Smart Money · Holder IQ
51.5 / 100
Below median holder quality (percentile 37.3 this quarter). Holder trend is not available.
BWB
Bridgewater Bancshares IncNASDAQ
Financial Services • Banks - Regional
Factor tilt: Small-Cap Defensive
$20.64+0.19%
Close Nov 10, 2026
- Market cap
- $575.51M
- 1 month
- +1.1%
- 3 months
- -6.2%
- 1 year
- +24.0%
- 52-week range
- $16.17$22.49
Reading stored signals…
More market facts
- Dividend
- No dividends on record
- Short interest
- 2.3% of float526.7K shares · settled Oct 30, 2026 · -24.2% since Oct 15, 2026 · FINRA
Fundamentals · trailing 12 months to Sep 30, 2026
- Revenue
- $259.13M
- Net income
- $59.78M
- Free cash flow
- —
- Book value
- $541.39M
- Total debt
- —
- P/E
- 9.6×
- Price / sales
- 2.2×
- Price / book
- 1.1×
- FCF yield
- —
- Net margin
- +23.1%
EODHD (TTM) · as of Nov 10, 2026
End-of-day close from stored market data, not a live quote.
About Bridgewater Bancshares Inc
Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services in the United States.
Read more
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.
- Website
- bridgewaterbankmn.com
- Headquarters
- Saint Louis Park, MN, United States
- Employees
- 360
- Listed
- Mar 14, 2018
- Fiscal year ends
- December
Company profile from EODHD, stored Oct 31, 2026.
Quarterly results
The last 8 fiscal quarters from EODHD’s latest stored vendor-normalized figures. These may include restatements. Year over year compares the same quarter a year earlier. Gross margin and operating income are not shown for a bank or insurer.
| Quarter | Revenue | YoY | Net income |
|---|---|---|---|
| Sep 2026filed Oct 20, 2026 | $79.2M | +5.1% | $15.0M |
| Jun 2026filed Jul 30, 2026 | $24.1M | -66.8% | $14.0M |
| Mar 2026filed Apr 30, 2026 | $79.4M | +17.9% | $17.4M |
| Dec 2025filed Feb 26, 2026 | $76.5M | +16.9% | $13.3M |
| Sep 2025filed Oct 30, 2025 | $75.4M | +17.5% | $11.6M |
| Jun 2025filed Jul 31, 2025 | $72.5M | +16.6% | $11.5M |
| Mar 2025filed May 1, 2025 | $67.3M | +12.7% | $9.6M |
| Dec 2024filed Mar 6, 2025 | $65.4M | +12.7% | $8.2M |
Balance sheet · cash, debt and near-term obligations
This operating-company comparison is not shown for a bank or insurer. Their funding and liquidity need a different interpretation; this is not a zero-debt verdict.
Fiscal years · last 6
| Fiscal year | Revenue | YoY | Net income |
|---|---|---|---|
| Dec 2025filed Feb 26, 2026 | $291.6M | +16.0% | $46.1M |
| Dec 2024filed Mar 6, 2025 | $251.4M | +10.8% | $32.8M |
| Dec 2023filed Mar 7, 2024 | $226.9M | +34.0% | $40.0M |
| Dec 2022filed Mar 7, 2023 | $169.3M | +26.2% | $53.4M |
| Dec 2021filed Mar 8, 2022 | $134.2M | +11.2% | $45.7M |
| Dec 2020filed Mar 11, 2021 | $120.7M | +12.1% | $27.2M |
Annual cash generation
Does profit turn into cash? Compare BWB’s accounting profit with operating cash flow and capital spending. Amounts are in USD.
This operating-company cash comparison is not shown for financial firms. Banking and insurance cash movements need a different interpretation; this is not a zero-cash-flow verdict.
Cash-flow source and meaning
Source: EODHD annual financial statements, latest stored vendor-normalized figures. These may include restatements and may differ from the filer’s own XBRL. A filing date is not the knowledge date of this version of the values.
