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Bridgewater Bancshares

Nasdaq:BWB
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BWB
Nasdaq
$247M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high-net-worth individuals in the United States. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Bridgewater Bancshares has significant price volatility in the past 3 months.
BWB Share Price and Events
7 Day Returns
-5.9%
NasdaqCM:BWB
-12.6%
US Mortgage
-2%
US Market
1 Year Returns
-17.8%
NasdaqCM:BWB
-35.8%
US Mortgage
-15.1%
US Market
BWB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bridgewater Bancshares (BWB) -5.9% -30% -36.6% -17.8% - -
US Mortgage -12.6% -37% -41.1% -35.8% -32.8% -20.3%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • BWB outperformed the Mortgage industry which returned -35.8% over the past year.
  • BWB underperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
BWB
Industry
5yr Volatility vs Market

Value

 Is Bridgewater Bancshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bridgewater Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bridgewater Bancshares.

NasdaqCM:BWB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $10.00 * 10.7%
$1.07
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $10.00
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:BWB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.613 (1 + (1- 21%) (70.82%))
0.97
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.97 * 5.44%)
7.02%

Discounted Cash Flow Calculation for NasdaqCM:BWB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bridgewater Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:BWB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.7% – 7.02%) * $10.00)
$0.36
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.36 / (7.02% - 1.74%)
$6.91
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $10.00 + $6.91
$16.92
NasdaqCM:BWB Discount to Share Price
Calculation Result
Value per share (USD) From above. $16.92
Current discount Discount to share price of $8.53
= -1 x ($8.53 - $16.92) / $16.92
49.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bridgewater Bancshares is available for.
Intrinsic value
50%
Share price is $8.53 vs Future cash flow value of $16.92
Current Discount Checks
For Bridgewater Bancshares to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bridgewater Bancshares's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bridgewater Bancshares's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bridgewater Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bridgewater Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:BWB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.07
NasdaqCM:BWB Share Price ** NasdaqCM (2020-04-03) in USD $8.53
United States of America Mortgage Industry PE Ratio Median Figure of 120 Publicly-Listed Mortgage Companies 10.04x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bridgewater Bancshares.

NasdaqCM:BWB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:BWB Share Price ÷ EPS (both in USD)

= 8.53 ÷ 1.07

7.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridgewater Bancshares is good value based on earnings compared to the US Mortgage industry average.
  • Bridgewater Bancshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bridgewater Bancshares's expected growth come at a high price?
Raw Data
NasdaqCM:BWB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
0.6%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies 0x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

NasdaqCM:BWB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.97x ÷ 0.6%

12.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridgewater Bancshares is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bridgewater Bancshares's assets?
Raw Data
NasdaqCM:BWB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.45
NasdaqCM:BWB Share Price * NasdaqCM (2020-04-03) in USD $8.53
United States of America Mortgage Industry PB Ratio Median Figure of 132 Publicly-Listed Mortgage Companies 0.76x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
NasdaqCM:BWB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:BWB Share Price ÷ Book Value per Share (both in USD)

