BWBNasdaqState Commercial BanksFiscal year ends December 31Also trades as BWBBP
Bridgewater Bancshares Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$20.33−0.27 (-1.31%)
Close on Oct 19, 2026
- Market cap
- $581.22M
- P/E (TTM)
- 11.0
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
18M
Shares held, 13F filers
Institutional holders
150
20 new, 9 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
2 buys · 43 sales
Net sold $10.58M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Thrivent Financial For Lutherans | 2,382,186 | 8.70% | 13G (passive) amendment | Jun 30, 2025 |
| BlackRock, Inc. | 1,733,581 | 6.20% | 13G (passive) amendment | Dec 31, 2023 |
| David Juran | 1,591,482 | 5.70% | 13G (passive) amendment | Dec 31, 2025 |
| Jerry Baack | 1,429,162 | 5.10% | 13G (passive) amendment | Dec 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BWB | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Thrivent Financial for Lutherans | 2,205,041 | – | $46.39K | −49,064 | 0.08% |
| BlackRock, Inc. | 1,765,449 | – | $37.15M | +180,053 | 0.00% |
| Alliancebernstein L.P. | 1,341,747 | – | $23.75M | +27,467 | 0.01% |
| Dimensional Fund Advisors LP | 1,099,544 | – | $23.13M | +41,073 | 0.00% |
| Vanguard Capital Management LLC | 941,478 | – | $19.81M | +21,960 | 0.00% |
| American Century Companies Inc | 708,418 | – | $14.91M | +90,491 | 0.01% |
| Geode Capital Management, LLC | 557,374 | – | $11.73M | +61,306 | 0.00% |
| State Street Corp | 468,511 | – | $9.86M | +14,037 | 0.00% |
| Punch & Associates Investment Management, Inc. | 434,660 | – | $9.15M | – | 0.45% |
| Renaissance Technologies LLC | 385,947 | – | $8.12M | +71,600 | 0.01% |
| Acadian Asset Management LLC | 361,031 | – | $7.59K | −7,200 | 0.01% |
| Tradition Wealth Management, LLC | 349,549 | – | $7.35M | −2,316 | 0.45% |
| Arrowstreet Capital, Limited Partnership | 348,022 | – | $7.32M | – | 0.00% |
| Next Century Growth Investors LLC | 318,380 | – | $6.70M | −15,174 | 0.36% |
| Two Sigma Investments, LP | 308,505 | – | $6.49M | +134,795 | 0.00% |
| Kennedy Capital Management LLC | 282,649 | – | $5.95M | −4,293 | 0.11% |
| Ancora Advisors, LLC | 238,580 | – | $5.02M | +2,340 | 0.10% |
| Hillsdale Investment Management Inc. | 234,060 | – | $4.92M | +22,100 | 0.11% |
| Russell Investments Group, Ltd. | 232,011 | – | $4.88M | +25,866 | 0.00% |
| Hotchkis & Wiley Capital Management LLC | 230,264 | – | $4.84M | +1,570 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 150 | 18M | 20 / 61 | 41 / 9 | 1M | 1M |
| Q1 2026 | 141 | 17M | 17 / 43 | 50 / 12 | 2M | 1M |
| Q4 2025 | 139 | 17M | 20 / 48 | 44 / 8 | 1M | 0M |
| Q3 2025 | 128 | 16M | 14 / 53 | 28 / 10 | 2M | 1M |
| Q2 2025 | 124 | 15M | 21 / 44 | 33 / 10 | 2M | 1M |
| Q1 2025 | 114 | 14M | 8 / 28 | 49 / 6 | 1M | 1M |
| Q4 2024 | 113 | 15M | 17 / 41 | 25 / 9 | 2M | 0M |
| Q3 2024 | 107 | 14M | 19 / 38 | 28 / 1 | 3M | 0M |
| Q2 2024 | 90 | 13M | 7 / 33 | 33 / 14 | 1M | 1M |
| Q1 2024 | 97 | 13M | 9 / 33 | 33 / 17 | 1M | 1M |
| Q4 2023 | 105 | 13M | 22 / 35 | 29 / 3 | 1M | 2M |
