Stock fact sheet · data as of
Bridgewater Bancshares, Inc. (BWB): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Value
Is BWB undervalued?
Bridgewater Bancshares, Inc. (BWB) closed at 20.37 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 25.80, so the price sits 21% below it. 6 of the 8 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
There is a wide gap between GLS Growth (1.34) and Graham Growth (59.06). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files BWB under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for BWB
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 8.08 | -60% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 29.98 | +47% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 59.06 | +190% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 21.58 | +6% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.34 | -93% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 40.71 | +100% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 23.17 | +14% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 22.52 | +11% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -158.56 | -878% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 24.50 | +20% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Bridgewater Bancshares, Inc. scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability BWB scores 5.4/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC 4.5%, ROE 8.9%, ROA 0.9% - with debt at 0.98 times equity and a free-cash-flow yield of 6.7%.
Bridgewater Bancshares, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 8/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 30 Sep 2026.
| Piotroski F-score | 4 / 9 | ROIC | 4.5% |
|---|---|---|---|
| GLS Moat | 5.4 / 10 | ROE | 8.9% |
| Debt / equity | 0.98 | ROA | 0.9% |
| Free-cash-flow yield | 6.7% | Payout ratio | 7% |
| Institutions | 8 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 65: Good
With a Wheel Score of 65 - the Good band - Bridgewater Bancshares, Inc. falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 21/25, Health 9/20, Moat 8/15, Premium 20/20, Stability 7/20; Stability (7/20) scores lowest.
Implied volatility is 53% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 139 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 53k shares a day on a market cap of $568M, with a beta of 0.63 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 21 / 25 | 21% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 8 / 15 | moat 5.4/10 | |
| Premium | 20 / 20 | implied volatility 53% | |
| Stability | 7 / 20 | 53k shares/day, $568M cap, beta 0.63 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Bridgewater Bancshares, Inc. reports earnings on 20 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Bridgewater Bancshares, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| KRNY Kearny Financial Corp. | 9.01 | 18.53 | +51% | 77Good | $569M |
| BWBBP Bridgewater Bancshares, Inc. | 19.38 | 25.09 | +23% | 39No options | $575M |
| SFST Southern First Bancshares, Inc. | 59.22 | 74.22 | +20% | 69Good | $561M |
| CIVB Civista Bancshares, Inc. | 26.85 | 37.06 | +28% | 71Good | $558M |
| GCBC Greene County Bancorp, Inc. | 34.25 | 40.40 | +15% | 39No options | $583M |
| FBIZ First Business Financial Services, Inc. | 70.08 | 165.49 | +58% | 73Good | $586M |
| UNTY Unity Bancorp, Inc. | 54.53 | 73.48 | +26% | 69Good | $548M |
| NRIM Northrim BanCorp, Inc. | 24.43 | 82.21 | +70% | 76Good | $543M |
| CWBC Community West Bancshares | 25.77 | 46.09 | +44% | 70Good | $543M |
| NPB Northpointe Bancshares, Inc. | 15.62 | 47.93 | +67% | 39No options | $540M |
| DBIN Dacotah Banks, Inc. | 54.42 | 68.80 | +21% | 39No options | $604M |
| BSVN Bank7 Corp. | 55.49 | 109.57 | +49% | 39No options | $529M |
⚖ Compare BWB with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BWB
Is BWB undervalued right now?
By the GLS models, moderately: at 20.37 the stock trades 21% below the average fair value of 25.80 (data as of 16 Oct 2026).
What is the Wheel Score of BWB and what does it mean?
BWB scores 65 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BWB?
25.80 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Bridgewater Bancshares, Inc. report earnings next?
The next earnings report is due on 20 Oct 2026 (after the close), 4 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BWB have listed options, and how liquid are they?
Yes. The nightly snapshot found 90 listed contracts with 139 open interest across all expiries and implied volatility of 53% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.