Bridgewater Bancshares, Inc. (BWB) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Bridgewater Bancshares, Inc. (BWB) trades at $21.55 with AI Score 66/100 (Grade B+). Bridgewater Bancshares, Inc. Market cap: $601M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: May 9, 2026BWB stock analysis for 2026: Analysts have set a consensus price target of $23.50 for Bridgewater Bancshares, Inc., suggesting 9.0% upside from the current price of $21.55. The AI MoonshotScore is 66/100, indicating a bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
BWB: 1/3 scored disciplines lean bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Bridgewater Bancshares, Inc. (BWB) Financial Services Profile
Bridgewater Bancshares, Inc., through Bridgewater Bank, serves the commercial real estate and small business sectors in the Minneapolis-St. Paul region. With a focus on relationship banking and a profit margin of 17.7%, BWB offers a suite of deposit and loan products, competing with larger regional and national banks while maintaining a community-focused approach.
What Is the Investment Thesis for BWB?
Bridgewater Bancshares presents a compelling investment case based on its strategic focus on the vibrant Minneapolis-St. Paul commercial real estate and small business sectors. With a P/E ratio of 9.0, the company demonstrates reasonable valuation relative to its earnings. Key value drivers include continued loan growth within its target markets, efficient management of its net interest margin, and effective cost control. Ongoing catalysts include expansion within the Twin Cities metropolitan area and potential for increased market share. Potential risks include sensitivity to interest rate fluctuations and competition from larger regional and national banks. The company's beta of 0.62 suggests lower volatility compared to the overall market.
Based on FMP financials and quantitative analysis
BWB Key Highlights
Market capitalization of $601M, reflecting its position as a regional bank.
- P/E ratio of 9.0, indicating a potentially undervalued stock compared to its earnings.
- Profit margin of 17.7%, showcasing efficient operations and profitability.
- Gross margin of 50.1%, demonstrating the bank's ability to generate revenue from its services.
- Operates seven full-service offices within the Minneapolis-St. Paul metropolitan area, providing a localized banking experience.
Who Are BWB's Competitors?
BWB is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| USB U.S. Bancorp | $62.61 | -0.33% | $97.5B | 96 |
| KEY KeyCorp | $21.85 | -1.13% | $23.6B | 69 |
| HBAN Huntington Bancshares Incorporated | $17.16 | -0.03% | $34.7B | 70 |
| GCBC Greene County Bancorp, Inc. | $34.66 | +0.84% | $590M | 92 |
| NRIM Northrim BanCorp, Inc. | $25.72 | -0.07% | $572M | 95 |
| ACNB ACNB Corporation | $63.65 | +0.66% | $650M | 94 |
| HBCP Home Bancorp, Inc. | $69.43 | -0.06% | $546M | 94 |
| BCAL Southern California Bancorp | $21.20 | +0.66% | $682M | 92 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BWB's Key Strengths?
Strong focus on commercial real estate and small business lending.
- Established presence in the Minneapolis-St. Paul metropolitan area.
- Experienced management team.
- Solid profitability and efficiency metrics.
What Are BWB's Weaknesses?
Limited geographic diversification.
- Smaller size compared to larger regional and national banks.
- Reliance on traditional banking model.
- Lack of dividend may deter some investors.
What Could Drive BWB Stock Higher?
Potential interest rate hikes by the Federal Reserve could increase net interest margin.
- Continued economic growth in the Minneapolis-St. Paul metropolitan area.
- Expansion of digital banking services to attract new customers.
- Strategic partnerships with fintech companies to enhance service offerings.
What Are the Key Risks for BWB?
Financial-distress signal — its Altman Z-Score of -0.55 sits in the distress zone (elevated bankruptcy risk).
- Increased competition from larger regional and national banks.
- Economic downturn in the Minneapolis-St. Paul metropolitan area.
- Interest rate fluctuations impacting net interest margin.
- Regulatory changes affecting the banking industry.
- Credit risk associated with commercial lending portfolio.
What Are the Growth Opportunities for BWB?
- Expansion within the Minneapolis-St. Paul Metropolitan Area: Bridgewater has the opportunity to further penetrate its existing market by opening new branches and expanding its lending activities. The Twin Cities region boasts a robust economy and a growing population, providing a fertile ground for Bridgewater to increase its market share. This expansion can be achieved through strategic branch placement and targeted marketing campaigns, focusing on the specific needs of local businesses and real estate investors. The timeline for this expansion is ongoing, with potential for significant growth within the next 3-5 years.
- Increased Focus on Digital Banking Services: Enhancing its digital banking platform can attract and retain customers, particularly tech-savvy small business owners and high-net-worth individuals. By offering a seamless online and mobile banking experience, Bridgewater can compete more effectively with larger banks and fintech companies. This includes investing in user-friendly interfaces, mobile payment solutions, and robust cybersecurity measures. The market for digital banking is rapidly expanding, and Bridgewater can capitalize on this trend by offering innovative and convenient digital solutions. The timeline for significant improvements in digital banking is within the next 1-2 years.