= 8.53 ÷ 8.45

1.01x

* Primary Listing of Bridgewater Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridgewater Bancshares is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Bridgewater Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Bridgewater Bancshares has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bridgewater Bancshares expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bridgewater Bancshares expected to grow at an attractive rate?
  • Bridgewater Bancshares's earnings growth is positive but not above the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Bridgewater Bancshares's earnings growth is positive but not above the United States of America market average.
  • Bridgewater Bancshares's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:BWB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:BWB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 0.6%
NasdaqCM:BWB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 12.1%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 2%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:BWB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:BWB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 92 31 3
2020-12-31 84 29 3
2020-04-04
NasdaqCM:BWB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 72 40 31
2019-09-30 67 39 31
2019-06-30 65 37 29
2019-03-31 63 35 28
2018-12-31 60 29 27
2018-09-30 59 28 22
2018-06-30 56 25 21
2018-03-31 53 21 19
2017-12-31 51 25 17
2017-09-30 49 21 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bridgewater Bancshares's earnings are expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
  • Bridgewater Bancshares's revenue is expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:BWB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Bridgewater Bancshares Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:BWB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.06 1.30 0.84 3.00
2020-12-31 0.99 1.15 0.81 3.00
2020-04-04
NasdaqCM:BWB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.07
2019-09-30 1.03
2019-06-30 0.98
2019-03-31 0.93
2018-12-31 0.93
2018-09-30 0.81
2018-06-30 0.79
2018-03-31 0.75
2017-12-31 0.69
2017-09-30 0.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bridgewater Bancshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bridgewater Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bridgewater Bancshares has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bridgewater Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bridgewater Bancshares's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Bridgewater Bancshares's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Bridgewater Bancshares's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Bridgewater Bancshares's earnings growth has exceeded the US Mortgage industry average in the past year (16.7% vs 10.9%).
Earnings and Revenue History
Bridgewater Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bridgewater Bancshares Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:BWB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 72.03 31.40 26.67
2019-09-30 66.94 30.59 25.35
2019-06-30 64.65 29.25 24.19
2019-03-31 62.85 27.99 23.06
2018-12-31 60.41 26.92 22.31
2018-09-30 58.51 22.49 21.13
2018-06-30 56.20 20.71 19.74
2018-03-31 53.45 18.76 18.43
2017-12-31 50.62 16.89 17.23
2017-09-30 49.08 16.94 15.94
2016-12-31 41.44 13.22 14.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bridgewater Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bridgewater Bancshares used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Bridgewater Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bridgewater Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bridgewater Bancshares has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bridgewater Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bridgewater Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bridgewater Bancshares Company Filings, last reported 3 months ago.

NasdaqCM:BWB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 244.79 174.85 34.87
2019-09-30 236.06 179.71 92.27
2019-06-30 229.14 181.18 69.09
2019-03-31 231.78 163.16 51.70
2018-12-31 221.00 181.63 32.10
2018-09-30 210.85 187.10 24.84
2018-06-30 205.93 124.58 25.72
2018-03-31 199.04 123.05 23.93
2017-12-31 137.16 132.53 27.14
2017-09-30 133.68 121.00 27.74
2016-12-31 115.37 116.00 21.42
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bridgewater Bancshares has an acceptable proportion of non-loan assets held.
  • Bridgewater Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bridgewater Bancshares are broadly funded by customer deposits.
  • Bridgewater Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Bridgewater Bancshares has a sufficient allowance for bad loans.
  • Bridgewater Bancshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bridgewater Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bridgewater Bancshares has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bridgewater Bancshares's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bridgewater Bancshares dividends.
If you bought $2,000 of Bridgewater Bancshares shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bridgewater Bancshares's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bridgewater Bancshares's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:BWB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:BWB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-04

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bridgewater Bancshares has not reported any payouts.
  • Unable to verify if Bridgewater Bancshares's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bridgewater Bancshares's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bridgewater Bancshares has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bridgewater Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bridgewater Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bridgewater Bancshares has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bridgewater Bancshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jerry Baack
COMPENSATION $1,662,312
AGE 52
TENURE AS CEO 15.3 years
CEO Bio

Mr. Gerald John Baack, also known as Jerry, Co-Founded Bridgewater Bancshares, Inc. and Bridgewater Bank (“Bank”) and has been its Chairman of the Board, Chief Executive Officer and President since 2005. Mr. Baack was responsible for all aspects of the Bank’s formation; including, the initial capital raise, business plan, board and management team structure and recruitment, charter and regulatory approval. As the chief visionary and strategist, Mr. Baack plays a vital role in business development and is instrumental in defining strategic initiatives and ascertaining new opportunities for growth. Mr. Baack drives all decisions regarding mergers and acquisitions, capital management and diversification. Prior to establishing Bank, Mr. Baack held positions at Commerce Bank, First State Bank of Excelsior and Hampton Bank, all located in the State of Minnesota. He began his career as a Bank Examiner with the FDIC in 1990, where he worked for over seven years. He has over 25 years of commercial banking and regulatory experience. As a result of the Bank’s continued success, Mr. Baack was awarded Banker of the Year by NorthWestern Financial Review (nka BankBeat) in 2017. Additionally, Mr. Baack was recognized as a nominee for the 2017 Entrepreneur of the Year award by Ernst & Young. Mr. Baack received his B.S. from Minnesota State University in 1989 and is an alumnus of the Graduate School of Banking at University of Colorado, Boulder in 2001.

