Bridgewater Bancshares Inc (BWB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bridgewater Bancshares Inc stock $16.39, price $20.28, that is 19.2% below the price, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
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Bridgewater Bancshares Inc
BWB · USOur calculation puts a fair price 19% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $8.09 – $22.49 · fair‑value band $15.25 – $18.54 · the $20.28 price screens above the $16.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services in the United States.
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The company provides commercial loans, including loans secured by nonfarm, nonresidential properties, multifamily residential properties, and nonowner occupied single family residential properties; construction, land development, and commercial and industrial loans; commercial real estate loans, such as owner and nonowner occupied properties; single family residential construction, land development, finished lots and raw land, and commercial and multifamily construction loans, as well as paycheck protection program loans.
It offers deposit products, including savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction accounts, as well as certificates of deposit. In addition, the company offers online, mobile, and direct banking services.
The company was incorporated in 2005 and is headquartered in Saint Louis Park, Minnesota.
Stock analysis
Bridgewater Bancshares Inc (BWB) currently trades at $20.28, while our model-based Fair Value estimate is $16.39, 19% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $23.00 per share, and 2 of the 4 models we run sit above the $20.28 price.
Bear case: the Asset-Based group reads lowest at $11.97, and 2 of the 4 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $15.25 (bear) to $18.54 (bull), the price of $20.28 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bridgewater Bancshares Inc reported revenue of $292M in FY2025 versus $134M in FY2021, a compound +21.4%/yr. Reported net income was $46.1M in FY2025, compounding +0.2%/yr from FY2021.
Key figures
Market cap $578M Small · P/E ratio 10.4 · P/S ratio 3.54 · EPS (TTM) $1.95 · Net margin 36.6% · Return on equity 11.5% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin 49.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −19%, BWB screens cheaper than that median.
Fair Value models
All 4 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 9 officers or directors sold shares worth $9.1M and none bought.
- SaleTodd B. UrnessDirector2× since Oct 29, 2026: 30,000 shares, avg. $20.25$607,642Nov 5, 2026
- SaleJoseph M. ChybowskiPRESIDENT & CFO4× since Dec 9, 2025: 28,642 shares, avg. $19.06$545,958Nov 3, 2026
- SaleJerry J. BaackCEO, Director6× since Nov 12, 2025: 154,331 shares, avg. $19.89$3.1MNov 3, 2026
- SaleJessica Anne StejskalChief Experience Officer400 shares at $21.25$8,500Sep 15, 2026
- SaleDouglas J. ParishDirector4,000 shares at $21.38$85,520Sep 9, 2026
- SaleDavid B. JuranDirector4× since Aug 21, 2026: 42,081 shares, avg. $21.68$912,129Sep 2, 2026
- SaleJeffrey D. ShellbergDirector8× since Dec 9, 2025: 271,774 shares, avg. $20.36$5.5MAug 6, 2026
- SaleMary Jayne CrockerDirector6× since Nov 10, 2025: 36,493 shares, avg. $18.43$672,579Aug 4, 2026
- SaleNicholas L. PlaceCHIEF BANKING OFFICER2× since Dec 9, 2025: 6,096 shares, avg. $18.90$115,208Jun 5, 2026
- SaleLisa M SalazarCHIEF OPERATING OFFICER4,162 shares at $18.55$77,205May 8, 2026
Plus 2 more entries from the last 12 months.
Plus 27 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
BWB screens overvalued: fair value 19% below the price. Compare with China Merchants Bank Co →
Compare Bridgewater Bancshares Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Debt-to-equity by industry
- Price/FCF by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs BWB |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs BWB |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs BWB |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs BWB |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs BWB |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs BWB |
| Mizuho Financial Group MFG | $9.40 | $5.89 | −37% | vs BWB |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs BWB |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs BWB |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs BWB |
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Key figures of Bridgewater Bancshares Inc
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