Bridgewater Bancshares, Inc.

NasdaqCM:BWB Stock Report

Market Cap: US$312.8m

Bridgewater Bancshares Valuation

Is BWB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BWB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BWB ($11.48) is trading below our estimate of fair value ($29.49)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for BWB?

Other financial metrics that can be useful for relative valuation.

BWB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-4.8x

Price to Earnings Ratio vs Peers

How does BWB's PE Ratio compare to its peers?

The above table shows the PE ratio for BWB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
FRST Primis Financial
29.3x55.5%US$294.2m
SMBK SmartFinancial
12.5x14.2%US$346.1m
AMBZ American Business Bank
7.6xn/aUS$338.3m
MCBC Macatawa Bank
7.7x1.0%US$324.0m
BWB Bridgewater Bancshares
8.9x-1.9%US$318.1m

Price-To-Earnings vs Peers: BWB is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (14.4x).


Price to Earnings Ratio vs Industry

How does BWB's PE Ratio compare vs other companies in the US Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BWB is good value based on its Price-To-Earnings Ratio (8.9x) compared to the US Banks industry average (9.5x).


Price to Earnings Ratio vs Fair Ratio

What is BWB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BWB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio8.9x

Price-To-Earnings vs Fair Ratio: BWB is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BWB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$11.48
US$14.83
+29.2%
5.7%US$16.00US$14.00n/a3
Mar ’25US$11.75
US$15.75
+34.0%
1.6%US$16.00US$15.50n/a2
Feb ’25US$12.30
US$15.75
+28.0%
1.6%US$16.00US$15.50n/a2
Nov ’24US$9.58
US$12.75
+33.1%
13.7%US$14.50US$11.00n/a2
Oct ’24US$9.48
US$12.67
+33.6%
13.0%US$14.50US$10.50n/a3
Sep ’24US$10.87
US$13.00
+19.6%
9.4%US$14.50US$11.50n/a3
Aug ’24US$10.65
US$13.00
+22.1%
9.4%US$14.50US$11.50n/a3
Jul ’24US$9.85
US$12.83
+30.3%
11.2%US$14.50US$11.00n/a3
Jun ’24US$9.11
US$13.17
+44.5%
11.7%US$14.50US$11.00n/a3
May ’24US$9.60
US$13.33
+38.9%
12.7%US$15.00US$11.00n/a3
Apr ’24US$10.84
US$15.50
+43.0%
17.3%US$19.00US$12.50n/a3
Mar ’24US$14.63
US$18.33
+25.3%
5.1%US$19.00US$17.00US$11.753
Feb ’24US$15.23
US$18.33
+20.4%
5.1%US$19.00US$17.00US$12.303
Jan ’24US$17.74
US$21.17
+19.3%
2.9%US$22.00US$20.50US$13.523
Dec ’23US$19.10
US$21.17
+10.8%
2.9%US$22.00US$20.50US$10.993
Nov ’23US$19.27
US$21.17
+9.8%
2.9%US$22.00US$20.50US$9.583
Oct ’23US$16.47
US$20.50
+24.5%
3.4%US$21.00US$19.50US$9.483
Sep ’23US$17.25
US$20.25
+17.4%
3.7%US$21.00US$19.50US$10.872
Aug ’23US$17.50
US$18.83
+7.6%
11.1%US$21.00US$16.00US$10.653
Jul ’23US$16.38
US$18.83
+15.0%
4.5%US$20.00US$18.00US$9.853
Jun ’23US$15.89
US$20.33
+28.0%
4.6%US$21.00US$19.00US$9.113
May ’23US$16.02
US$20.33
+26.9%
4.6%US$21.00US$19.00US$9.603
Apr ’23US$16.60
US$21.00
+26.5%
7.8%US$23.00US$19.00US$10.843
Mar ’23US$16.52
US$21.67
+31.2%
5.8%US$23.00US$20.00US$14.633

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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