BWB
Bridgewater Bancshares, Inc.
NasdaqCMUSDEQUITY
Financial Services
DELAYED
Neutral
+16/100
Last price
20.37
▼ 0.06 (0.29%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
20.52
Prev close
20.43
Day high
20.60
Day low
20.34
Volume
85.73K
Market cap
$567.99M
P/E (TTM)
11.07
52W range
16.06 – 22.62
Day trading desk
Gap from prior close
+0.44%
Prior close 20.43
VWAP
20.41
-0.17% from price
Relative volume
0.47×
Quiet session
Session range
1.28%
20.34 – 20.60
Position in range
12%
Near session low
ATR (14D)
0.52
2.54% of price
Prior day high
20.99
PDH
Prior day low
20.34
PDL
Bid / ask spread
—
Quote not published
Session volume
67.51K
Avg 143.60K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+0.59%
-1.4%
1M
-6.77%
-7.9%
3M
-3.37%
-7.9%
6M
+11.19%
-7.0%
YTD
+16.20%
+2.0%
1Y
+18.16%
+1.7%
3Y
+114.87%
+32.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on BWB open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-275.52K
Net selling
Buy transactions
25
106.58K shares
Sell transactions
21
382.10K shares
Net transactions
+46
Buys less sells
Sell : buy shares
3.6 : 1
Mixed
Insider-held shares
5.51M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 30, 26 | CROCKER MARY JAYNE Director |
STOCK | 484 | $0 | Direct |
| Sep 30, 26 | VOLK DAVID J. Director |
STOCK | 969 | $0 | Direct |
| Sep 30, 26 | JOHNSON JAMES S Director |
STOCK | 969 | $0 | Direct |
| Sep 30, 26 | TRUTNA THOMAS P Director |
STOCK | 484 | $0 | Direct |
| Sep 30, 26 | PARISH DOUGLAS J Director |
STOCK | 484 | $0 | Direct |
| Sep 30, 26 | URNESS TODD B Director |
STOCK | 969 | $0 | Direct |
| Sep 30, 26 | JURAN DAVID B Director |
STOCK | 969 | $0 | Direct |
| Sep 30, 26 | BREZONIK LISA M. Director |
STOCK | 969 | $0 | Direct |
| Sep 30, 26 | LAWAL MOHAMMED Director |
STOCK | 969 | $0 | Direct |
| Sep 15, 26 | STEJSKAL JESSICA ANNE Officer |
SELL | 400 | $8.50K | Direct |
| Sep 9, 26 | PARISH DOUGLAS J Director |
SELL | 4.00K | $85.54K | Indirect |
| Sep 2, 26 | JURAN DAVID B Director |
SELL | 623 | $13.39K | Indirect |
| Aug 31, 26 | SHELLBERG JEFFREY D Director |
CONVERSION | 22.35K | $362.50K | Direct |
| Aug 28, 26 | JURAN DAVID B Director |
SELL | 518 | $11.14K | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BAACK JERRY J |
Chief Executive Officer | 1.13M | Sale |
BREZONIK LISA M. |
Director | 38.15K | Stock Award(Grant) |
CHYBOWSKI JOSEPH M |
President | 119.50K | Sale |
CROCKER MARY JAYNE |
Director | 224.87K | Stock Award(Grant) |
JOHNSON JAMES S |
Director | 244.84K | Stock Award(Grant) |
JURAN DAVID B |
Director | 1.55M | Stock Award(Grant) |
PLACE NICHOLAS L |
Officer | 159.62K | Conversion of Exercise of derivative security |
SHELLBERG JEFFREY D |
Director | 538.33K | Conversion of Exercise of derivative security |
TRUTNA THOMAS P |
Director | 84.17K | Stock Award(Grant) |
URNESS TODD B |
Director | 1.18M | Stock Award(Grant) |
Fundamentals
Market cap$567.99M
Enterprise value$882.77M
Revenue (TTM)$157.79M
Gross profit$157.79M
EBITDA—
Net income$52.29M
EPS (TTM)$1.84
Free cash flow—
Total cash$195.51M
Total debt$443.78M
Book value / share$17.27
Shares outstanding27.88M
Float22.50M
Short % of float3.30%
Dividend yield0.00%
Beta (5Y)0.63
Valuation & profitability ratios
Trailing P/E11.07
Forward P/E9.73
PEG ratio0.73
Price / sales—
Price / book1.18
