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
Website
CEO
Jerry Baack
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
BWB stock data
Analyst ratings and price targets
Latest filings (excl ownership)
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
22 Dec 22
10-Q
2022 Q3
Quarterly report
3 Nov 22
8-K
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
8 Aug 22
10-Q
2022 Q2
Quarterly report
4 Aug 22
8-K
Bridgewater Bancshares, Inc. Announces Second Quarter 2022 Net Income of $12.9 Million, $0.41 Diluted Earnings Per Common Share
28 Jul 22
Transcripts
Financial summary
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Net income | |||||
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| 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 | 39.30 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 36.19 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 3.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
46.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 88 |
| Opened positions | 11 |
| Closed positions | 12 |
| Increased positions | 28 |
| Reduced positions | 27 |
| 13F shares | Current |
|---|---|
| Total value | 3.83 bn |
| Total shares | 12.87 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Thrivent Financial For Lutherans | 2.10 mm | $34.51 mm |
| BLK Blackrock | 1.47 mm | $24.18 mm |
| FMR | 1.20 mm | $19.83 mm |
| Vanguard | 971.80 k | $16.01 mm |
| Next Century Growth Investors | 695.90 k | $11.46 mm |
| Punch & Associates Investment Management | 644.27 k | $10.61 mm |
| Dimensional Fund Advisors | 528.78 k | $8.71 mm |
| Renaissance Technologies | 439.45 k | $7.24 mm |
| Tradition Wealth Management | 407.56 k | $6.71 mm |
| Geode Capital Management | 367.54 k | $6.05 mm |
Recent insider trades
| 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 |
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Piper Sandler Downgrades Bridgewater Bancshares to Neutral, Lowers Price Target to $17
27 Jan 23