| Q3 2023 | 87 | 14M | 6 / 34 | 28 / 13 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BWB | Value | % of fund | As of |
|---|---|---|---|---|---|
| Thrivent Small Cap Stock Fund | 1,552,733 | – | $31.80M | 1.09% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 664,655 | – | $13.98M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 587,564 | – | $12.36M | 0.01% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 566,536 | – | $10.68M | 0.04% | May 31, 2026 |
| Thrivent Small Cap Stock Portfolio | 510,791 | – | $10.75M | 1.06% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 252,691 | – | $5.32M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 227,366 | – | $4.66M | 0.01% | Jul 31, 2026 |
| AB Small Cap Value Portfolio | 189,711 | – | $3.99M | 0.69% | Jun 30, 2026 |
| Tax-Managed U.S. Mid & Small Cap Fund | 171,412 | – | $3.51M | 0.17% | Jul 31, 2026 |
| U.S. Targeted Value Portfolio | 156,108 | – | $3.20M | 0.02% | Jul 31, 2026 |
| U.S. Small Cap Value Portfolio | 152,683 | – | $3.13M | 0.02% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 127,713 | – | $2.62M | 0.02% | Jul 31, 2026 |
| RMB Mendon Financial Services Fund | 127,218 | – | $2.68M | 1.04% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 108,942 | – | $2.05M | 0.00% | May 31, 2026 |
| iShares Russell 2000 Value ETF | 108,439 | – | $2.28M | 0.02% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Jerry J. Baack | CEO, Director | 1,125,769 | Aug 18, 2026 |
| Jessica Anne Stejskal | Chief Experience Officer | 16,207 | Sep 16, 2026 |
| Lisa M. Salazar | CHIEF OPERATING OFFICER | 38,108 | Jun 11, 2026 |
| Nicholas L. Place | CHIEF BANKING OFFICER | 159,622 | Jun 8, 2026 |
| Joseph M. Chybowski | PRESIDENT & CFO | 126,501 | Jun 5, 2026 |
| Katie Lynn Morrell | Chief Credit Officer | 12,906 | Dec 9, 2025 |
| Laura Espeseth | Chief Administrative Officer | 21,816 | Dec 9, 2025 |
| David B. Juran | Director | 1,361,620 | Sep 30, 2026 |
| Lisa Brezonik | Director | 38,147 | Sep 30, 2026 |
| Mary Jayne Crocker | Director | 230,568 | Sep 30, 2026 |
| Douglas J. Parish | Director | 10,485 | Sep 30, 2026 |
| David J. Volk | Director | 34,510 | Sep 30, 2026 |
| Todd B. Urness | Director | 1,177,909 | Sep 30, 2026 |
| James S. Johnson | Director | 168,089 | Sep 30, 2026 |
| Thomas P. Trutna | Director | 104,170 | Sep 30, 2026 |
| Mohammed Lawal | Director | 37,467 | Sep 30, 2026 |
| Jeffrey D. Shellberg | Director | 107,287 | Sep 1, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Mary Jayne Crocker Director | Sep 30, 2026 | Award | +484 | – | – | 224,868 |
| David B. Juran Director | Sep 30, 2026 | Award | +969 | – | – | 1,350,895 |
| Mohammed Lawal Director | Sep 30, 2026 | Award | +969 | – | – | 37,467 |
| Thomas P. Trutna Director | Sep 30, 2026 | Award | +484 | – | – | 84,170 |
| James S. Johnson Director | Sep 30, 2026 | Award | +969 | – | – | 98,422 |
| Todd B. Urness Director | Sep 30, 2026 | Award | +969 | – | – | 311,187 |
| David J. Volk Director | Sep 30, 2026 | Award | +969 | – | – | 34,212 |
| Douglas J. Parish Director | Sep 30, 2026 | Award | +484 | – | – | 6,378 |
| Lisa Brezonik Director | Sep 30, 2026 | Award | +969 | – | – | 38,147 |
