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Bridgewater Bancshares Inc (BWBBP) stock analysis

BWBBPNasdaqState Commercial BanksFiscal year ends December 31Also trades as BWB
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 16/309% below fair value
$19.25+0.29 (+1.53%)

Close on Oct 30, 2026Market cap $536.76MP/E 9.9Yield –

StockData Score

Prices as of Oct 30, 2026How the score works

Value5Growth2Performance4Health5Dividend0

Solid16 of 30 checks passed

Bridgewater Bancshares passes 16 of the 30 checks behind our score; 8 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
5/6
Growth
2/6
Past performance
4/6
Financial health
5/6
Dividend
0/6

What stands out

  • Trading below fair value

    The share price of $20.21 is below our fair value estimate of $22.26.

  • Earnings grew over 5 years

    Net income grew 11.1% a year on average over the last five fiscal years.

  • Earnings growth accelerating

    Net income grew 45.9% over the last twelve months, against a 5-year average of 11.1% a year.

  • P/E below its 5-year median

    Bridgewater Bancshares's P/E of 10.4 is below its own 5-year median of 11.3.

What to watch

  • Margin of safety under 20%

    The price is 9.2% below fair value, less than the 20% cushion we look for.

  • Return on equity under 15%

    Return on equity was 11.5% over the last twelve months and averaged 10.9% over five years; we look for 15% on both.

  • Revenue growing under 10% a year

    Revenue grew 1.8% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -4.7% a year over the last three fiscal years.

Valuation5/6

  • P/E below its 5-year median

    Bridgewater Bancshares's P/E of 10.4 is below its own 5-year median of 11.3.

  • P/E below the industry

    Bridgewater Bancshares's P/E of 10.4 is below the Commercial Banks median of 12.3.

  • P/S below the industry

    Bridgewater Bancshares's price-to-sales of 3.33 is below the Commercial Banks median of 3.64.

  • P/B below the industry

    Bridgewater Bancshares's price-to-book of 1.04 is below the Commercial Banks median of 1.27.

  • Trading below fair value

    The share price of $20.21 is below our fair value estimate of $22.26.

  • Margin of safety under 20%

    The price is 9.2% below fair value, less than the 20% cushion we look for.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew 1.8% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -4.7% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 45.9% over the last twelve months, against a 5-year average of 11.1% a year.

  • Growing faster than the industry

    Revenue grew 26.2% over the last twelve months; the Commercial Banks median is 11.4%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance4/6

  • Return on equity under 15%

    Return on equity was 11.5% over the last twelve months and averaged 10.9% over five years; we look for 15% on both.

  • Return on assets over 1%

    Return on assets was 1.1%; for a bank or insurer, 1% or more is considered good.

  • Return on equity above the industry

    Bridgewater Bancshares's return on equity of 11.5% is above the Commercial Banks median of 11.2%.

  • Earnings grew over 5 years

    Net income grew 11.1% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 35.3% over the last twelve months, against a 5-year average of 35.4%.

  • Net margin above the industry

    Bridgewater Bancshares's net margin of 35.3% is above the Commercial Banks median of 30.0%.

Financial health5/6

  • Well capitalized

    Equity is 9.6% of total assets; 8% or more is a comfortable cushion.

  • Loans funded by deposits

    Loans equal 99.3% of deposits, so lending is funded by customer deposits.

  • Adequate loan-loss reserve

    The allowance for credit losses is 1.3% of loans; we look for at least 1%.

  • Efficient operations

    Non-interest expense takes 50.6% of revenue; under 60% is efficient for a bank.

  • Deposits growing

    Deposits grew 4.2% over the past year.

  • Borrowings

    Needs debt and equity figures.

Dividend0/6

  • No dividend

    Bridgewater Bancshares has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$22.26

The share price is 9% below this estimate.

20%+ below
Near fair value
20%+ above
$20.21Price
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E11.8×11.3×12.3×$23.0350%
P/B1.1×0.9×1.3×$21.4950%
Fair value$22.26100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 11.3
  • Commercial Banks median 12.3

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$2.08M
Value traded per 1% price move
$2.37M

Downside

Low risk

Typical loss in a bad month
11.4%
Volatility (annualized)
23%
Sharpe ratio, 1 year
0.80
Beta to the S&P 500 (5Y)
0.78

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2015 to 2025

Net margin

32.2%+3.2 pts over 5 years