NasdaqCM:BWB

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Bridgewater Bancshares

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 Analysis

Flawless balance sheet and good value.


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

Stable Share Price: BWB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

7.3%

BWB

12.9%

US Mortgage

1.2%

US Market


1 Year Return

-7.0%

BWB

-16.2%

US Mortgage

16.8%

US Market

Return vs Industry: BWB exceeded the US Mortgage industry which returned -17.4% over the past year.

Return vs Market: BWB underperformed the US Market which returned 16.4% over the past year.


Shareholder returns

BWBIndustryMarket
7 Day7.3%12.9%1.2%
30 Day14.1%-1.4%4.9%
90 Day16.8%45.3%20.0%
1 Year-7.0%-7.0%-14.0%-16.2%19.3%16.8%
3 Yearn/a-1.3%-8.3%43.7%34.4%
5 Yearn/a10.3%-1.8%75.5%56.6%

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

Valuation

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

27.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BWB ($10.13) is trading below our estimate of fair value ($14.18)

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


Price To Earnings Ratio

PE vs Industry: BWB is good value based on its PE Ratio (9.3x) compared to the US Mortgage industry average (11.3x).

PE vs Market: BWB is good value based on its PE Ratio (9.3x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: BWB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BWB is overvalued based on its PB Ratio (1.1x) compared to the US Mortgage industry average (0.8x).


Next Steps

Future Growth

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

-11.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BWB's earnings are forecast to decline over the next 3 years (-11% per year).

Earnings vs Market: BWB's earnings are forecast to decline over the next 3 years (-11% per year).

High Growth Earnings: BWB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BWB's revenue (4.7% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: BWB's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BWB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Bridgewater Bancshares performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BWB has high quality earnings.

Growing Profit Margin: BWB's current net profit margins (40.6%) are lower than last year (45.3%).


Past Earnings Growth Analysis

Earnings Trend: BWB's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: BWB's earnings growth over the past year (7.4%) is below its 5-year average (25.1% per year).

Earnings vs Industry: BWB earnings growth over the past year (7.4%) exceeded the Mortgage industry 7.2%.


Return on Equity

High ROE: BWB's Return on Equity (12.2%) is considered low.


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


Financial Institutions Analysis

Asset Level: BWB's Assets to Equity ratio (10.7x) is moderate.

Allowance for Bad Loans: BWB has a sufficient allowance for bad loans (4590%).

Low Risk Liabilities: 90% 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 (78%).

Low Risk Deposits: BWB's Loans to Deposits ratio (96%) is appropriate.

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


Next Steps

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?

6.1yrs

Average management tenure


CEO

Jerry Baack (53 yo)

15.58yrs

Tenure

US$1,662,312

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 ($USD1.66M) is about average for companies of similar size in the US market ($USD1.30M).

Compensation vs Earnings: Jerry's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gerald Baack
Founder15.58yrsUS$1.66m3.99%
$ 12.0m
Jeffrey Shellberg
Co-Founder15.58yrsUS$868.49k2.53%
$ 7.6m
Mary Crocker
Executive VP & COO6.58yrsUS$926.82k0.44%
$ 1.3m
Joseph Chybowski
Chief Financial Officer3.58yrsno data0.11%
$ 335.5k
Mark Hokanson
Chief Technology Officerno datano datano data
Ben Klocke
General Counselno datano datano data
Daniel Poppe
Senior VP & Senior Loan Officerno datano datano data
Lisa Salazar
Chief Deposit Officerno datano data0.014%
$ 41.7k
Tony Ferraro
Senior Vice President of Commercial Lendingno datano datano data
Erik Schwegler
Senior Vice President of Commercial Real Estateno datano datano data
Nicholas Place
Chief Lending Officer5.58yrsno data0.15%
$ 456.3k

6.1yrs

Average Tenure

50yo

Average Age

Experienced Management: BWB's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gerald Baack
Founder15.58yrsUS$1.66m3.99%
$ 12.0m
Jeffrey Shellberg
Co-Founder15.58yrsUS$868.49k2.53%
$ 7.6m
David Volk
Independent Director2.92yrsUS$92.00kno data
David Juran
Independent Director10.58yrsUS$80.00k4.53%
$ 13.6m
Todd Urness
Independent Director15.58yrsUS$80.00k3.76%
$ 11.3m
Lisa Brezonik
Independent Director0.67yrUS$7.00k0.010%
$ 30.5k
James Johnson
Independent Director15.58yrsUS$80.00k0.72%
$ 2.2m
Thomas Trutna
Independent Director15.58yrsUS$80.00k0.64%
$ 1.9m
Douglas Parish
Independent Director2.08yrsUS$80.00k0.042%
$ 126.9k

15.6yrs

Average Tenure

53.5yo

Average Age

Experienced Board: BWB's board of directors are seasoned and experienced ( 15.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BWB 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 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$300.828m
  • Shares outstanding: 28.84m
  • Website: https://www.bridgewaterbankmn.com

Number of Employees


Location

  • Bridgewater Bancshares, Inc.
  • 3800 American Boulevard West
  • Suite 100
  • Bloomington
  • Minnesota
  • 55431
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BWBNasdaqCM (Nasdaq Capital Market)YesVoting Common StockUSUSDMar 2018
1WADB (Deutsche Boerse AG)YesVoting Common StockDEEURMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 00:36
End of Day Share Price2020/08/11 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.