CEO Compensation
  • Jerry's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jerry's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Bridgewater Bancshares management team in years:

6.3
Average Tenure
52
Average Age
  • The average tenure for the Bridgewater Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jerry Baack

TITLE
Founder
COMPENSATION
$2M
AGE
52
TENURE
15.3 yrs

Jeff Shellberg

TITLE
Co-Founder
COMPENSATION
$868K
AGE
57

Mary Crocker

TITLE
Executive VP & COO
COMPENSATION
$927K
AGE
57
TENURE
6.3 yrs

Joe Chybowski

TITLE
Chief Financial Officer
AGE
32
TENURE
3.3 yrs

Mark Hokanson

TITLE
Chief Technology Officer
AGE
44

Dan Poppe

TITLE
Senior VP & Senior Loan Officer
AGE
71

Lisa Salazar

TITLE
Chief Deposit Officer
AGE
46

Tony Ferraro

TITLE
Senior Vice President of Commercial Lending

Erik Schwegler

TITLE
Senior Vice President of Commercial Real Estate
Board of Directors Tenure

Average tenure and age of the Bridgewater Bancshares board of directors in years:

15.3
Average Tenure
52.5
Average Age
  • The average tenure for the Bridgewater Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jerry Baack

TITLE
Founder
COMPENSATION
$2M
AGE
52
TENURE
15.3 yrs

Jeff Shellberg

TITLE
Co-Founder
COMPENSATION
$868K
AGE
57
TENURE
15.3 yrs

David Juran

TITLE
Independent Director
COMPENSATION
$80K
AGE
51
TENURE
10.3 yrs

Todd Urness

TITLE
Independent Director
COMPENSATION
$80K
AGE
62
TENURE
15.3 yrs

Doug Parish

TITLE
Independent Director
COMPENSATION
$80K
AGE
52
TENURE
1.8 yrs

David Volk

TITLE
Independent Director
COMPENSATION
$92K
TENURE
2.6 yrs

Jim Johnson

TITLE
Independent Director
COMPENSATION
$80K
AGE
56
TENURE
15.3 yrs

Tom Trutna

TITLE
Independent Director
COMPENSATION
$80K
AGE
53
TENURE
15.3 yrs

Lisa Brezonik

TITLE
Independent Director
COMPENSATION
$7K
AGE
49
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bridgewater Bancshares individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Mar 20 Buy Todd Urness Individual 16. Mar 20 16. Mar 20 5,330 $9.73 $51,882
17. Mar 20 Buy Gerald Baack Individual 16. Mar 20 16. Mar 20 5,000 $9.87 $49,340
11. Mar 20 Buy Gerald Baack Individual 10. Mar 20 10. Mar 20 40,000 $10.99 $439,608
21. Feb 20 Sell James Johnson Individual 20. Feb 20 20. Feb 20 -7,500 $13.45 $-100,886
31. Jan 20 Buy Lisa Brezonik Individual 31. Jan 20 31. Jan 20 750 $13.16 $9,870
19. Nov 19 Sell Mary Crocker Individual 18. Nov 19 19. Nov 19 -15,000 $12.60 $-188,887
05. Aug 19 Buy Douglas Parish Individual 01. Aug 19 01. Aug 19 500 $11.94 $5,968
01. May 19 Buy Douglas Parish Individual 30. Apr 19 30. Apr 19 500 $10.53 $5,264
X
Management checks
We assess Bridgewater Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bridgewater Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Many Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Did Insiders Buy, In The Last Year?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Bridgewater Bancshares Bridgewater Bancshares Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Director Douglas Parish for US$99k worth of shares, at about US$12.39 per share. … NasdaqCM:BWB Recent Insider Trading, August 14th 2019 Are Bridgewater Bancshares Insiders Buying Or Selling? … Insiders own 18% of Bridgewater Bancshares shares, worth about US$58m.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Bridgewater Bancshares, Inc. (NASDAQ:BWB)

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Bridgewater Bancshares: P/E of 12.55 = $11.67 ÷ $0.93 (Based on the year to March 2019.) Is A High P/E Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each $1 of company earnings. … Bridgewater Bancshares increased earnings per share by an impressive 23% over the last twelve months.

