%
$0.88
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $9.01
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1WA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 21%) (48.44%))
1.165
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.165 * 5.96%)
7.17%

Discounted Cash Flow Calculation for DB:1WA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bridgewater Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:1WA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.7% – 7.17%) * $9.01)
$0.23
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.23 / (7.17% - 0.23%)
$3.33
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.01 + $3.33
$12.34
DB:1WA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1WA represents 0.86366x of NasdaqCM:BWB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86366x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 12.34 x 0.86366
€10.66
Value per share (EUR) From above. €10.66
Current discount Discount to share price of €9.67
= -1 x (€9.67 - €10.66) / €10.66
9.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bridgewater Bancshares is available for.
Intrinsic value
9%
Share price is €9.67 vs Future cash flow value of €10.66
Current Discount Checks
For Bridgewater Bancshares to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bridgewater Bancshares's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Bridgewater Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bridgewater Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bridgewater Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1WA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.93
NasdaqCM:BWB Share Price ** NasdaqCM (2019-05-21) in USD $11.2
Europe Mortgage Industry PE Ratio Median Figure of 16 Publicly-Listed Mortgage Companies 9.14x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bridgewater Bancshares.

DB:1WA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:BWB Share Price ÷ EPS (both in USD)

= 11.2 ÷ 0.93

12.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridgewater Bancshares is overvalued based on earnings compared to the Europe Mortgage industry average.
  • Bridgewater Bancshares is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bridgewater Bancshares's expected growth come at a high price?
Raw Data
DB:1WA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
11.9%per year
Europe Mortgage Industry PEG Ratio Median Figure of 6 Publicly-Listed Mortgage Companies 0.97x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:1WA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.04x ÷ 11.9%

1.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridgewater Bancshares is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bridgewater Bancshares's assets?
Raw Data
DB:1WA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $7.70
NasdaqCM:BWB Share Price * NasdaqCM (2019-05-21) in USD $11.2
Europe Mortgage Industry PB Ratio Median Figure of 18 Publicly-Listed Mortgage Companies 0.73x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:1WA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:BWB Share Price ÷ Book Value per Share (both in USD)

= 11.2 ÷ 7.70

1.45x

* Primary Listing of Bridgewater Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridgewater Bancshares is overvalued based on assets compared to the Europe Mortgage industry average.
X
Value checks
We assess Bridgewater Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Bridgewater Bancshares has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1WA Future Performance

 How is Bridgewater Bancshares expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bridgewater Bancshares expected to grow at an attractive rate?
  • Bridgewater Bancshares's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bridgewater Bancshares's earnings growth is positive but not above the Germany market average.
  • Bridgewater Bancshares's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1WA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1WA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 11.9%
DB:1WA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 16.9%
Europe Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 7.8%
Europe Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1WA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1WA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 87 34 3
2019-12-31 76 30 3
DB:1WA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 63 35 28
2018-12-31 60 29 27
2018-09-30 59 28 22
2018-06-30 56 25 21
2018-03-31 53 21 19
2017-12-31 51 25 17
2017-09-30 49 21 17
2016-12-31 41 15 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bridgewater Bancshares's earnings are expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
  • Bridgewater Bancshares's revenue is expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1WA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Bridgewater Bancshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1WA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.11 1.15 1.08 3.00
2019-12-31 0.98 1.01 0.97 3.00
DB:1WA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.93
2018-12-31 0.93
2018-09-30 0.81
2018-06-30 0.79
2018-03-31 0.75
2017-12-31 0.69
2017-09-30 0.69
2016-12-31 0.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bridgewater Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bridgewater Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bridgewater Bancshares has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1WA Past Performance

  How has Bridgewater Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bridgewater Bancshares's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Bridgewater Bancshares's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Bridgewater Bancshares's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Bridgewater Bancshares's earnings growth has exceeded the Europe Mortgage industry average in the past year (49.2% vs 9.4%).
Earnings and Revenue History
Bridgewater Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bridgewater Bancshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1WA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 62.85 27.99 23.06
2018-12-31 60.41 26.92 22.31
2018-09-30 58.52 22.49 21.72
2018-06-30 56.20 20.71 20.33
2018-03-31 53.45 18.76 18.43
2017-12-31 50.62 16.89 17.23
2017-09-30 49.08 16.94 15.94
2016-12-31 41.44 13.22 14.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bridgewater Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bridgewater Bancshares used its assets more efficiently than the Europe Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Bridgewater Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bridgewater Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bridgewater Bancshares has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1WA Health

 How is Bridgewater Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bridgewater Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bridgewater Bancshares Company Filings, last reported 1 month ago.

DB:1WA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 231.78 163.16 51.70
2018-12-31 221.00 181.63 32.10
2018-09-30 210.85 187.10 24.84
2018-06-30 205.93 124.58 25.72
2018-03-31 199.04 123.05 23.93
2017-12-31 137.16 132.53 27.14
2017-09-30 133.68 121.00 27.74
2016-12-31 115.37 116.00 21.42
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bridgewater Bancshares has an acceptable proportion of non-loan assets held.
  • Bridgewater Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bridgewater Bancshares are broadly funded by customer deposits.
  • Bridgewater Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bridgewater Bancshares has a sufficient allowance for bad loans.
  • Bridgewater Bancshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bridgewater Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bridgewater Bancshares has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1WA Dividends

 What is Bridgewater Bancshares's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bridgewater Bancshares dividends.
If you bought €2,000 of Bridgewater Bancshares shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bridgewater Bancshares's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bridgewater Bancshares's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1WA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1WA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bridgewater Bancshares has not reported any payouts.
  • Unable to verify if Bridgewater Bancshares's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bridgewater Bancshares's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bridgewater Bancshares has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bridgewater Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bridgewater Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bridgewater Bancshares has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1WA Management

