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← CockpitCompetitor Analysis › BWB Bridgewater Bancshares, Inc.Open in the cockpit ↗

Bridgewater Bancshares, Inc.BWBCompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks
Momentum neutral 56
Mkt cap
$568M
US dollars, full cap
Free float
76%
of shares outstanding
$/day
$2.53M
20-day average traded
P/B
1.19×
price to book
ROE
11.5%
delivered
Implied ROE
9.0%
what the price asks
Next earnings
83 days
28 Jan 2027
Close · USD$20.28
1D+0.1%
1W+0.3%
1M-0.5%
3M-5.5%
6M+9.5%
YTD+15.7%
1Y+20.8%
ATR %2.9%
Beta0.46
52w lowhigh10.3% off high

What Bridgewater Bancshares does

Employees: 322

Bridgewater Bancshares at a glance

Size Bridgewater Bancshares (BWB) is a United States Financials company (Regional Banks) with a market value of $568M, the 2604th largest of 3,117 United States companies the cockpit tracks. Shares closed at $20.28 on 6 Nov 2026.

Performance Over six months the shares gained 9.5%, against +10.8% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 10.3% over the last twelve months (peer median +9.4%); the operating margin is 46.1% (peer median 37.7%).

Valuation It trades at 1.19× book value against a peer median of 1.21× (10th cheapest of 21).

Price implies The share price implies a return on equity of about 9.0%; Bridgewater Bancshares delivers 11.5%, so the price asks less than the business earns today.

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026BWB 113Peer median 111
Six months, rebased to 100: Bridgewater Bancshares against the median of its 20 peers (local-currency closes).

Bridgewater Bancshares financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$309M$291M$251M$228M$170M
Revenue growth—+16%+10%+34%—
Net income$59.8M$46.1M$32.8M$40.0M$53.4M
Free cash flow$73.5M$22.0M$42.3M$27.0M$83.4M
Capital expenditure$32.0M$10.5M$6.86M$2.97M$9.04M
Total debt$505M$510M$454M$415M$479M

Quarterly statements and history in the cockpit →

Bridgewater Bancshares competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+20%-20%0%SFSTUNTYBWFGBSVNCBANCIVB8395COFSMYSNPB8550NRIMFBIZWTBACARE7384OMASPBWB6-month return →1-month return →
Up and to the right = strong over both horizons. Bridgewater Bancshares is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%0.50×10×1.50×20×SFSTUNTYBWFGBSVNCBANCIVB8395COFSMYSNPBBSRROBT8550NRIMFBIZWTBAMORROWCARE7384OMASPBWBReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Bridgewater Bancshares is the large dot.

Capital: ROE delivered against the ROE the price implies

5%10%15%5%10%15%SFSTUNTYBWFGBSVNCBANCIVB8395COFSMYSNPBBSRROBT8550NRIMFBIZWTBAMORROWCARE7384OMASPBWBROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Bridgewater Bancshares is the large dot.

Bridgewater Bancshares competitors and peer comparison

How Bridgewater Bancshares compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Bridgewater Bancshares against its 20 peers (data as of 6 Nov 2026)
MeasureBWBPeer medianRank in peer set
1-month return-0.5%+2.8%7th lowest of 21
6-month return+9.5%+10.8%10th lowest of 21
Return on equity11.5%12.5%10th lowest of 21
Price / book1.19×1.21×10th cheapest of 21
Trailing P/E10.4×10.8×9th cheapest of 21
ROE the price implies9.0%9.2%11th least demanding of 21
ROE delivered11.5%12.5%10th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Bridgewater Bancshares BWBUnited States$568M+10%+10%12%1.19×9.0%11.5%
Southern First Bancshares SFSTUnited States$563M+5%+9%11%1.22×9.7%10.5%
Unity Bancorp UNTYUnited States$575M+7%+10%17%1.48×10.4%17.1%
Bankwell Financial BWFGUnited States$559M+34%+10%14%1.67×10.9%14.3%
Bank7 BSVNUnited States$556M+33%-1%16%2.03×14.5%16.0%
Colony Bankcorp CBANUnited States$555M+2%+21%11%1.10×8.1%10.8%
Civista Bancshares CIVBUnited States$587M+13%+5%11%1.06×8.4%10.9%
Bank of Saga 8395.TJapan$589M+10%+16%8%0.72×5.2%8.2%
ChoiceOne Financial Services COFSUnited States$547M+17%+19%12%1.17×8.8%11.9%
Mystate MYS.AXAustralia$591M+12%+27%8%1.12×10.2%7.5%
Northpointe Bancshares NPBUnited States$545M-11%+14%13%0.87×5.9%13.1%
Sierra Bancorp BSRRUnited States$537M+9%-1%14%1.48×11.4%14.0%
Orange County Bancorp OBTUnited States$530M+14%+3%17%1.71×9.6%17.2%
Tochigi Bank 8550.TJapan$527M-17%+26%5%0.50×5.9%5.4%
Northrim BanCorp NRIMUnited States$523M-5%+3%17%1.47×12.6%16.6%
First Business Financial Services FBIZUnited States$618M+31%+4%15%1.58×11.2%14.9%
West Bancorporation WTBAUnited States$520M+27%0%15%1.92×13.1%15.5%
Morrow Bank MORROW.STSweden$518M+30%+4%11%1.57×5.7%11.4%
Carter Bankshares CAREUnited States$634M+9%+40%28%1.20×8.8%27.5%
Procrea Holdings,Inc 7384.TJapan$638M-2%+25%2%0.59×4.1%2.4%
Oma Savings Bank OMASP.HEFinland$643M+47%-20%7%0.92×5.0%6.6%

Questions

Which companies are Bridgewater Bancshares's closest peers?
The cockpit's peer set: Southern First Bancshares (SFST), Unity Bancorp (UNTY), Bankwell Financial (BWFG), Bank7 (BSVN), Colony Bankcorp (CBAN), Civista Bancshares (CIVB), Bank of Saga (8395.T), ChoiceOne Financial Services (COFS).
Is Bridgewater Bancshares expensive compared with its peers?
On price / book it trades at 1.19× against a peer median of 1.21×, 10th cheapest of 21 in its peer set. The share price implies a return on equity of about 9.0%; Bridgewater Bancshares delivers 11.5%, so the price asks less than the business earns today.
How has Bridgewater Bancshares stock performed?
Over six months to 6 Nov 2026 the shares returned +9.5% against +10.8% for the median peer; over one year +20.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.