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BWB

Bridgewater BancsharesNasdaqCM:BWB Stock Report

Market Cap

US$474.4m

7D

5.0%

1Y

87.0%

Updated

26 Sep, 2021

Data

Company Financials +
BWB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends0/6

BWB Overview

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.

Bridgewater Bancshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bridgewater Bancshares
Historical stock prices
Current Share PriceUS$16.83
52 Week HighUS$9.12
52 Week LowUS$18.25
Beta0.82
1 Month Change0.78%
3 Month Change2.06%
1 Year Change87.00%
3 Year Change29.26%
5 Year Changen/a
Change since IPO33.36%

Recent News & Updates

Apr 21
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Bridgewater Bancshares, Inc.'s (NASDAQ:BWB) CEO For Now

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Bridgewater Bancshares, Inc.'s (NASDAQ:BWB) CEO For Now

CEO Jerry Baack has done a decent job of delivering relatively good performance at Bridgewater Bancshares, Inc...

Shareholder Returns

BWBUS MortgageUS Market
7D5.0%0.7%0.1%
1Y87.0%23.1%35.3%

Return vs Industry: BWB exceeded the US Mortgage industry which returned 23.1% over the past year.

Return vs Market: BWB exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is BWB's price volatile compared to industry and market?
BWB volatility
BWB Beta0.82
Industry Beta1.12
Market Beta1

Stable Share Price: BWB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BWB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005214Jerry Baackhttps://www.bridgewaterbankmn.com

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.

Bridgewater Bancshares Fundamentals Summary

How do Bridgewater Bancshares's earnings and revenue compare to its market cap?
BWB fundamental statistics
Market CapUS$474.36m
Earnings (TTM)US$33.82m
Revenue (TTM)US$92.06m

14.0x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BWB income statement (TTM)
RevenueUS$92.06m
Cost of RevenueUS$0
Gross ProfitUS$92.06m
ExpensesUS$58.24m
EarningsUS$33.82m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.20
Gross Margin100.00%
Net Profit Margin36.73%
Debt/Equity Ratio46.1%

How did BWB perform over the long term?

See historical performance and comparison

Valuation

Is Bridgewater Bancshares undervalued compared to its fair value and its price relative to the market?

40.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BWB ($16.83) is trading below our estimate of fair value ($28.44)

Significantly Below Fair Value: BWB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BWB is poor value based on its PE Ratio (14x) compared to the US Mortgage industry average (12.1x).

PE vs Market: BWB is good value based on its PE Ratio (14x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: BWB is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: BWB is overvalued based on its PB Ratio (1.6x) compared to the US Mortgage industry average (1.1x).


Future Growth

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

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BWB's forecast earnings growth (7.8% per year) is above the savings rate (2%).

Earnings vs Market: BWB's earnings (7.8% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: BWB's earnings are forecast to grow, but not significantly.

Revenue vs Market: BWB's revenue (15.2% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: BWB's revenue (15.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BWB's Return on Equity is forecast to be low in 3 years time (12.7%).


Past Performance

How has Bridgewater Bancshares performed over the past 5 years?

17.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BWB has high quality earnings.

Growing Profit Margin: BWB's current net profit margins (36.7%) are lower than last year (40.6%).


Past Earnings Growth Analysis

Earnings Trend: BWB's earnings have grown by 17% per year over the past 5 years.

Accelerating Growth: BWB's earnings growth over the past year (7.6%) is below its 5-year average (17% per year).

Earnings vs Industry: BWB earnings growth over the past year (7.6%) underperformed the Mortgage industry 34%.


Return on Equity

High ROE: BWB's Return on Equity (11.6%) is considered low.


Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BWB's Assets to Equity ratio (10.9x) is moderate.

Allowance for Bad Loans: BWB has a sufficient allowance for bad loans (4940%).

Low Risk Liabilities: 95% of BWB's liabilities are made up of primarily low risk sources of funding.

Loan Level: BWB has an appropriate level of Loans to Assets ratio (80%).

Low Risk Deposits: BWB's Loans to Deposits ratio (94%) is appropriate.

Level of Bad Loans: BWB has an appropriate level of bad loans (0%).


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BWB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BWB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BWB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BWB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BWB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Jerry Baack (54 yo)

16.67yrs

Tenure

US$1,457,998

Compensation

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. M...


CEO Compensation Analysis

Compensation vs Market: Jerry's total compensation ($USD1.46M) is about average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BWB's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: BWB's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bridgewater Bancshares, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bridgewater Bancshares, Inc.
  • Ticker: BWB
  • Exchange: NasdaqCM
  • Founded: 2005
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$474.362m
  • Shares outstanding: 28.19m
  • Website: https://www.bridgewaterbankmn.com

Number of Employees


Location

  • Bridgewater Bancshares, Inc.
  • 4450 Excelsior Boulevard
  • Suite 100
  • Saint Louis Park
  • Minnesota
  • 55416
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:04
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.