- Strategic Partnerships with Fintech Companies: Collaborating with fintech companies can provide Bridgewater with access to cutting-edge technologies and expand its service offerings. By partnering with fintech firms specializing in areas such as online lending, payment processing, and wealth management, Bridgewater can enhance its competitiveness and attract new customers. This approach allows Bridgewater to leverage the expertise of fintech companies without having to invest heavily in internal development. The market for fintech partnerships is growing rapidly, and Bridgewater can benefit from these collaborations in the next 2-3 years.
- Expansion of Commercial Real Estate Lending Portfolio: Given its expertise in commercial real estate lending, Bridgewater can further expand its portfolio by targeting specific segments within this market, such as multifamily housing and mixed-use developments. The demand for commercial real estate financing remains strong in the Twin Cities region, and Bridgewater can capitalize on this trend by offering competitive loan products and personalized service. This expansion can be achieved through targeted marketing and outreach to real estate developers and investors. The timeline for significant growth in the commercial real estate lending portfolio is within the next 3-5 years.
- Development of Specialized Lending Products for Small Businesses: Creating specialized lending products tailored to the specific needs of small businesses can attract new customers and increase loan volume. This includes offering lines of credit, equipment financing, and SBA loans. By understanding the unique challenges and opportunities faced by small businesses, Bridgewater can develop customized lending solutions that meet their needs. The market for small business lending is large and diverse, and Bridgewater can differentiate itself by offering personalized service and flexible loan terms. The timeline for developing and launching specialized lending products is within the next 1-2 years.
What Are BWB's Competitive Advantages?
- Strong local market presence in the Minneapolis-St. Paul metropolitan area.
- Focus on relationship banking and personalized service.
- Expertise in commercial real estate lending.
- Established reputation within its target markets.
- Efficient operations and disciplined credit underwriting.
What Does BWB Do?
Bridgewater Bancshares, Inc., established in 2005, functions as the holding company for Bridgewater Bank, a regional bank providing a comprehensive suite of financial products and services. The bank targets commercial real estate investors, small business entrepreneurs, and high-net-worth individuals, primarily within the Minneapolis-St. Paul metropolitan area. Bridgewater Bank offers a variety of deposit accounts, including savings, money market, demand deposits, and certificates of deposit. Its lending portfolio encompasses commercial loans, construction and land development loans, 1-4 family mortgage loans, multifamily lending products, and consumer loans. The bank distinguishes itself through its focus on relationship banking, personalized service, and local market expertise. Bridgewater operates seven full-service offices located in Bloomington, Greenwood, Minneapolis, St. Louis Park, Orono, and St. Paul, Minnesota. The bank also provides online, mobile, and direct banking services, enhancing accessibility for its customers. Bridgewater's strategy emphasizes organic growth, disciplined credit underwriting, and efficient operations to deliver sustainable profitability.
What Products and Services Does BWB Offer?
- Provides banking products and services to commercial real estate investors.
- Offers financial solutions to small business entrepreneurs.
- Serves high net worth individuals with tailored banking services.
- Provides savings and money market accounts.
- Offers demand deposits and certificates of deposit.
- Provides commercial loans for various business purposes.
- Offers construction and land development loans.
- Provides online, mobile, and direct banking services.
How Does BWB Make Money?
- Generates revenue through interest income from loans.
- Earns fees from various banking services.
- Attracts deposits to fund lending activities.
- Manages credit risk through underwriting and monitoring.
- Focuses on relationship banking within its target markets.
What Industry Does BWB Operate In?
Bridgewater Bancshares operates within the regional banking sector, a segment characterized by intense competition and evolving customer expectations. The industry is undergoing digital transformation, with fintech companies challenging traditional banking models. Regional banks like Bridgewater are adapting by investing in technology and focusing on personalized service. The market is influenced by interest rate trends, regulatory changes, and economic conditions. Bridgewater differentiates itself by focusing on commercial real estate and small business lending within its local market, allowing it to build strong relationships and expertise.
Who Are BWB's Key Customers?
- Commercial real estate investors
- Small business entrepreneurs
- High net worth individuals
- Sole proprietorships, partnerships, and corporations
- Individuals seeking mortgage loans
Bridgewater Bancshares, Inc. Financial Trajectory
Bridgewater Bancshares, Inc. (BWB) reported $24.1M in revenue for Q2 2026, a decline of 69.6% compared to the prior quarter. The company recorded net income of $14.0M, with diluted EPS of $0.45. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Financial Services. Across the four most recent quarters, BWB averaged $0.46 in diluted EPS.
Company Profile
Bridgewater Bancshares, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Saint Louis Park, US. The company is led by CEO Jerry Baack. BWB has traded publicly since 2018.
How Bridgewater Bancshares, Inc. Is Valued
Bridgewater Bancshares, Inc. carries a market capitalization of $601M, placing it in the small-cap category. Relative to its peer group, BWB's quantitative score of 66/100 is below the peer average of 84/100.
