Stocks · Financial Services · Banks - Regional
Bridgewater Bancshares, Inc. BWB
$20.43 -1.35% Close, Oct 5, 2026 · NASDAQ · Market cap $577.5M
Next earnings report: Oct 20, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $1.84, up 50.8% year over year.
- Net debt is 7.6× EBITDA, a high level of leverage.
- The stock is in an uptrend: above its 200-day average for 136 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 17%
- EPS growth (TTM, YoY)Top 21%
- FCF growth (TTM, YoY)Bottom 43%
- Revenue growth, 3-year CAGRTop 32%
- Revenue growth accelerationBottom 8%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 41%
- Gross marginBottom 16%
- Operating marginBottom 28%
- Cash conversion (OCF / net income)Bottom 29%
- Accruals (lower is better)Bottom 28%
- Net debt / EBITDA (lower is better)Bottom 17%
- Interest coverBottom 15%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 25%
- Free-cash-flow yieldBottom 42%
- EBITDA / enterprise valueBottom 36%
- Sales / enterprise valueBottom 48%
- P/E vs own 5-year history (lower is better)Top 44%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 28%
- 6-month returnTop 32%
- 1-year return vs S&P 500Top 30%
- Distance from 52-week highTop 46%
- Trend checklist (0–4)Top 48%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 28%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyTop 17%
- Upside to consensus price targetTop 38%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 42%
- Maximum drawdown, 3 yearsTop 31%
- Beta vs S&P 500 (lower is better)Bottom 21%
- Net debt / EBITDA (lower is better)Bottom 17%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 17.2% | -5.2% | ↓ |
| EPS growth (YoY) | 60.9% | 50.8% | ↓ |
| Gross margin | 43.7% | 42.3% | ↓ |
| Operating margin | 18.4% | 13.2% | ↓ |
| FCF margin | 12.8% | 14.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -5.2% | 17.2% | ↓ | Bottom 17% |
| EPS growth (TTM, YoY) | 50.8% | 60.9% | ↓ | Top 21% |
| Gross margin | 42.3% | 43.7% | ↓ | Bottom 16% |
| Operating margin | 13.2% | 18.4% | ↓ | Bottom 28% |
| Net margin | 22.1% | 14.1% | ↑ | — |
| Free-cash-flow margin | 14.9% | 12.8% | ↑ | — |
| Return on invested capital | 2.5% | — | Top 41% | |
| Revenue growth, 3-year CAGR | 19.9% | — | Top 32% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.75×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 0.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -67.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 7.59×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.04%
- Shareholder yield
- -0.04%
- Share count change, 1 year
- +1.6%
- Share count change, 3-year CAGR
- +0.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -0.3%
- Average 2-day reaction, last 8
- +1.0%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $24.50
- Target vs current price
- +19.9%
- Analysts with a rating
- 4
- Share rating Buy or Strong Buy
- 75%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 21, 2026 | -0.6% | -0.3% | -6.0% | +1.7% | — |
| Apr 21, 2026 | -0.6% | -2.6% | -2.8% | -4.0% | +17.8% |
| Jan 27, 2026 | +4.8% | +0.5% | +6.9% | +1.1% | +0.3% |
| Oct 21, 2025 | -4.9% | +0.6% | -1.6% | -6.1% | +6.3% |
| Jul 23, 2025 | +5.7% | +0.4% | -0.1% | -1.7% | +8.3% |
| Apr 23, 2025 | +10.3% | +4.9% | +18.4% | +20.4% | +25.8% |
| Jan 30, 2025 | +12.5% | +3.8% | +6.6% | +4.2% | +5.1% |