Free cash flow is the vendor’s reported figure, shown only when it agrees with operating cash flow less capital spending recorded as a positive outflow. It is not cash guaranteed for dividends or buybacks, and it does not subtract every financing obligation. Missing or sign-incompatible inputs are not filled in. An unlabelled currency is used only for a confirmed domestic USD filer. These are annual statements, not forecasts or an originally-filed history.
Company Quality Grade
How steadily did the business compound its per-share book value with dividends over 40 quarters? This historical measure is not a stock-price return or a forecast.
As of
Grade withheld by the published method. This is not a zero or a poor-quality verdict.
- There is not enough continuous first-filed history for this window.
insufficient_history
Link an account to see your stake, watchlist and past holdings. Use this to question the durability of the business behind your investment case, alongside its filings and valuation. A withheld grade is a data or method limit, not a sell signal. For a short position, it does not predict timing, borrowing costs or downside. It does not measure your account’s return.
Method, filing sources and publication receipt
Source: SEC first-filed XBRL. Midas Edge API’s published Green Compounders method uses only filings public by the as-of date, split-adjusted shares and the original filed values. Restatements do not replace them. Issuer pools and entity types reflect the SEC submissions captured for this run, not historical classifications at each as-of date.
The primary form fits log book value with reinvested dividends against time. The method checks the starting book and market-cap floors and excludes identified non-reliance/enforcement windows. Its cohort is fixed at capture time, so historical percentiles have capture and survival limits. It does not check audit-opinion going-concern text. This grade is separate from InsiderIQ, HolderIQ and NetCredibility.
- Parameters
- pg-g2-params.v17
- Plane
- sha256:841c1bb46826c45b96472bf9adff6a93c8ce5f5392636cff297045298e9bf517
- Grade row SHA-256
- sha256:f3f06943bbe2e1d015ec1f79df74b063a79ab6e8b52e43013606034213a52684
- Manifest SHA-256
- sha256:c94c0931ffa7d9818ad0d34110b400f347a53da8a9c7d9aee1013095384d6a8a
- Engine SHA-256
- sha256:defa2e17f100b92a30576940d1632532b5cc4f37a2cb4bcc7fcc881856417811
- Hand-check receipt SHA-256
- sha256:03dd742b7b83e1130b4c01f9beaaf2671b20562c447a337dd047a41ad675ed3c
People-network credibility
The people behind a company influence capital allocation and controls. This published research measures graph connections to people with admitted adjudications (RED), and to repeat value creators or stewards of qualifying compounders and long-term shareholder-return leaders (GREEN). Connections alone do not establish conduct. These measures are separate from insider trading performance and Company Quality Grade.
Published people-network evidence is unavailable right now. The company's financials, holdings and filed source records on this page remain available. No missing score is replaced with zero.
Short-interest history
FINRA reports open short positions for a settlement date. The publication date is later. These are reported positions, with a separate date for each observation.
Compare the reported short exposure around the dates you bought, sold or watched BWB. A long position benefits from price rises; a short position benefits from falls. A change in these counts does not predict either move.
Settlement Oct 30, 2026
526,695 shares short
-168,554 shares (-24.2%) vs Oct 15, 2026
2.3% of the stored float. Published Nov 10, 2026.
Settlement Oct 15, 2026
695,249 shares short
+39,192 shares (+6%) vs Sep 30, 2026
3.1% of the stored float. Published Oct 26, 2026.
Settlement Sep 30, 2026
656,057 shares short
-81,702 shares (-11.1%) vs Sep 15, 2026
2.9% of the stored float. Published Oct 9, 2026.
Settlement Sep 15, 2026
737,759 shares short
-48,436 shares (-6.2%) vs Aug 31, 2026
Share of float unavailable. Published Sep 24, 2026.