Simply Wall St -

If You Had Bought Bridgewater Bancshares (NASDAQ:BWB) Stock A Year Ago, You'd Be Sitting On A 14% Loss, Today

Check out our latest analysis for Bridgewater Bancshares To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … During the unfortunate twelve months during which the Bridgewater Bancshares share price fell, it actually saw its earnings per share (EPS) improve by 23%. … So we recommend checking out this free report showing consensus forecasts A Different Perspective While Bridgewater Bancshares shareholders are down 14% for the year, the market itself is up 1.4%.

Simply Wall St -

Could The Bridgewater Bancshares, Inc. (NASDAQ:BWB) Ownership Structure Tell Us Something Useful?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Bridgewater Bancshares is a smaller company with a market capitalization of US$312m, so it may still be flying under the radar of many institutional investors. … institutions own shares in the company

Simply Wall St -

Does Bridgewater Bancshares, Inc.'s (NASDAQ:BWB) P/E Ratio Signal A Buying Opportunity?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Bridgewater Bancshares has a P/E ratio of 12.21, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

How Much Are Bridgewater Bancshares, Inc. (NASDAQ:BWB) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Bridgewater Bancshares, Inc. … Bridgewater Bancshares Insider Transactions Over The Last Year. … All up, insiders sold more shares in Bridgewater Bancshares than they bought, over the last year.

Simply Wall St -

Is Bridgewater Bancshares Inc (NASDAQ:BWB) Expensive For A Reason? A Look At The Intrinsic Value

Pricing BWB, a financial stock, can be difficult since these banks have cash flows that are affected by regulations that are not imposed upon other sectors. … These lenders, for example, must hold certain levels of capital in order to maintain a safe cash cushion.

Simply Wall St -

Is Bridgewater Bancshares Inc (NASDAQ:BWB) On The Right Side Of Disruption?

operates in the mortgage and thrifts industry, … Generally, the biggest key driver for mortgage companies is the economic condition, determining the rate of interest and inflation … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

Should You Expect Bridgewater Bancshares Inc (NASDAQ:BWB) To Continue Delivering An ROE Of 10.06%?

and want to begin learning the link between company’s fundamentals and stock market performance. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … Peeling the layers of ROE – trisecting a company’s profitability

Simply Wall St -

Is Bridgewater Bancshares Inc (NASDAQ:BWB) Attractive At Its Current PE Ratio?

I am writing today to help inform people who are new to the stock market. … Bridgewater Bancshares Inc (NASDAQ:BWB) is trading with a trailing P/E of 16.9x, which is lower than the industry average of 22.1x. … While BWB might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Company Info

Description

Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit. The company also provides commercial loans to sole proprietorships, partnerships, corporations, and other business enterprises to finance accounts receivable or inventory, capital assets, or other business related purposes; construction and land development loans; 1-4 family mortgage loans; multifamily lending products; owner and non-owner occupied commercial real estate loans; and consumer and other loans. It has seven full-service offices located in Bloomington, Greenwood, Minneapolis, St. Louis Park, Orono, and St. Paul, Minnesota. The company was founded in 2005 and is headquartered in Bloomington, Minnesota.

Details
Name: Bridgewater Bancshares, Inc.
BWB
Exchange: NasdaqCM
Founded: 2005
$246,903,613
28,945,324
Website: http://www.bridgewaterbankmn.com
Address: Bridgewater Bancshares, Inc.
3800 American Boulevard West,
Suite 100,
Bloomington,
Minnesota, 55431,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM BWB Voting Common Stock Nasdaq Capital Market US USD 14. Mar 2018
DB 1WA Voting Common Stock Deutsche Boerse AG DE EUR 14. Mar 2018
Number of employees
Current staff
Staff numbers
160
Bridgewater Bancshares employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 04:56
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.