EV / revenue5.60
EV / EBITDA—
Gross margin0.00%
Operating margin47.76%
Profit margin35.71%
Return on equity11.00%
Return on assets1.05%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $141.98M | $107.74M | $109.77M | $135.34M | +31.8% |
| Operating revenue | $141.98M | $107.74M | $109.77M | $135.34M | +31.8% |
| Selling, general & admin | $52.28M | $44.01M | $41.36M | $40.34M | +18.8% |
| Pre-tax income | $60.03M | $42.74M | $52.52M | $71.71M | +40.5% |
| Tax provision | $13.94M | $9.91M | $12.56M | $18.32M | +40.7% |
| Net income | $46.09M | $32.83M | $39.96M | $53.39M | +40.4% |
| Net income to common | $42.03M | $28.77M | $35.91M | $49.34M | +46.1% |
| Basic EPS | 1.53 | 1.05 | 1.29 | 1.78 | +45.7% |
| Diluted EPS | 1.49 | 1.03 | 1.27 | 1.72 | +44.7% |
| Basic shares | 27.47M | 27.40M | 27.83M | 27.76M | +0.3% |
| Diluted shares | 28.21M | 27.93M | 28.27M | 28.67M | +1.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $123.51M | $234.14M | $128.56M | $88.22M | -47.2% |
| Accounts receivable | $18.93M | $17.71M | $16.70M | $13.48M | +6.9% |
| Property, plant & equipment | $51.58M | $49.53M | $48.89M | $48.45M | +4.1% |
| Goodwill & intangibles | $18.91M | $19.83M | $2.81M | $2.91M | -4.6% |
| Total assets | $5.41B | $5.07B | $4.61B | $4.35B | +6.7% |
| Long-term debt | $508.18M | $452.92M | $412.54M | $189.66M | +12.2% |
| Total debt | $508.18M | $452.92M | $412.54M | $189.66M | +12.2% |
| Total liabilities | $4.89B | $4.61B | $4.19B | $3.95B | +6.1% |
| Retained earnings | $351.45M | $309.42M | $280.65M | $248.69M | +13.6% |
| Shareholder equity | $517.10M | $457.94M | $425.51M | $394.06M | +12.9% |
| Net tangible assets | $498.18M | $438.10M | $422.70M | $391.15M | +13.7% |
| Shares issued | 27.76M | 27.55M | 27.75M | 27.75M | +0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $46.09M | $32.83M | $39.96M | $53.39M | +40.4% |
| Depreciation & amortisation | $3.95M | $3.00M | $3.14M | $3.25M | +31.3% |
| Stock-based compensation | $4.20M | $3.90M | $3.95M | $3.34M | +7.5% |
| Change in working capital | -$23.24M | $5.84M | -$17.00M | $17.26M | -497.9% |
| Operating cash flow | $27.81M | $46.38M | $30.02M | $85.00M | -40.0% |
| Capital expenditure | -$5.85M | -$4.08M | -$2.97M | -$1.63M | -43.3% |
| Investing cash flow | -$417.47M | -$95.24M | -$209.18M | -$938.24M | -338.3% |
| Share buybacks | -$2.94M | -$5.90M | -$5.13M | -$11.51M | +50.2% |
| Dividends paid | -$4.05M | -$4.05M | -$4.05M | -$4.05M | 0.0% |
| Financing cash flow | $283.40M | $150.06M | $220.69M | $796.81M | +88.9% |
| Free cash flow | $21.96M | $42.30M | $27.05M | $83.37M | -48.1% |
| End cash position | $123.51M | $229.76M | $128.56M | $87.04M | -46.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $40.68M | $46.04M | $38.60M | $35.84M | $35.71M | -11.6% |
| Operating revenue | $40.68M | $46.04M | $38.60M | $35.84M | $35.71M | -11.6% |
| Selling, general & admin | $15.12M | $15.05M | $13.92M | $13.66M | $12.55M | +0.4% |
| Pre-tax income | $18.45M | $22.84M | $17.15M | $15.10M | $15.14M | -19.2% |
| Tax provision | $4.44M | $5.43M | $3.81M | $3.50M | $3.62M | -18.3% |
| Net income | $14.01M | $17.41M | $13.33M | $11.60M | $11.52M | -19.5% |
| Net income to common | $12.99M | $16.39M | $12.32M | $10.59M | $10.51M | -20.7% |
| Basic EPS | 0.47 | 0.59 | 0.45 | 0.38 | 0.38 | -20.3% |
