Bridgewater Bancshares Inc. (BWB)
Nasdaq · State Commercial Banks · Finance, insurance and real estate · CIK 1341317 · fiscal year ends in Dec
Closing price $20.36 on 29 Oct 2026; 52-week range $16.17 to $22.49.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $169.2M
- Revenue growth
- 26.2%
- Net income, last twelve months
- $59.8M
- Earnings per share
- $1.95
- Net margin
- 35.3%
- Free cash flow
- $73.5M
- Return on equity
- 11.0%
- Market value
- $569.3M
- Price to earnings
- 10.4x
- Cash
- $262.6M
- Debt
- $505.0M
- Debt to equity
- 0.93
- Shares outstanding
- 28.0M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $143.4M | – | $46.1M | $1.49 | $22.0M | 10-K filed 26 Feb 2026 |
| FY2024 | 31 Dec 2024 | $109.6M | – | $32.8M | $1.03 | $42.3M | 10-K filed 6 Mar 2025 |
| FY2023 | 31 Dec 2023 | $111.7M | – | $40.0M | $1.27 | $27.0M | 10-K filed 7 Mar 2024 |
| FY2022 | 31 Dec 2022 | $136.0M | – | $53.4M | $1.72 | $83.4M | 10-K filed 7 Mar 2023 |
| FY2021 | 31 Dec 2021 | $114.8M | – | $45.7M | $1.54 | $53.5M | 10-K filed 8 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sep 2026 | $43.2M | $15.0M | $0.49 |
| Q2 FY2026 | 30 Jun 2026 | $40.9M | $14.0M | $0.45 |
| Q1 FY2026 | 31 Mar 2026 | $46.2M | $17.4M | $0.58 |
| Q4 FY2025 | 31 Dec 2025 | $38.8M | $13.3M | $0.43 |
| Q3 FY2025 | 30 Sep 2025 | $36.2M | $11.6M | $0.38 |
| Q2 FY2025 | 30 Jun 2025 | $36.1M | $11.5M | $0.38 |
| Q1 FY2025 | 31 Mar 2025 | $32.3M | $9.6M | $0.31 |
| Q4 FY2024 | 31 Dec 2024 | $29.5M | $8.2M | $0.26 |
Company events
The newest 8-K filings of 90 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 20 Oct 2026 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
| 26 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 12 Aug 2026 | 8-K | Investor update | 7.01, 9.01 |
| 21 Jul 2026 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
| 4 May 2026 | 8-K | Investor update | 7.01, 9.01 |
| 1 May 2026 | 8-K | Shareholder vote | 5.07, 9.01 |
| 21 Apr 2026 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
| 27 Feb 2026 | 8-K | Material agreement | 1.01, 9.01 |
| 9 Feb 2026 | 8-K | Investor update | 7.01, 9.01 |
| 27 Jan 2026 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
| 3 Nov 2025 | 8-K | Investor update | 7.01, 9.01 |
| 21 Oct 2025 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
Every filing
The newest filings with the SEC of 206 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 10-Q | 30 Sep 2026 |
| 20 Oct 2026 | 8-K | 20 Oct 2026 |
| 26 Aug 2026 | 8-K | 26 Aug 2026 |
| 12 Aug 2026 | 8-K | 12 Aug 2026 |
| 30 Jul 2026 | 10-Q | 30 Jun 2026 |
| 21 Jul 2026 | 8-K | 21 Jul 2026 |
| 4 May 2026 | 8-K | 4 May 2026 |
| 1 May 2026 | S-8 | – |
| 1 May 2026 | 8-K | 1 May 2026 |
| 30 Apr 2026 | 10-Q | 31 Mar 2026 |
| 21 Apr 2026 | 8-K | 21 Apr 2026 |
| 16 Mar 2026 | ARS | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 15 Sep 2026 | Stejskal Jessica Anne, Chief Experience Officer | Sale outside a trading plan | 400 | $21.25 | $8.5K | 16,207 | 16 Sep 2026 |
| 9 Sep 2026 | Parish Douglas J., Director | Sale outside a trading plan | 4,000 | $21.38 | $85.5K | 4,107 | 10 Sep 2026 |
| 2 Sep 2026 | Juran David B., Director | Sale outside a trading plan | 623 | $21.50 | $13.4K | 79,220 | 3 Sep 2026 |
| 28 Aug 2026 | Juran David B., Director | Sale outside a trading plan | 518 | $21.50 | $11.1K | 79,843 | 1 Sep 2026 |
| 25 Aug 2026 | Juran David B., Director | Sale outside a trading plan | 940 | $21.54 | $20.2K | 80,361 | 27 Aug 2026 |
| 24 Aug 2026 | Juran David B., Director | Sale outside a trading plan | 25,000 | $21.74 | $543.4K | 81,301 | 25 Aug 2026 |
