Bridgewater Bancshares
Market Cap
US$348.7m
Last Updated
2019/10/16 00:40 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Flawless balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Bridgewater Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
3.0%
BWB
2.8%
US Mortgage
3.4%
US Market
1 Year Return
-4.9%
BWB
12.3%
US Mortgage
5.4%
US Market
Return vs Industry: BWB underperformed the US Mortgage industry which returned 12.3% over the past year.
Return vs Market: BWB underperformed the US Market which returned 5.4% over the past year.
Shareholder returns
| BWB | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 2.8% | 3.4% |
| 30 Day | 1.9% | 0.1% | -1.0% |
| 90 Day | 5.1% | 3.4% | -0.4% |
| 1 Year | -4.9%-4.9% | 14.7%12.3% | 7.7%5.4% |
| 3 Year | n/a | 40.3%30.9% | 46.2%36.8% |
| 5 Year | n/a | 70.5%52.5% | 65.6%47.5% |
Price Volatility Vs. Market
How volatile is Bridgewater Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Bridgewater Bancshares, Inc.'s (NASDAQ:BWB) P/E Ratio Signal A Buying Opportunity?1 month ago | Simply Wall St
Those Who Purchased Bridgewater Bancshares (NASDAQ:BWB) Shares A Year Ago Have A 11% Loss To Show For It2 months ago | Simply Wall St
How Many Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Did Insiders Buy, In The Last Year?Valuation
Is Bridgewater Bancshares undervalued compared to its fair value and its price relative to the market?
12.41x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: BWB ($12.1) is trading above our estimate of fair value ($10.31)
Significantly Undervalued: BWB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BWB is good value based on its PE Ratio (12.4x) compared to the Mortgage industry average (14.6x).
PE vs Market: BWB is good value based on its PE Ratio (12.4x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: BWB is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: BWB is overvalued based on its PB Ratio (1.5x) compared to the US Mortgage industry average (1.1x).
Next Steps
Future Growth
How is Bridgewater Bancshares forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BWB's forecast earnings growth (8.4% per year) is above the savings rate (2.7%).
Earnings vs Market: BWB's earnings (8.4% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: BWB's earnings are forecast to grow, but not significantly.
Revenue vs Market: BWB's revenue (15% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: BWB's revenue (15% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: BWB's Return on Equity is forecast to be low in 3 years time (12.5%).
Next Steps
Past Performance
How has Bridgewater Bancshares performed over the past 5 years?
41.3%
Last years earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if BWB's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare BWB's past year earnings growth to its 5-year average.
Earnings vs Industry: BWB earnings growth over the past year (41.3%) exceeded the Mortgage industry 31.7%.
Return on Equity
High ROE: BWB's Return on Equity (12.8%) is considered low.
Return on Assets
ROA vs Industry: BWB has a higher Return on Assets than the Mortgage industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate BWB's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
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
Inventory Level: BWB has a low level of unsold assets or inventory.
Debt Coverage by Assets: BWB's debt is not covered by short term assets (assets are 0.4x debt).
Financial Institutions Analysis
Asset Level: BWB's level of assets compared to its equity is low.
Allowance for Bad Loans: BWB has a sufficient allowance for bad loans.
Low Risk Liabilities: BWB's liabilities are made up of primarily low risk sources of funding.
Loan Level: BWB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BWB's loans are broadly funded by customer deposits.
Level of Bad Loans: BWB has an appropriate level of bad loans (0.03%)
Next Steps
Dividend
What is Bridgewater Bancshares's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate BWB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BWB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Bridgewater Bancshares's salary, the management and board of directors tenure and is there insider trading?
5.8yrs
Average management tenure
CEO
Jerry Baack (52yo)
14.8yrs
Tenure
US$1,337,930
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: Insufficient data to establish whether Jerry's total compensation is reasonable compared to companies of similar size in the US market.
Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: BWB's management team is seasoned and experienced (5.8 years average tenure).
Board Age and Tenure
14.8yrs
Average Tenure
53yo
Average Age
Experienced Board: BWB's board of directors are seasoned and experienced ( 14.8 years average tenure).
Insider Trading
Insider Buying: BWB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 500 |
| Max Price | US$11.94 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 500 |
| Max Price | US$10.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 500 |
| Max Price | US$11.30 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 5,000 |
| Max Price | US$11.41 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 500 |
| Max Price | US$11.58 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 1,000 |
| Max Price | US$11.05 |
Ownership Breakdown
Management Team
Dan Poppe (71yo)
Senior VP & Senior Loan Officer
- Tenure: 0yrs
Jeff Shellberg (57yo)
Co-Founder
- Tenure: 14.8yrs
- Compensation: US$749.69k
Jerry Baack (52yo)
Founder
- Tenure: 14.8yrs
- Compensation: US$1.34m
Mary Crocker (57yo)
Executive VP & COO
- Tenure: 5.8yrs
- Compensation: US$780.89k
Nick Place (34yo)
Chief Lending Officer
- Tenure: 0yrs
Joe Chybowski (32yo)
Chief Financial Officer
- Tenure: 2.8yrs
Lisa Salazar
Chief Deposit Officer
- Tenure: 0yrs
Tony Ferraro
Senior Vice President of Commercial Lending
- Tenure: 0yrs
Erik Schwegler
Senior Vice President of Commercial Real Estate
- Tenure: 0yrs
Board Members
David Volk
Director
- Tenure: 2.1yrs
- Compensation: US$82.00k
Jeff Shellberg (57yo)
Co-Founder
- Tenure: 14.8yrs
- Compensation: US$749.69k
Jerry Baack (52yo)
Founder
- Tenure: 14.8yrs
- Compensation: US$1.34m
David Juran (51yo)
Director
- Tenure: 9.8yrs
- Compensation: US$70.00k
Todd Urness (62yo)
Director
- Tenure: 14.8yrs
- Compensation: US$70.00k
Jim Johnson (56yo)
Director
- Tenure: 14.8yrs
- Compensation: US$70.00k
Tom Trutna (53yo)
Director
- Tenure: 14.8yrs
- Compensation: US$70.00k
Doug Parish (52yo)
Director
- Tenure: 1.3yrs
- Compensation: US$40.00k
Company Information
Bridgewater Bancshares, Inc.'s company bio, 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$348.750m
- Shares outstanding: 28.82m
- Website: https://www.bridgewaterbankmn.com
Number of Employees
Location
- Bridgewater Bancshares, Inc.
- 3800 American Boulevard West
- Suite 100
- Bloomington
- Minnesota
- 55431
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BWB | NasdaqCM (Nasdaq Capital Market) | Yes | Voting Common Stock | US | USD | Mar 2018 |
| 1WA | DB (Deutsche Boerse AG) | Yes | Voting Common Stock | DE | EUR | Mar 2018 |
Biography
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 hig ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 00:40 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.