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Ken GriffinHeld
Citadel Advisors · Q2 2026
$1.03M
48.95K shares · 0.0% of portfolio
Bridgewater Bancshares Inc
Bridgewater Bancshares Inc (BWB) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Saint Louis Park, United States and has 360 employees. The company is worth $576.36M and trades at 10.3x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $143.35M in fiscal 2025, up 30.8% from the year before. Net income was $46.09M. The share price is 8.6% below its 52-week high of $22.62. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $8.12M. In that quarter, 4 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +20.5% over 5Y.
today you would have $1,138.75▲ +13.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 8 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $17.53 | $13.51 | $13.52 | $17.74 | $17.69 | $12.49 | $13.78 | $10.55 | |
| P/E | 11.7x | 11.8x | 13.1x | 10.6x | 10.3x | 11.5x | 13.4x | 13.1x | 11.6x |
| P/S | 3.7x | 3.4x | 3.4x | 3.4x | 3.6x | 4.3x | 3.7x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 9.9% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 11.7 across this company’s own years on record.
Cash flow growing 9.9% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CXIIChurchill Capital Corp XII | $10.35 | — | 1.4x | 0.00% | — | $574.94M |
| ABTCAmerican Bitcoin Corp. | $7.95 | — | 0.9x | 0.00% | -38.53% | $578.92M |
| CRD.BCrawford & Co | $12.04 | 25.6x | 3.1x | 2.57% | 13.03% | $573M |
| VELVelocity Financial, Inc. | $14.71 |
| 5.1x |
| 4.7x |
| P/B | 1.3x | 0.9x | 0.8x | 0.9x | 1.2x | 1.3x | 1.3x | 1.6x | 1.4x |
| EPS | $1.49 | $1.03 | $1.27 | $1.72 | $1.54 | $0.93 | $1.05 | $0.91 |
| Profit margin | 37.52% | 32.15% | 29.96% | 35.78% | 39.25% | 39.79% | 28.99% | 40.28% | 40.01% |
| ROE | 11.15% | 8.91% | 7.17% | 9.39% | 13.55% | 12.05% | 10.25% | 12.83% | 12.18% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
-20.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 5.3x |
| 0.8x |
| 0.00% |
| 16.32% |
| $580.77M |
| UNTYUnity Bancorp Inc | $56.40 | 9.3x | 1.5x | 1.21% | 17.05% | $567.84M |
| KRNYKearny Financial Corp. | $9.27 | 16.0x | 0.8x | 4.75% | 4.79% | $585.62M |