| 21 Aug 2026 | Juran David B., Director | Sale outside a trading plan | 15,000 | $21.59 | $323.9K | 106,301 | 25 Aug 2026 |
| 17 Aug 2026 | Baack Jerry J., CEO | Sale outside a trading plan | 10,000 | $22.48 | $224.8K | 1,123,769 | 18 Aug 2026 |
| 14 Aug 2026 | Baack Jerry J., CEO | Sale outside a trading plan | 15,000 | $22.21 | $333.2K | 1,133,769 | 14 Aug 2026 |
| 13 Aug 2026 | Baack Jerry J., CEO | Sale outside a trading plan | 10,000 | $22.03 | $220.3K | 1,148,769 | 14 Aug 2026 |
| 6 Aug 2026 | Shellberg Jeffrey D., Director | Sale outside a trading plan | 40,000 | $21.26 | $850.3K | 66,187 | 10 Aug 2026 |
| 5 Aug 2026 | Shellberg Jeffrey D., Director | Sale outside a trading plan | 160,000 | $21.04 | $3.4M | 106,187 | 5 Aug 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 29 Oct 2026 | Urness Todd B., Director | 10,000 | $206.2K | 29 Oct 2026 |
| 15 Sep 2026 | JESSICA STEJSKAL, Officer | 400 | $8.5K | 15 Sep 2026 |
| 8 Sep 2026 | Parish Douglas J., Director | 4,000 | $87.4K | 8 Sep 2026 |
| 21 Aug 2026 | Juran David B., Director | 50,000 | $1.1M | 21 Aug 2026 |
| 12 Aug 2026 | Baack Jerry J., Officer, Director | 35,000 | $759.9K | 13 Aug 2026 |
| 4 Aug 2026 | MARY JAYNE CROCKER, Director | 11,000 | $231.5K | 4 Aug 2026 |
| 30 Jul 2026 | MARY JAYNE CROCKER, Director | 11 | $233 | 30 Jul 2026 |
| 30 Jul 2026 | Jeffrey Shellberg, Director | 200,000 | $4.2M | 30 Jul 2026 |
| 28 Jul 2026 | Baack Jerry J., Officer, Director | 11,334 | $233.9K | 29 Jul 2026 |
| 27 Jul 2026 | Baack Jerry J., Officer, Director | 15,900 | $330.4K | 27 Jul 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 11 Feb 2026 | Jerry Baack | 13G amended | 5.1% | 1.4M |
| 11 Feb 2026 | David Juran | 13G amended | 5.7% | 1.6M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 695.2K | +5.97% | 7.97 |
| 30 Sep 2026 | 656.1K | -11.07% | 6.07 |
| 15 Sep 2026 | 737.8K | -6.16% | 8.45 |
| 31 Aug 2026 | 786.2K | +15.43% | 5.94 |
| 14 Aug 2026 | 681.1K | +11.03% | 3.22 |
| 31 Jul 2026 | 613.4K | +4.18% | 3.52 |
| 15 Jul 2026 | 588.8K | +16.57% | 3.76 |
| 30 Jun 2026 | 505.2K | +54.07% | 1.31 |
Funds that hold it
From each fund's latest Form 13F.
160 funds held it at 30 Jun 2026: 77 added and 39 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Thrivent Financial for Lutherans | 2,205,041 | $46.4M | -49,064 |
| BlackRock, Inc. | 1,765,449 | $37.1M | +180,053 |
| AllianceBernstein L.P. | 1,341,747 | $23.7M | +27,467 |
| Dimensional Fund Advisors LP | 1,099,544 | $23.1M | +41,073 |
| Vanguard Capital Management LLC | 941,478 | $19.8M | +21,960 |
| American Century Companies Inc. | 708,418 | $14.9M | +90,491 |
| Geode Capital Management, LLC | 557,374 | $11.7M | +61,306 |
| State Street Corp. | 468,511 | $9.9M | +14,037 |
| Punch & Associates Investment Management, Inc. | 434,660 | $9.1M | 0 |
| Renaissance Technologies LLC | 385,947 | $8.1M | +71,600 |
Peers
Companies in the same industry.
- Bank of Nova Scotia (BNS): revenue $27.0B, market value $118.0B
- Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $101.3B
- Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.3B
- Fifth Third Bancorp (FITB): revenue $10.7B, market value $49.4B
- State Street Corp. (STT): revenue $15.5B, market value $47.4B
- M&T Bank Corp. (MTB): revenue $10.0B, market value $32.4B
- Northern Trust Corp. (NTRS): revenue $9.3B, market value $31.3B
- Banco Bradesco S.A. (BBD): revenue –, market value $27.8B
- Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.7B
- First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $27.5B