Bridgewater Bancshares Inc
BWB, BWBBP · State Commercial Banks · 27.9M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $587K (gross $5M, SBC $4M)
Reference price $19.27 · est. market cap ~$537M — last insider sale, 2026-06-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C65Bridgewater Bancshares — Minneapolis CRE-focused bank with average returns.
Strengths
- Net income +40% (74th pct)
Risks
- ROE 8.9% (38th), ROA (33rd) average
- CRE/multifamily concentration; rate sensitivity
Notable findings
- Strong balance sheetStrong balance sheet — $124M cash & investments
- Insider sellingInsider selling — 12 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$2M, last 6mo) Form 4 ↗
Key metrics
Return on equity
8.9%
Return on assets
0.9%
Net-income growth
40.4%
Free cash flow
$22M
Tangible book value
$498M
Cash & investments
$124M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | Salazar Lisa M | Option exercise | 1.9K | $12.94 |
| 2026-06-08 | Place Nicholas L. | Option exercise | 12K | $7.47 |
| 2026-06-05 | Place Nicholas L. | Sell | 4.7K | $19.27 |
| 2026-06-05 | Chybowski Joseph M. | Option exercise | 7.0K | $7.47 |
| 2026-06-05 | Chybowski Joseph M. | Sell | 7.0K | $18.96 |
| 2026-05-21 | Crocker Mary Jayne | Sell | 6.5K | $18.50 |
| 2026-05-21 | Shellberg Jeffrey D. | Sell | 20K | $18.55 |
| 2026-05-11 | Crocker Mary Jayne | Buy | 205 | $20.00 |
| 2026-05-08 | Salazar Lisa M | Sell | 4.2K | $18.55 |
| 2026-05-07 | Shellberg Jeffrey D. | Sell | 8.2K | $18.45 |
| 2026-05-06 | Shellberg Jeffrey D. | Sell | 9.3K | $18.45 |
| 2026-05-01 | Shellberg Jeffrey D. | Sell | 62 | $18.50 |
| 2026-04-29 | Shellberg Jeffrey D. | Sell | 2.5K | $18.50 |
| 2026-04-16 | Crocker Mary Jayne | Option exercise | 6.8K | $12.92 |
| 2026-03-31 | Lawal Mohammed | Grant | 1.1K | — |
| 2026-03-31 | Brezonik Lisa | Grant | 1.1K | — |
| 2026-03-31 | Parish Douglas J. | Grant | 573 | — |
| 2026-03-31 | Johnson James S. | Grant | 1.1K | — |
| 2026-03-31 | Volk David J. | Grant | 1.1K | — |
| 2026-03-31 | Urness Todd B. | Grant | 1.1K | — |
| 2026-03-31 | Juran David B. | Grant | 1.1K | — |
| 2026-03-31 | Trutna Thomas P. | Grant | 573 | — |
| 2026-03-31 | Crocker Mary Jayne | Grant | 280 | — |
| 2026-02-10 | Trutna Thomas P. | Sell | 13K | $19.51 |
| 2026-02-06 | Shellberg Jeffrey D. | Sell | 9.8K | $18.89 |
| 2026-02-05 | Johnson James S. | Sell | 4.7K | $19.71 |
| 2026-02-03 | Baack Jerry J. | Grant | 24K | — |
| 2026-02-03 | Salazar Lisa M | Tax withheld | 427 | $19.54 |
| 2026-02-03 | Salazar Lisa M | Grant | 10K | — |
| 2026-02-03 | Shellberg Jeffrey D. | Tax withheld | 540 | $19.54 |
| 2026-02-03 | Crocker Mary Jayne | Tax withheld | 639 | $19.54 |
| 2026-02-03 | Chybowski Joseph M. | Tax withheld | 786 | $19.54 |
| 2026-02-03 | Chybowski Joseph M. | Grant | 16K | — |
| 2026-02-03 | Place Nicholas L. | Tax withheld | 554 | $19.54 |
| 2026-02-03 | Place Nicholas L. | Grant | 15K | — |
