Stock fact sheet · data as of
Bridgewater Bancshares, Inc. (BWB): fair value, margin of safety and Wheel Score
Ticker symbol BWB · Financial Services · Banks - Regional · United States · Value
Is BWB undervalued?
Bridgewater Bancshares, Inc. (BWB) closed at 20.74 on 5 Nov 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 32.53, which puts the price 36% below it. 6 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between GLS Growth (1.36) and 10 Cap (67.07). 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.
Ranked against every other company we cover, BWB is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 70, growth score 38, out of 100).
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 | 8.49 | -59% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 30.56 | +47% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 61.60 | +197% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 22.40 | +8% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.36 | -93% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 67.07 | +223% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 44.97 | +117% | 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 | 23.78 | +15% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -157.82 | -861% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 24.50 | +18% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Bridgewater Bancshares, Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 7.6/10 puts BWB among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
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 12.8%.
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 2/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 23 Oct 2026.
| Piotroski F-score | 6 / 9 | ROIC | 4.5% |
|---|---|---|---|
| GLS Moat | 7.6 / 10 | ROE | 8.9% |
| Debt / equity | 0.98 | ROA | 0.9% |
| Free-cash-flow yield | 12.8% | Payout ratio | 7% |
| Institutions | 8 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 51: Fair
A Wheel Score of 51 keeps Bridgewater Bancshares, Inc. under 70, the mark only a stock that passes all 9 Wheel Trade Filters can reach: it fails filter 1, options that actually trade - options too quiet (6 open interest, 5 a day); and filter 8, big enough - market cap $581M (under $1.0B). The parts: value strong, premium strong, moat good, health good, red flags good, option trading weak, stability fair.
Implied volatility is 38% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 6 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 115k shares a day on a market cap of $581M, 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 rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (6 open interest, 5 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $581M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 36% below fair value | |
| Premium | Strong | implied volatility 38% | |
| Moat | Good | moat 7.6/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Weak | 5 contracts a day, 6 open interest | |
| Stability | Fair | beta 0.63, $581M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 26 Jan 2027, 82 days away - outside the window of a 30-45-day put sold today.
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 |
|---|---|---|---|---|---|
| SFST Southern First Bancshares, Inc. | 61.45 | 85.58 | +28% | 50Fair | $583M |
| BWFG Bankwell Financial Group, Inc. | 73.27 | 98.51 | +26% | 33No options | $584M |
| BWBBP Bridgewater Bancshares, Inc. | 19.08 | 31.31 | +39% | 35No options | $573M |
| BSVN Bank7 Corp. | 59.63 | 88.88 | +33% | 35No options | $568M |
| UNTY Unity Bancorp, Inc. | 59.35 | 71.09 | +17% | 44Weak | $596M |
| CIVB Civista Bancshares, Inc. | 28.81 | 31.63 | +9% | 42Weak | $597M |
| CWBC Community West Bancshares | 26.74 | 33.08 | +19% | 41Weak | $563M |
| COFS ChoiceOne Financial Services, Inc. | 37.61 | 48.36 | +22% | 29No options | $562M |
| NPB Northpointe Bancshares, Inc. | 16.14 | 22.11 | +27% | 29No options | $558M |
| KRNY Kearny Financial Corp. | 9.32 | 19.06 | +51% | 45Weak | $605M |
| SUPV Grupo Supervielle S.A. | 5.89 | 3.67 | -61% | 13Weak | $557M |
| BSRR Sierra Bancorp | 42.85 | 69.67 | +38% | 56Fair | $556M |
⚖ 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, yes: at 20.74 the stock is 36% below the average fair value of 32.53 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BWB and what does it mean?
BWB scores 51 out of 100 (Fair) - it fails Wheel Trade Filters 1, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for BWB?
32.53 per share as of 5 Nov 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 26 Jan 2027, 82 days from the data date of 5 Nov 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 36 listed contracts with 6 open interest across all expiries and implied volatility of 38% 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.