Settlement Aug 31, 2026
786,195 shares short
+105,065 shares (+15.4%) vs Aug 14, 2026
3.5% of the stored float. Published Sep 10, 2026.
Settlement Aug 14, 2026
681,130 shares short
+67,683 shares (+11%) vs Jul 31, 2026
3.1% of the stored float. Published Aug 25, 2026.
Change = this settlement’s shares short − the previous recorded settlement’s shares short; percentage change divides by that earlier count. A zero earlier count has no percentage change. Split-spanning counts are left uncompared. Float percentages use the stored settlement observation, not today’s float.
Source: stored FINRA equity short-interest records, up to six settlements from the last 240 days. FINRA data and reporting dates · How to read short interest
Dividends and stock splits
See the recorded cash amounts and dates behind BWB’s income, and the splits that change its share count. Dates below are stored event records, not confirmation of a payment to your account.
Cash-dividend records
No qualified cash-dividend records are stored. This does not establish that the company pays no dividend.
Up to six Polygon cash-dividend events, including recorded ex-dates within the next 120 days. Amounts retain their recorded currency and decimal precision. Historical amounts are not restated to a common split basis, annualized, or converted to dollars.
For a long holding, compare the ex-date with when you held the shares and check the pay date against your broker’s cash history. Owning the stock today does not establish past entitlement. For a short holding, a dividend can create a payment obligation to the share lender.
Ex-dates and special dividend rules · Short-sale dividend obligations · Dividend data definitions
Split history
No qualified split events are stored. This does not establish that the stock has never split.
Up to six stored split dates through Nov 11, 2026. Equivalent vendor ratios are combined; conflicting ratios are left out. This history may be incomplete.
A split changes the share count and per-share price basis; it does not by itself add investment value. Put your holding’s earlier and later share counts on the same basis before comparing them. This applies to both long shares and shares owed on a short position.
How stock splits workPortfolio context
Link an account to see your stake, watchlist and past holdings.
We’ll show you if BWB is in your portfolio and how much it contributes.
Sign inMarket context
Loading market dates
Smart money context
Holder IQ: MEDIUM
15 smart-money holders: institutions with a high Holder IQ
Q2 2026, filed Oct 16, 2026
Smart-money 13F trend: distributing (heavy)
Unlock crowding heatmapUnlock filer discoveryInsider context
Sentiment: bearish
Last trade: sell 5 days ago
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
Stored recent-activity label: bearish. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Red flags: 1
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
Stored recent-activity label: bearish. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Largest 13-F holders · Q2 2026
151 filers reported a long position in BWB for Q2 2026. 13-F holdings are filed up to 45 days after the quarter ends.
The top 10 hold
54.8%
of the 18.1M shares 13-F filers reported
Moves vs Q1 2026
8 added1 trimmed
1 unchanged
Net shares held
+4.9%
across the 10 holders with a comparable Q1 2026 book
| Rank | Holder | Value | Shares | Shares vs Q1 2026 |
|---|---|---|---|---|
| 1 | Thrivent Financial For Lutherans | $46.4M · 2.2M shares | 2.2M | -2.2% |
| 2 | BlackRock, Inc. | $37.1M · 1.8M shares | 1.8M | +11.4% |
| 3 | Alliancebernstein L.P. | $23.7M · 1.3M shares | 1.3M | +2.1% |
| 4 | Dimensional Fund Advisors LP | $23.1M · 1.1M shares | 1.1M | +3.9% |
| 5 | Vanguard Capital Management LLC | $19.8M · 941.5K shares | 941.5K | +2.4% |
| 6 | American Century Companies Inc | $14.9M · 708.4K shares | 708.4K | +14.6% |
| 7 | Geode Capital Management, LLC | $11.7M · 557.4K shares | 557.4K | +12.4% |
| 8 | State Street Corp | $9.9M · 468.5K shares | 468.5K | +3.1% |
| 9 | Punch & Associates Investment Management, Inc. | $9.1M · 434.7K shares | 434.7K | Unchanged |
| 10 | Renaissance Technologies LLC | $8.1M · 385.9K shares | 385.9K | +22.8% |
Sign in to see each holder’s Holder IQ, factor-adjusted Holder IQ and rank, and compare these holders with all scored filers. Available on every plan.