| 2026-02-02 | Shellberg Jeffrey D. | Tax withheld | 1.4K | $19.63 |
| 2026-02-02 | Chybowski Joseph M. | Tax withheld | 1.6K | $19.63 |
| 2026-02-02 | Salazar Lisa M | Tax withheld | 1.1K | $19.63 |
| 2026-02-02 | Place Nicholas L. | Tax withheld | 1.4K | $19.63 |
| 2026-02-02 | Crocker Mary Jayne | Tax withheld | 1.6K | $19.63 |
| 2025-12-31 | Johnson James S. | Grant | 1.1K | — |
| 2025-12-31 | Urness Todd B. | Grant | 1.1K | — |
| 2025-12-31 | Trutna Thomas P. | Grant | 556 | — |
| 2025-12-31 | Volk David J. | Grant | 556 | — |
| 2025-12-31 | Juran David B. | Grant | 1.1K | — |
| 2025-12-31 | Lawal Mohammed | Grant | 1.1K | — |
| 2025-12-31 | Brezonik Lisa | Grant | 1.1K | — |
| 2025-12-31 | Parish Douglas J. | Grant | 556 | — |
| 2025-12-12 | Place Nicholas L. | Option exercise | 10K | $7.47 |
| 2025-12-10 | Chybowski Joseph M. | Option exercise | 6.0K | $7.47 |
| 2025-12-10 | Chybowski Joseph M. | Sell | 5.2K | $18.05 |
| 2025-12-09 | Shellberg Jeffrey D. | Sell | 22K | $17.78 |
| 2025-12-09 | Chybowski Joseph M. | Sell | 6.8K | $17.99 |
| 2025-12-09 | Baack Jerry J. | Sell | 13K | $17.97 |
| 2025-12-09 | Place Nicholas L. | Sell | 1.4K | $17.63 |
| 2025-12-08 | Baack Jerry J. | Sell | 14K | $17.91 |
| 2025-12-06 | Crocker Mary Jayne | Tax withheld | 779 | $17.84 |
| 2025-12-06 | Morrell Katie Lynn | Tax withheld | 105 | $17.84 |
| 2025-12-06 | Stejskal Jessica Anne | Tax withheld | 172 | $17.84 |
| 2025-12-06 | Espeseth Laura | Tax withheld | 235 | $17.84 |
| 2025-12-06 | Salazar Lisa M | Tax withheld | 451 | $17.84 |
| 2025-12-06 | Shellberg Jeffrey D. | Tax withheld | 669 | $17.84 |
| 2025-12-06 | Chybowski Joseph M. | Tax withheld | 732 | $17.84 |
| 2025-12-06 | Place Nicholas L. | Tax withheld | 621 | $17.84 |
| 2025-12-05 | Stejskal Jessica Anne | Tax withheld | 352 | $17.84 |
| 2025-12-05 | Morrell Katie Lynn | Tax withheld | 354 | $17.84 |
| 2025-12-05 | Espeseth Laura | Tax withheld | 482 | $17.84 |
| 2025-12-04 | Morrell Katie Lynn | Grant | 3.1K | — |
| 2025-12-04 | Stejskal Jessica Anne | Tax withheld | 201 | $18.03 |
| 2025-12-04 | Stejskal Jessica Anne | Grant | 2.8K | — |
| 2025-12-04 | Urness Todd B. | Gift | 350K | — |
| 2025-12-04 | Espeseth Laura | Tax withheld | 307 | $18.03 |
| 2025-12-04 | Espeseth Laura | Grant | 3.9K | — |
| 2025-12-04 | Shellberg Jeffrey D. | Gift | 6.4K | — |
| 2025-12-04 | Morrell Katie Lynn | Tax withheld | 201 | $18.03 |
| 2025-11-26 | Shellberg Jeffrey D. | Gift | 11K | — |
| 2025-11-26 | Shellberg Jeffrey D. | Gift | 11K | — |
| 2025-11-21 | Crocker Mary Jayne | Sell | 5.9K | $17.00 |
| 2025-11-21 | Baack Jerry J. | Option exercise | 25K | $7.47 |
| 2025-11-17 | Crocker Mary Jayne | Option exercise | 19K | $7.47 |
| 2025-11-13 | Baack Jerry J. | Sell | 7.0K | $17.00 |
| 2025-11-13 | Crocker Mary Jayne | Sell | 4.1K | $17.04 |
| 2025-11-12 | Baack Jerry J. | Sell | 18K | $17.07 |
| 2025-11-10 | Urness Todd B. | Gift | 516K | — |