| Oct 23, 2024 | +16.7% | +0.9% | -2.1% | -1.7% | -10.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 21, 2026 | $0.45 | $0.45 | -0.6% | $40.9M |
| Apr 21, 2026 | $0.41 | $0.41 | -0.6% | $39.0M |
| Jan 27, 2026 | $0.44 | $0.42 | +4.8% | $38.8M |
| Oct 21, 2025 | $0.39 | $0.41 | -4.9% | $36.1M |
| Jul 23, 2025 | $0.37 | $0.35 | +5.7% | $35.7M |
| Apr 23, 2025 | $0.32 | $0.29 | +10.3% | $31.8M |
| Jan 30, 2025 | $0.27 | $0.24 | +12.5% | $29.1M |
| Oct 23, 2024 | $0.28 | $0.24 | +16.7% | $26.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 11.1× | 11.1× | 48th | Top 25% |
| P/E (forward) | 11.1× | — | — | — |
| EV / EBITDA | 24.1× | — | — | Bottom 36% |
| EV / Sales | 3.30× | — | — | Bottom 48% |
| Free-cash-flow yield | 6.61% | — | — | Bottom 42% |
| Earnings yield | 9.01% | — | — | Top 25% |
P/E over the past five years
Range 4.9× – 14.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +21.3%
- Earnings per share growth (TTM)
- +50.8%
- Change in P/E multiple
- -12.6%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 136
- 50-day average slope (20 days)
- -1.0%
- 200-day average slope (20 days)
- +1.7%
- Distance from 50-day average
- -3.5%
- Distance from 200-day average
- +4.8%
- RSI (14)
- 41.7
- Relative volume
- 1.43×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.5%
- Volatility vs own 5-year history
- 10th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.99
- Correlation with S&P 500
- 0.55
- Current drawdown from 1-year high
- -9.2%
- Maximum drawdown, 3 years
- -22.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 10, 2022 | May 12, 2023 | -59.5% | 125 days | 686 days (Feb 6, 2026) |
| Nov 11, 2021 | May 19, 2022 | -24.7% | 130 days | 121 days (Nov 10, 2022) |
| Feb 6, 2026 | Mar 18, 2026 | -15.6% | 27 days | 60 days (Jun 12, 2026) |
| May 21, 2021 | Aug 19, 2021 | -12.4% | 62 days | 28 days (Sep 29, 2021) |
| Mar 5, 2021 | Apr 27, 2021 | -12.3% | 36 days | 7 days (May 6, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $577.5M
- P/E (TTM)
- 11.1
- EPS, diluted (TTM)
- $1.84
- Revenue (TTM)
- $255.3M
- 52-week range
- $16.06 – $22.62
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $134.2M | $169.3M | $226.9M | $251.4M | $291.6M |
| Gross profit | $109.7M | $127.6M | $109.9M | $104.2M | $137.6M |
| Operating income | $61.6M | $71.7M | $52.5M | $42.7M | $61.5M |
| Net income | $45.7M | $53.4M | $40.0M | $32.8M | $46.1M |
| EPS (diluted) | $1.54 | $1.72 | $1.27 | $1.03 | $1.50 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.2M | $65.4M | $67.3M | $72.5M | $75.4M | $76.5M | $79.4M | $24.1M |
| Net income | $8.7M | $8.2M | $9.6M | $11.5M | $11.6M | $13.3M | $17.4M | $14.0M |
| EPS (diluted) | $0.27 | $0.26 | $0.31 | $0.38 | $0.38 | $0.43 | $0.58 | $0.45 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $54.2M | $85.0M | $30.0M | $46.4M | $27.8M |
| Capital expenditure | -$777,000 | -$1.6M | -$3.0M | -$4.1M | -$5.8M |
| Free cash flow | $53.5M | $83.4M | $27.0M | $42.3M | $22.0M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$2.7M | -$11.5M | -$5.1M | -$5.9M | -$252,000 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $775.2M
- Total assets
- $5.39B
- Total liabilities
- $4.84B
- Total debt
- $434.9M
- Net debt
- $265.1M
- Shareholders’ equity
- $547.9M
As of Jun 30, 2026 (filed Jul 30, 2026).
Short interest
- Shares sold short
- 737,759
- Days to cover
- 8.45
- Change vs previous report
- -6.2%
FINRA short interest, settlement date Sep 15, 2026.