| Diluted EPS | 0.45 | 0.58 | 0.43 | 0.38 | 0.38 | -22.4% |
| Basic shares | 27.86M | 27.80M | 27.64M | 27.50M | 27.46M | +0.2% |
| Diluted shares | 28.59M | 28.49M | 28.35M | 28.19M | 28.00M | +0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $169.81M | $222.15M | $123.51M | $135.48M | $221.39M | — | -23.6% |
| Accounts receivable | $16.95M | $15.84M | $18.93M | $19.24M | $17.71M | — | +7.0% |
| Property, plant & equipment | $52.73M | $52.78M | $51.58M | $50.95M | $49.98M | — | -0.1% |
| Goodwill & intangibles | $18.46M | $18.68M | $18.91M | $19.14M | $19.37M | — | -1.2% |
| Total assets | $5.39B | $5.34B | $5.41B | $5.36B | $5.30B | — | +1.0% |
| Current debt | $292.00M | — | — | $320.50M | $334.25M | $263.00M | — |
| Long-term debt | $142.88M | $444.78M | $508.18M | $192.59M | $192.69M | — | -67.9% |
| Total debt | $434.88M | $444.78M | $508.18M | $513.09M | $526.94M | — | -2.2% |
| Total liabilities | $4.84B | $4.81B | $4.89B | $4.86B | $4.82B | — | +0.7% |
| Retained earnings | $380.84M | $367.85M | $351.45M | $339.13M | $328.55M | — | +3.5% |
| Shareholder equity | $547.91M | $528.42M | $517.10M | $497.46M | $476.28M | — | +3.7% |
| Net tangible assets | $529.45M | $509.74M | $498.18M | $478.32M | $456.91M | — | +3.9% |
| Shares issued | 27.88M | 27.83M | 27.76M | 27.58M | 27.47M | — | +0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $14.01M | $17.41M | $13.33M | $11.60M | $11.52M | -19.5% |
| Depreciation & amortisation | $1.06M | $984.00K | $957.00K | $994.00K | $571.00K | +7.7% |
| Stock-based compensation | $1.16M | $1.27M | $1.08M | $1.08M | $1.05M | -9.0% |
| Change in working capital | -$5.08M | $4.03M | -$7.48M | -$2.56M | -$8.62M | -226.0% |
| Operating cash flow | $9.96M | $15.99M | $6.98M | $10.14M | $3.57M | -37.7% |
| Capital expenditure | -$638.00K | -$1.83M | -$2.54M | -$1.60M | -$1.17M | +65.1% |
| Investing cash flow | -$92.13M | $162.01M | -$36.88M | -$137.79M | -$108.02M | -156.9% |
| Share buybacks | -$700.00K | -$318.00K | -$585.00K | -$33.00K | -$1.57M | -120.1% |
| Dividends paid | -$1.01M | -$1.01M | -$1.01M | -$1.01M | -$1.01M | -0.1% |
| Financing cash flow | $29.83M | -$79.36M | $21.59M | $41.97M | $155.74M | +137.6% |
| Free cash flow | $9.32M | $14.17M | $4.43M | $8.54M | $2.40M | -34.2% |
| End cash position | $169.81M | $222.15M | $123.51M | $131.82M | $217.50M | -23.6% |
Options analytics
Put / call volume
0.33
Call-heavy session
Put / call open interest
14.25
Positioning, not flow
Max pain
17.50
-14.1% from spot
ATM implied vol
151.2%
Nearest strike to spot
Skew (10% OTM)
+8.8%
Puts bid over calls
Call volume
3
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
17.50
4 contracts
Heaviest put OI
12.50
112 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.45 | 0.45 | -0.5% |
| Mar 2026 | 0.41 | 0.41 | -0.6% |
| Dec 2025 | 0.41 | 0.44 | +7.3% |
| Sep 2025 | 0.39 | 0.39 | -0.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.47 | 4 | $41.80M | +20.8% |
| Next quarter | 0.51 | 4 | $42.97M | +17.9% |
| Current year | 1.84 | 4 | $163.10M | +21.5% |
| Next year | 2.09 | 4 | $181.40M | +11.2% |
Analyst targets & ownership
Mean target$24.00
High target$25.00
Low target$23.00
Implied upside17.82%
Analyst count4
ConsensusSTRONG BUY
Strong buy / Buy1 / 3
Hold0
Sell / Strong sell0 / 0
