| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
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.
Rewards
Risk Analysis
No risks detected for BWB from our risk checks.
Bridgewater Bancshares Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.83 |
| 52 Week High | US$9.12 |
| 52 Week Low | US$18.25 |
| Beta | 0.82 |
| 1 Month Change | 0.78% |
| 3 Month Change | 2.06% |
| 1 Year Change | 87.00% |
| 3 Year Change | 29.26% |
| 5 Year Change | n/a |
| Change since IPO | 33.36% |
Recent News & Updates
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
| BWB | US Mortgage | US Market | |
|---|---|---|---|
| 7D | 5.0% | 0.7% | 0.1% |
| 1Y | 87.0% | 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
| BWB volatility | |
|---|---|
| BWB Beta | 0.82 |
| Industry Beta | 1.12 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 214 | Jerry Baack | https://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
| BWB fundamental statistics | |
|---|---|
| Market Cap | US$474.36m |
| Earnings (TTM) | US$33.82m |
| Revenue (TTM) | US$92.06m |
14.0x
P/E Ratio1.6x
P/B RatioIs BWB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BWB income statement (TTM) | |
|---|---|
| Revenue | US$92.06m |
| Cost of Revenue | US$0 |
| Gross Profit | US$92.06m |
| Expenses | US$58.24m |
| Earnings | US$33.82m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.20 |
| Gross Margin | 100.00% |
| Net Profit Margin | 36.73% |
| Debt/Equity Ratio | 46.1% |
How did BWB perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/26 22:04 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.