Key Financial Metrics
Return on equity for Bridgewater Bancshares, Inc. stands at 10.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.0%, showing how much profit it generates from its asset base. BWB trades at a trailing price-to-earnings ratio of 9.01, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Bridgewater Bancshares, Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -0.55 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
Bridgewater Bancshares, Inc. has beaten Wall Street's EPS estimate in 5 of its last 8 reported quarters — more hits than misses. Reported results have landed about 5.5% above estimates on average.
Forward Outlook
Wall Street analysts project Bridgewater Bancshares, Inc. revenue of about $170.9M for fiscal 2026, with EPS near $1.84.
BWB Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong focus on commercial real estate and small business lending.
- Established presence in the Minneapolis-St. Paul metropolitan area.
- Experienced management team.
- Solid profitability and efficiency metrics.
Bear Case
- Limited geographic diversification.
- Smaller size compared to larger regional and national banks.
- Reliance on traditional banking model.
- Lack of dividend may deter some investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $24M | $14M | $0.45 |
| Q1 2026 | $79M | $17M | $0.58 |
| Q4 2025 | $76M | $13M | $0.43 |
| Q3 2025 | $75M | $12M | $0.38 |
Based on FMP financials and quantitative analysis
BWB Latest News
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Earnings Scheduled For July 21, 2026
benzinga · Jul 21, 2026
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Earnings Scheduled For April 21, 2026
benzinga · Apr 21, 2026
BWB Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BWB.
Price Targets
Consensus target: $23.50
BWB MoonshotScore
What does this score mean?
The MoonshotScore rates BWB 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Gerald John Baack
CEO
Gerald John Baack serves as the CEO of Bridgewater Bancshares, Inc., bringing extensive experience in the banking and financial services industry. His career includes leadership roles in various financial institutions, focusing on commercial lending, strategic planning, and risk management. Baack's background equips him with a deep understanding of the regional banking landscape and the needs of Bridgewater's target customers. He is responsible for overseeing the company's overall strategy and operations, ensuring sustainable growth and profitability.
Track Record: Under Gerald John Baack's leadership, Bridgewater Bancshares has focused on expanding its presence in the Minneapolis-St. Paul metropolitan area and enhancing its commercial lending capabilities. He has overseen the implementation of strategic initiatives aimed at improving operational efficiency and enhancing customer service. During his tenure, the bank has maintained a strong focus on credit quality and risk management, contributing to its consistent profitability.
What Investors Ask About Bridgewater Bancshares, Inc. (BWB) — Financial Services
What does the AI Score mean for BWB?
BWB holds an AI Score of 66/100 (Grade: B+). This is an educational research signal, not a buy or sell recommendation. Bridgewater Bancshares, Inc. is a bank holding company operating through Bridgewater Bank, providing financial services to commercial real estate investors, small business entrepreneurs, and high …
What does Bridgewater Bancshares, Inc. do?
Bridgewater Bancshares, Inc., through its subsidiary Bridgewater Bank, provides a range of banking products and services to commercial real estate investors, small business entrepreneurs, and high-net-worth individuals primarily in the Minneapolis-St. Paul metropolitan area.
What do analysts say about BWB stock?
Analyst coverage of Bridgewater Bancshares, Inc. (BWB) typically focuses on its growth prospects within the Minneapolis-St. Paul market, its asset quality, and its net interest margin. Key valuation metrics include its P/E ratio, which is currently 8.51, and its price-to-book ratio. Analysts often consider the company's ability to maintain its profitability and manage its credit risk in a competitive environment.
What are the main risks for BWB?
Bridgewater Bancshares faces several key risks, including interest rate risk, credit risk, and competition. Interest rate risk arises from the potential for changes in interest rates to negatively impact the bank's net interest margin. Credit risk stems from the possibility that borrowers may default on their loans, leading to losses for the bank.
How sensitive is BWB to interest rate changes?
As a regional bank, Bridgewater Bancshares' profitability is significantly influenced by interest rate fluctuations. The bank's net interest margin, which is the difference between the interest income it earns on loans and the interest it pays on deposits, is particularly sensitive to changes in interest rates.
How is Bridgewater Bancshares, Inc. adapting to fintech disruption?
Bridgewater Bancshares is adapting to the ongoing fintech disruption by investing in and enhancing its digital banking capabilities. This includes improving its online and mobile banking platforms to offer a more seamless and user-friendly experience for its customers.
What are the key factors to evaluate for BWB?
Bridgewater Bancshares, Inc. (BWB) holds an AI score of 66/100 (moderate). P/E: 9.0x vs the S&P 500's ~20-25x. Analysts target $23.50 (+9%). Not financial advice.
How frequently does BWB data refresh on this page?
BWB's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven BWB's recent stock price performance?
Bridgewater Bancshares, Inc. (BWB) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong focus on commercial real estate and small business lending. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Financial metrics are as of the latest available reporting period.