Held by insiders19.77%
Held by institutions66.10%
Institutions holding204
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
20.49
-0.59% from price
SMA 20
20.79
-2.03% from price
SMA 50
21.16
-3.75% from price
SMA 100
20.64
-1.32% from price
SMA 200
19.50
+4.47% from price
EMA 12
20.58
-1.02% from price
EMA 26
20.82
-2.16% from price
EMA 50
20.90
-2.54% from price
RSI (14)
40.8
Neutral
MACD (12,26,9)
-0.24
Hist -0.02
ATR (14)
0.52
2.54% of price
Realised vol 30D
17.7%
Annualised
Bollinger upper
21.54
20, 2σ
Bollinger lower
20.05
20, 2σ
50 / 200 cross
Golden
21.16 vs 19.50
Trend bias
Above 200
+4.47%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.56
Less volatile than market
Correlation to SPY
0.29
Largely independent
Realised vol 30D
17.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-15.6%
Peak to trough
Max drawdown 5Y
-59.5%
Peak to trough
ATR 14
0.52
2.54% of price
Beta (reported)
0.63
5Y monthly, from filing
Short interest
Shares short
737.76K
Prior 681.13K
Change vs prior
+8.3%
Shorts adding
% of float
3.30%
Normal
% of shares out
2.65%
Against total outstanding
Days to cover
6.6
Crowded exit
Float
22.50M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 23, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Apr 22, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Jan 29, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Jan 29, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Jan 28, 26 | DA Davidson | MAINTAINED | Buy | Buy |
| Dec 10, 25 | Stephens & Co. | INITIATED | — | Equal-Weight |
| Oct 22, 25 | DA Davidson | MAINTAINED | Buy | Buy |
| Jul 28, 25 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Jul 25, 25 | DA Davidson | MAINTAINED | Buy | Buy |
| Jun 26, 25 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Apr 25, 25 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| Jan 31, 25 | Piper Sandler | MAINTAINED | Overweight | Overweight |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-26
Corporate Changes & Voting Matters
8-K · 2026-08-12
Periodic Financial Reports
10-Q · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-07-21
Corporate Changes & Voting Matters
8-K · 2026-05-04
Offering Registrations
S-8 · 2026-05-01
Periodic Financial Reports
10-Q · 2026-04-30
Corporate Changes & Voting Matters
8-K · 2026-04-21
Headlines
Bridgewater Bancshares, Inc. to Announce Third Quarter 2026 Financial Results and Host Earnings Conference Call
Business Wire · 11h ago
Is the Options Market Predicting a Spike in Bridgewater Bancshares Stock?
Zacks · 19d ago
Bridgewater Bancshares Insider Sold Shares Worth $553,501, According to a Recent SEC Filing
MT Newswires · 53d ago
Bridgewater Bancshares Insider Sold Shares Worth $850,284, According to a Recent SEC Filing
MT Newswires · 57d ago
Bridgewater Bancshares (BWB) Stock Fair Value Rises After Analysts Lift Earnings Outlook
Simply Wall St. · 58d ago
Bridgewater Bancshares Insider Sold Shares Worth $3,366,736, According to a Recent SEC Filing
MT Newswires · 62d ago
Bridgewater Bancshares Insider Sold Shares Worth $567,764, According to a Recent SEC Filing
MT Newswires · 69d ago
Bridgewater Bancshares Inc (BWB) Q2 2026 Earnings Call Highlights: Strong Profitability and ...
GuruFocus.com · 76d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.