Bridgewater Bancshares (BWB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Bridgewater Bancshares

NasdaqCM•Financial Services•Banks - Regional

$21.85+0.31(0.01%)Market closed

Market Cap

$582.03M

P/E

10.3x

P/S

1.9x

P/B

1.1x

Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services in the United States. The company provides commercial loans, including loans secured by nonfarm, nonresidential properties, multifamily residential properties, and nonowner occupied single family residential properties; construction, land development, and commercial and industrial loans; commercial real estate loans, such as owner and nonowner occupied properties; single family residential construction, land development, finished lots and raw land, and commercial and multifamily construction loans, as well as paycheck protection program loans. It offers deposit products, including savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction accounts, as well as certificates of deposit. In addition, the company offers online, mobile, and direct banking services. The company was incorporated in 2005 and is headquartered in Saint Louis Park, Minnesota.

How this company scores

WeakMetricSide Score: 76/100

Grade capped at D — Interest coverage below 1× (0.5x) — earnings cannot cover interest. Strongest: Growth (22/25); weakest: Cash & Earnings Quality (16/25).

Profitability20/25

Growth22/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality16/25

Strengths

Strong marginsRising earningsLow leverageProfit converts from growth

Grade capped at D

Interest coverage below 1× (0.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.3x5y range 7.4x – 11.6x

Currently near its 20-quarter median.

P/S · 1.9x5y range 1.5x – 3.1x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.8x – 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.8x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $582.03M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $306.66M
Q. Revenue: $74.98M
TTM EBITDA: $76.05M
TTM Op. Income: $73.53M
Q. Op. Income: $18.45M
TTM Net Income: $56.35M
Q. Net Income: $14.01M
EPS: $0.47
Shares Out.: $27.86M

$306.66M in TTM revenue grew 13.2% YoY, reaching $74.98M last quarter. TTM EBITDA of $76.05M and TTM operating income of $73.53M show growth is flowing through to the bottom line. TTM net income of $56.35M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 54.5%
EBITDA Margin: 25.5%
Op. Margin: 24.6%
Net Margin: 18.7%

Op. margin of 24.6% is up 3.8% YoY — cost efficiency is improving. Net margin at 18.7% and gross margin of 54.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 18% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.3x
P/S Ratio: 1.9x
P/B Ratio: 1.1x

At 10.3x P/E, the stock trades below typical market levels. P/S of 1.9x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 10% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.39B
Cash: $169.81M
Long-Term Debt: $108.88M
Book Value: $547.91M
D/E Ratio: 0.2
Debt/EBITDA: 5.7

With $5.39B in assets and $108.88M in long-term debt, D/E is 0.2and book value is $547.91M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $9.96M
TTM Free Cash Flow: $35.69M
FCF Margin: 11.6%
FCF / Net Income: 0.6

TTM FCF of $35.69M on $9.96M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.