Sign in5% holder filings (13D / 13G)
Holders of more than 5% of BWB file with the SEC within days. A 13D holder may seek to influence the company; a 13G holder is passive. Each holder’s latest filing from the last three years.
| Filed | Holder | % of class |
|---|---|---|
| Nov 9, 2026 | Baack Jerry J13G · passive · amended | 4.8%under 5% |
Moves the factor model did not explain
How much of BWB’s move accompanied the market and its measured style leanings, and how much was left? The residual is unexplained by this fitted model. It does not establish a cause, skill or future alpha.
- Market
- -1.57%
- Style leanings
- +0.56%
- Unexplained residual
- +1.89%
- Stock move
- +0.88%
Window contributions are percentage points of starting stock value. The market bar is the fitted common intercept, not an index return. Market + styles + residual = stock move; opposite signs can offset. Source: daily_returns, dated security_factor_exposures × barra_factor_returns, and stored security_specific_returns; 2026-10-12–2026-11-09, model v1.2.0. Returns are dimensionless on the USD listing; no currency conversion.
Link an account with dated transactions to see what share of your own holding’s move since its purchase-date close was unexplained, with long and short positions distinguished. Your private holdings never enter this public chart.
Dated model observations (20)
Daily percentage returns, not window contributions. Source: the same dated warehouse rows and model v1.2.0; observed 2026-11-11T16:20:48.277Z. Absent sessions are never interpolated; missing or failed inputs stay unavailable.
| Date | Stock | Market | Styles | Residual |
|---|---|---|---|---|
| -0.24% | +0.02% | -0.44% | +0.17% | |
| -1.03% | -1.18% | -0.06% | +0.22% | |
| +1.04% | +0.52% | +0.30% | +0.22% | |
| +1.13% | -1.05% | +0.12% | +2.06% | |
| -1.31% | +0.36% | -0.38% | -1.29% | |
| +1.38% | +0.43% | +0.03% | +0.91% | |
| -2.33% | +0.49% | -0.11% | -2.71% | |
| +2.68% | -1.09% | -0.21% | +3.98% | |
| -0.44% | -0.46% | +0.43% | -0.41% | |
| 0.00% | +0.50% | +0.34% | -0.84% | |
| -0.78% | +0.68% | -0.43% | -1.03% | |
| -0.15% | +0.37% | +0.06% | -0.58% | |
| -0.25% | -0.46% | -0.11% | +0.32% | |
| -0.64% | -1.77% | -0.10% | +1.23% | |
| +2.03% | -0.24% | +1.00% | +1.26% | |
| -1.45% | +0.35% | -0.38% | -1.43% | |
| +2.07% | +1.75% | -0.29% | +0.61% | |
| -2.27% | -3.95% | +1.36% | +0.33% | |
| +0.05% | +0.71% | -0.55% | -0.11% | |
| +1.58% | +2.50% | -0.05% | -0.88% |
How this split is calculated
Each day uses that day’s fitted market intercept and style exposures multiplied by that day’s published factor returns. Their sum plus the independently stored residual must reconcile to the stock return. Window effects are weighted by stock wealth at each day’s start and added; the stock return compounds. Every expected US market session must be present and pass source, identity, model and numerical checks. This retrospective fit is an explanation of measured returns, not evidence of causation or an investable forecast. The window ends at the latest published model session, which can lag the market; today’s unfinished session is excluded.
What insiders reported owning
Reading dated filing evidence…
Get the Full Analysis for BWB
Unlock detailed insider transactions, institutional holder changes, factor exposures, and personalized alerts. Start free with your own portfolio.