Bridgewater Bancshares (BWB)

Company Profile

Bridgewater Bancshares, Inc. is a financial holding company headquartered in St. Louis Park, Minnesota. The Company has two wholly owned subsidiaries, Bridgewater Bank, a Minnesota-chartered commercial bank founded in November 2005, and Bridgewater Risk Management, Inc., a captive insurance company founded in December 2016. Bridgewater Bank has seven locations serving clients across the Minneapolis-St. Paul metropolitan statistical area in Minnesota and offers a full array of simple, quality loan and deposit products, primarily for commercial clients. As of June 30, 2020, theCompany had total assets of approximately $2.75 billion, total loans of approximately $2.19 billion, total deposits of approximately $2.24 billion and total shareholders' equity of approximately $257.2 million.

Company profile

Ticker

BWB, BWBBP

Exchange

NASDAQ

Website

www.bridgewaterbankmn.com

CEO

Jerry Baack

Incorporated

Minnesota

Location

Minnesota

Fiscal year end

Dec 31

Sector

Finance and Insurance > Savings Institutions

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • SVB Financial • First Citizens Bancshares, Inc • Commerce Bancshares ...

SEC CIK

0001341317

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

BWB stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

8-K

Bridgewater Bancshares, Inc. Announces Fourth Quarter 2022 Net Income of $13.7 Million, $0.45 Diluted Earnings Per Common Share

25 Jan 23

8-K

Changes in Registrant's Certifying Accountant

3 Nov 22

Regulation FD Disclosure

1 Nov 22

8-K

Bridgewater Bancshares, Inc. Announces Record Third Quarter 2022 Net Income of $14.5 Million, $0.47 Diluted Earnings Per Common Share

27 Oct 22

8-K

Entry into a Material Definitive Agreement

1 Sep 22

8-K

Bridgewater Bancshares, Inc. Announces New Stock Repurchase Program

18 Aug 22

8-K

Regulation FD Disclosure

4 Aug 22

Bridgewater Bancshares, Inc. Announces Second Quarter 2022 Net Income of $12.9 Million, $0.41 Diluted Earnings Per Common Share

28 Jul 22

Transcripts

BWB

Earnings call transcript

2022 Q4

26 Jan 23

Latest ownership filings

View all

Financial summary

Financial statements Chart BWB financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	75.50 mm	75.50 mm	75.50 mm	75.50 mm	75.50 mm	75.50 mm
Cash burn (monthly)	(no burn)	9.50 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	37.06 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	38.44 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	4.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

BWB institutional ownership history Ownership history

46.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	88	89	-1.1%
Opened positions	11	4	+175.0%
Closed positions	12	12	–
Increased positions	28	23	+21.7%
Reduced positions	27	36	-25.0%

13F shares	Current	Prev Q	Change
Total value	3.83 bn	298.73 mm	+1180.8%
Total shares	12.87 mm	13.37 mm	-3.7%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Thrivent Financial For Lutherans	2.10 mm	$34.51 mm	+3.1%
BLK Blackrock	1.47 mm	$24.18 mm	-2.2%
FMR	1.20 mm	$19.83 mm	+9.8%
Vanguard	971.80 k	$16.01 mm	+2.4%
Next Century Growth Investors	695.90 k	$11.46 mm	+0.4%
Punch & Associates Investment Management	644.27 k	$10.61 mm	-3.0%
Dimensional Fund Advisors	528.78 k	$8.71 mm	+11.9%
Renaissance Technologies	439.45 k	$7.24 mm	-12.6%
Tradition Wealth Management	407.56 k	$6.71 mm	0.0%
Geode Capital Management	367.54 k	$6.05 mm	-3.8%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-417.64 k	EXIT
Alliancebernstein	0.00	-370.75 k	EXIT
John W. Rosenthal Capital Management	219.66 k	+219.66 k	NEW
FMR	1.20 mm	+106.95 k	+9.8%
AE Wealth Management	66.42 k	+66.42 k	NEW
Thrivent Financial For Lutherans	2.10 mm	+63.61 k	+3.1%
Renaissance Technologies	439.45 k	-63.50 k	-12.6%
Banc Funds	139.71 k	-57.94 k	-29.3%
Dimensional Fund Advisors	528.78 k	+56.35 k	+11.9%
Maltese Capital Management	181.47 k	-34.50 k	-16.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BWB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 Jan 23	Baack Jerry J.	Common Stock	Sell	Dispose S	No	Yes	17.0964	4,166	71.22 k	1,199,646
30 Dec 22	Johnson James S.	Common Stock	Grant	Acquire A	No	No	0	578	0.00	59,194
30 Dec 22	Parish Douglas J.	Common Stock	Grant	Acquire A	No	No	0	578	0.00	1,171
30 Dec 22	Juran David B.	Common Stock	Grant	Acquire A	No	No	0	578	0.00	1,288,976
30 Dec 22	Todd B. Urness	Common Stock	Grant	Acquire A	No	No	0	578	0.00	1,115,990

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Bridgewater Bancshares Q4 EPS $0.45 Misses $0.47 Estimate, Sales $34.60M Miss $36.30M Estimate

25 Jan 23

Bridgewater Bancshares (NASDAQ:BWB) reported quarterly earnings of $0.45 per share which missed the analyst consensus estimate of $0.47 by 4.26 percent. This is a 15.38 percent increase over earnings of $0.39 per share

Earnings Scheduled For January 25, 2023

25 Jan 23

Companies Reporting Before The Bell • ASML Holding (NASDAQ:ASML) is expected to report quarterly earnings at $4.45 per share on revenue of $6.50 billion.

Bridgewater Bancshares's Earnings: A Preview

24 Jan 23

Press releases

From Benzinga Pro

Bridgewater Bancshares, Inc. Announces Fourth Quarter 2022 Net Income of $13.7 Million, $0.45 Diluted Earnings Per Common Share

25 Jan 23

Bridgewater Bancshares, Inc. (NASDAQ:BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $13.7 million for the fourth quarter of 2022, a 5.4% decrease from net income of

Bridgewater Bancshares, Inc. to Announce Fourth Quarter 2022 Financial Results and Host Earnings Conference Call

10 Jan 23

Bridgewater Bancshares, Inc. (NASDAQ:BWB), the parent company of Bridgewater Bank, today announced that it will release its fourth quarter 2022 financial results after the market closes on Wednesday, January 25, 2023.