| Jessica Anne Stejskal Chief Experience Officer | Sep 15, 2026 | Sale | −400 | $21.25 | $8.50K | 16,207 |
| Douglas J. Parish Director | Sep 9, 2026 | Sale | −4,000 | $21.38 | $85.52K | 4,107 |
| David B. Juran Director | Sep 2, 2026 | Sale | −623 | $21.50 | $13.39K | 79,220 |
| Jeffrey D. Shellberg Director | Aug 31, 2026 | Option exercise | +16,100 | $17.50 | $281.75K | 82,287 |
| Jeffrey D. Shellberg Director | Aug 31, 2026 | Option exercise | +6,250 | $12.92 | $80.75K | 88,537 |
| Jeffrey D. Shellberg Director | Aug 31, 2026 | Tax withholding | −17,206 | $21.07 | $362.53K | 71,331 |
| David B. Juran Director | Aug 28, 2026 | Sale | −518 | $21.50 | $11.14K | 79,843 |
| David B. Juran Director | Aug 25, 2026 | Sale | −940 | $21.54 | $20.25K | 80,361 |
| David B. Juran Director | Aug 24, 2026 | Sale | −25,000 | $21.74 | $543.50K | 81,301 |
| David B. Juran Director | Aug 21, 2026 | Sale | −15,000 | $21.59 | $323.85K | 106,301 |
| Jerry J. Baack CEO, Director | Aug 17, 2026 | Sale | −10,000 | $22.48 | $224.80K | 1,123,769 |
| Jerry J. Baack CEO, Director | Aug 14, 2026 | Sale | −15,000 | $22.21 | $333.15K | 1,133,769 |
| Jerry J. Baack CEO, Director | Aug 13, 2026 | Sale | −10,000 | $22.03 | $220.30K | 1,148,769 |
| Jeffrey D. Shellberg Director | Aug 6, 2026 | Sale | −40,000 | $21.26 | $850.40K | 66,187 |
| Jeffrey D. Shellberg Director | Aug 5, 2026 | Sale | −160,000 | $21.04 | $3.37M | 106,187 |
| Mary Jayne Crocker Director | Aug 4, 2026 | Sale | −11,000 | $21.04 | $231.44K | 224,384 |
| Mary Jayne Crocker Director | Jul 31, 2026 | Option exercise | +39,958 | $7.47 | $298.49K | 249,959 |
| Mary Jayne Crocker Director | Jul 31, 2026 | Tax withholding | −14,575 | $20.48 | $298.50K | 235,384 |
| Jessica Anne Stejskal Chief Experience Officer | Jul 30, 2026 | Option exercise | +1,600 | $7.47 | $11.95K | 16,607 |
| Mary Jayne Crocker Director | Jul 30, 2026 | Sale | −11 | $21.22 | $233 | 210,001 |
| Mary Jayne Crocker Director | Jul 30, 2026 | Option exercise | +31 | $7.47 | $232 | 210,012 |
| Jerry J. Baack CEO, Director | Jul 29, 2026 | Sale | −11,334 | $20.91 | $236.99K | 1,158,769 |
| Jerry J. Baack CEO, Director | Jul 27, 2026 | Sale | −15,900 | $20.80 | $330.72K | 1,170,103 |
| Todd B. Urness Director | Jun 30, 2026 | Award | +959 | – | – | 310,218 |
| Mohammed Lawal Director | Jun 30, 2026 | Award | +959 | – | – | 36,498 |
| James S. Johnson Director | Jun 30, 2026 | Award | +959 | – | – | 97,453 |
| Mary Jayne Crocker Director | Jun 30, 2026 | Award | +479 | – | – | 209,981 |
| David B. Juran Director | Jun 30, 2026 | Award | +959 | – | – | 1,349,926 |
| Lisa Brezonik Director | Jun 30, 2026 | Award | +959 | – | – | 37,178 |
| Thomas P. Trutna Director | Jun 30, 2026 | Award | +479 | – | – | 83,686 |
| David J. Volk Director | Jun 30, 2026 | Award | +959 | – | – | 33,243 |
| Douglas J. Parish Director | Jun 30, 2026 | Award | +479 | – | – | 5,894 |
| Lisa M. Salazar CHIEF OPERATING OFFICER | Jun 10, 2026 | Option exercise | +1,931 | $12.94 | $24.99K | 38,008 |
| Nicholas L. Place CHIEF BANKING OFFICER | Jun 8, 2026 | Option exercise | +12,500 | $7.47 | $93.38K | 152,122 |