 What is the CEO of Bridgewater Bancshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jerry Baack
COMPENSATION $1,337,930
AGE 51
TENURE AS CEO 14.3 years
CEO Bio

Mr. Gerald John Baack, also known as Jerry, Co-Founded Bridgewater Bancshares, Inc. and Bridgewater Bank (“Bank”) and has been its Chairman of the Board, Chief Executive Officer and President since 2005. Mr. Baack was responsible for all aspects of the Bank’s formation; including, the initial capital raise, business plan, board and management team structure and recruitment, charter and regulatory approval. As the chief visionary and strategist, Mr. Baack plays a vital role in business development and is instrumental in defining strategic initiatives and ascertaining new opportunities for growth. Mr. Baack drives all decisions regarding mergers and acquisitions, capital management and diversification. Prior to establishing Bank, Mr. Baack held positions at Commerce Bank, First State Bank of Excelsior and Hampton Bank, all located in the State of Minnesota. He began his career as a Bank Examiner with the FDIC in 1990, where he worked for over seven years. He has over 25 years of commercial banking and regulatory experience. As a result of the Bank’s continued success, Mr. Baack was awarded Banker of the Year by NorthWestern Financial Review (nka BankBeat) in 2017. Additionally, Mr. Baack was recognized as a nominee for the 2017 Entrepreneur of the Year award by Ernst & Young. Mr. Baack received his B.S. from Minnesota State University in 1989 and is an alumnus of the Graduate School of Banking at University of Colorado, Boulder in 2001.

CEO Compensation
  • Jerry's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jerry's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bridgewater Bancshares management team in years:

4.8
Average Tenure
53.5
Average Age
  • The tenure for the Bridgewater Bancshares management team is about average.
Management Team

Jerry Baack

TITLE
Founder
COMPENSATION
$1M
AGE
51
TENURE
14.3 yrs

Jeff Shellberg

TITLE
Co-Founder
COMPENSATION
$750K
AGE
56

Mary Crocker

TITLE
Executive VP & COO
COMPENSATION
$781K
AGE
56
TENURE
5.3 yrs

Joe Chybowski

TITLE
Chief Financial Officer
AGE
31
TENURE
2.3 yrs

Dan Poppe

TITLE
Senior VP & Senior Loan Officer
AGE
70

Lisa Salazar

TITLE
Senior Vice President of Deposit Services & Emerging Products

Tony Ferraro

TITLE
Senior Vice President of Commercial Lending

Erik Schwegler

TITLE
Senior Vice President of Commercial Real Estate

Nick Place

TITLE
Chief Lending Officer
AGE
33
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Bridgewater Bancshares board of directors in years:

14.3
Average Tenure
52
Average Age
  • The average tenure for the Bridgewater Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jeff Shellberg

TITLE
Co-Founder
COMPENSATION
$750K
AGE
56
TENURE
14.3 yrs

David Juran

TITLE
Director
COMPENSATION
$70K
AGE
50
TENURE
9.3 yrs

Jerry Baack

TITLE
Founder
COMPENSATION
$1M
AGE
51
TENURE
14.3 yrs

Todd Urness

TITLE
Director
COMPENSATION
$70K
AGE
61
TENURE
14.3 yrs

Doug Parish

TITLE
Director
COMPENSATION
$40K
AGE
51
TENURE
0.8 yrs

David Volk

TITLE
Director
COMPENSATION
$82K
TENURE
1.7 yrs

Jim Johnson

TITLE
Director
COMPENSATION
$70K
AGE
55
TENURE
14.3 yrs

Tom Trutna

TITLE
Director
COMPENSATION
$70K
AGE
52
TENURE
14.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bridgewater Bancshares insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. May 19 Buy Douglas Parish Individual 30. Apr 19 30. Apr 19 500 €9.40 €4,698
05. Feb 19 Buy Douglas Parish Individual 04. Feb 19 04. Feb 19 500 €9.89 €4,943
12. Dec 18 Sell James Johnson Individual 10. Dec 18 10. Dec 18 -5,000 €10.04 €-50,204
13. Nov 18 Buy Douglas Parish Individual 12. Nov 18 12. Nov 18 500 €10.29 €5,147
01. Nov 18 Buy Joseph Chybowski Individual 31. Oct 18 31. Oct 18 1,000 €9.76 €9,765
17. Aug 18 Buy Douglas Parish Individual 16. Aug 18 16. Aug 18 8,000 €10.88 €87,017
31. Jul 18 Buy Gerald Baack Individual 31. Jul 18 31. Jul 18 2,000 €10.91 €21,825
X
Management checks
We assess Bridgewater Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bridgewater Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1WA News

Simply Wall St News

1WA Company Info

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. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit. The company 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; 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. It has seven full-service offices located in Bloomington, Greenwood, Minneapolis, St. Louis Park, Orono, and St. Paul, Minnesota. The company was founded in 2005 and is headquartered in Bloomington, Minnesota.

Details
Name: Bridgewater Bancshares, Inc.
1WA
Exchange: DB
Founded: 2005
$301,662,876
30,070,543
Website: http://www.bridgewaterbankmn.com
Address: Bridgewater Bancshares, Inc.
3800 American Boulevard West,
Suite 100,
Bloomington,
Minnesota, 55431,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM BWB Voting Common Stock Nasdaq Capital Market US USD 14. Mar 2018
DB 1WA Voting Common Stock Deutsche Boerse AG DE EUR 14. Mar 2018
Number of employees
Current staff
Staff numbers
143
Bridgewater Bancshares employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 22:57
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.