| Nicholas L. Place CHIEF BANKING OFFICER | Jun 5, 2026 | Sale | −4,688 | $19.28 | $90.38K | 139,622 |
| Joseph M. Chybowski PRESIDENT & CFO | Jun 5, 2026 | Option exercise | +7,000 | $7.47 | $52.29K | 125,501 |
| Joseph M. Chybowski PRESIDENT & CFO | Jun 5, 2026 | Sale | −7,000 | $18.96 | $132.72K | 118,501 |
| Mary Jayne Crocker Director | May 21, 2026 | Sale | −6,525 | $18.50 | $120.71K | 209,502 |
| Jeffrey D. Shellberg Director | May 21, 2026 | Sale | −20,000 | $18.55 | $371.00K | 25,000 |
| Mary Jayne Crocker Director | May 11, 2026 | Buy | +205 | $20.00 | $4.10K | 5,700 |
| Lisa M. Salazar CHIEF OPERATING OFFICER | May 8, 2026 | Sale | −4,162 | $18.55 | $77.21K | 36,077 |
| Jeffrey D. Shellberg Director | May 7, 2026 | Sale | −8,174 | $18.45 | $150.81K | 45,000 |
| Jeffrey D. Shellberg Director | May 6, 2026 | Sale | −9,252 | $18.45 | $170.70K | 53,174 |
| Jeffrey D. Shellberg Director | May 1, 2026 | Sale | −62 | $18.50 | $1.15K | 62,426 |
| Jeffrey D. Shellberg Director | Apr 29, 2026 | Sale | −2,512 | $18.50 | $46.47K | 62,488 |
| Mary Jayne Crocker Director | Apr 16, 2026 | Option exercise | +6,750 | $12.92 | $87.21K | 216,027 |
| Douglas J. Parish Director | Mar 31, 2026 | Award | +573 | – | – | 5,415 |
| David B. Juran Director | Mar 31, 2026 | Award | +1,146 | – | – | 1,348,967 |
| Mary Jayne Crocker Director | Mar 31, 2026 | Award | +280 | – | – | 209,277 |
| Mohammed Lawal Director | Mar 31, 2026 | Award | +1,146 | – | – | 35,539 |
| James S. Johnson Director | Mar 31, 2026 | Award | +1,146 | – | – | 96,494 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Stejskal Jessica Officer | Sep 15, 2026 | 400 | $8.50K | Sep 15, 2026 | Restricted Stock |
| Douglas J. Parish Director | Sep 8, 2026 | 4,000 | $87.40K | Sep 8, 2026 | Director Payment |
| David B. Juran Director | Aug 21, 2026 | 50,000 | $1.07M | Aug 21, 2026 | Private Placement |
| Jerry J. Baack Officer, Director | Aug 12, 2026 | 35,000 | $759.85K | Aug 13, 2026 | Cash Stock Option Exercise |
| Jayne Crocker Mary Director | Aug 4, 2026 | 11,000 | $231.49K | Aug 4, 2026 | Exercised Shares |
| Jayne Crocker Mary Director | Jul 30, 2026 | 11 | $233 | Jul 30, 2026 | Stock Option Exercise |
| Shellberg Jeffrey Director | Jul 30, 2026 | 200,000 | $4.20M | Jul 30, 2026 | Private Placement |
| Jerry J. Baack Officer, Director | Jul 28, 2026 | 11,334 | $233.93K | Jul 29, 2026 | RSA Vesting |
| Jerry J. Baack Officer, Director | Jul 27, 2026 | 15,900 | $330.40K | Jul 27, 2026 | RSU Vesting |
| Place Nicholas Officer | Jun 5, 2026 | 4,688 | $90.36K | Jun 5, 2026 | Restricted Stock |
| Joseph M. Chybowski Officer | Jun 5, 2026 | 7,000 | $133.56K | Jun 5, 2026 | Restricted Stock Unit Award |
| Jayne Crocker Mary Director | May 21, 2026 | 6,525 | $120.71K | May 21, 2026 | Restricted Stock |
| Shellberg Jeffrey Director | May 21, 2026 | 20,000 | $373.20K | May 21, 2026 | Warrant exercise |
| Salazar Lisa Officer | May 8, 2026 | 4,162 | $77.21K | May 8, 2026 | Restricted Stock |
| Shellberg Jeffrey Director | Apr 28, 2026 | 20,000 | $375.00K | Apr 29, 2026 | Company Issuance |