| 2025-11-10 | Crocker Mary Jayne | Sell | 9.0K | $16.75 |
| 2025-11-06 | Salazar Lisa M | Sell | 2.2K | $16.72 |
| 2025-11-05 | Baack Jerry J. | Sell | 16K | $16.58 |
| 2025-11-05 | Crocker Mary Jayne | Sell | 277 | $17.00 |
| 2025-10-28 | Baack Jerry J. | Sell | 9.4K | $17.01 |
| 2025-10-27 | Volk David J. | Buy | 13K | $17.46 |
| 2025-10-24 | Volk David J. | Buy | 17K | $17.44 |
| 2025-10-09 | Shellberg Jeffrey D. | Gift | 55K | — |
| 2025-10-09 | Shellberg Jeffrey D. | Gift | 55K | — |
| 2025-09-30 | Volk David J. | Grant | 582 | — |
| 2025-09-30 | Lawal Mohammed | Grant | 1.2K | — |
| 2025-09-30 | Brezonik Lisa | Grant | 1.2K | — |
| 2025-09-30 | Parish Douglas J. | Grant | 582 | — |
| 2025-09-30 | Johnson James S. | Grant | 1.2K | — |
| 2025-09-30 | Urness Todd B. | Grant | 1.2K | — |
| 2025-09-30 | Juran David B. | Grant | 1.2K | — |
| 2025-09-30 | Trutna Thomas P. | Grant | 582 | — |
| 2025-09-10 | Shellberg Jeffrey D. | Option exercise | 55K | $7.47 |
| 2025-09-10 | Crocker Mary Jayne | Option exercise | 20K | $7.47 |
| 2025-09-04 | Crocker Mary Jayne | Buy | 100 | $19.48 |
| 2025-08-26 | Crocker Mary Jayne | Sell | 9.3K | $16.05 |
| 2025-08-25 | Crocker Mary Jayne | Sell | 1.3K | $16.23 |
| 2025-08-22 | Trutna Thomas P. | Sell | 6.2K | $16.40 |
| 2025-08-22 | Shellberg Jeffrey D. | Sell | 6.0K | $16.09 |
| 2025-08-15 | Shellberg Jeffrey D. | Sell | 1.7K | $16.00 |
| 2025-08-14 | Shellberg Jeffrey D. | Sell | 32K | $16.03 |
| 2025-08-13 | Crocker Mary Jayne | Buy | 100 | $20.00 |
| 2025-08-12 | Baack Jerry J. | Sell | 10K | $16.01 |
| 2025-08-06 | Parish Douglas J. | Sell | 7.5K | $15.23 |
| 2025-07-30 | Baack Jerry J. | Sell | 20K | $16.02 |
| 2025-07-17 | Salazar Lisa M | Option exercise | 1.9K | $12.94 |
| 2025-06-30 | Trutna Thomas P. | Grant | 617 | — |
| 2025-06-30 | Johnson James S. | Grant | 1.2K | — |
| 2025-06-30 | Parish Douglas J. | Grant | 617 | — |
| 2025-06-30 | Urness Todd B. | Grant | 1.2K | — |
| 2025-06-30 | Brezonik Lisa | Grant | 1.2K | — |
| 2025-06-30 | Lawal Mohammed | Grant | 1.2K | — |
| 2025-06-30 | Juran David B. | Grant | 1.2K | — |
| 2025-06-17 | Crocker Mary Jayne | Option exercise | 20K | $7.47 |
| 2025-06-04 | Salazar Lisa M | Sell | 3.7K | $14.40 |
| 2025-05-14 | Trutna Thomas P. | Sell | 2.2K | $15.78 |
| 2025-05-09 | Crocker Mary Jayne | Sell | 9.5K | $15.53 |
| 2025-05-08 | Crocker Mary Jayne | Sell | 636 | $15.76 |
| 2025-04-30 | Crocker Mary Jayne | Buy | 190 | $18.75 |
| 2025-04-15 | Chybowski Joseph M. | Option exercise | 2.5K | $7.47 |
| 2025-03-31 | Johnson James S. | Grant | 1.4K | — |
| 2025-03-31 | Juran David B. | Grant | 1.4K | — |
| 2025-03-31 | Parish Douglas J. | Grant | 710 | — |
| 2025-03-31 | Trutna Thomas P. | Grant | 710 | — |
| 2025-03-31 | Brezonik Lisa | Grant | 1.4K | — |
| 2025-03-31 | Lawal Mohammed | Grant | 1.4K | — |
| 2025-03-31 | Urness Todd B. | Grant | 1.4K | — |
| 2025-02-05 | Shellberg Jeffrey D. | Gift | 75K | — |
| 2025-02-05 | Shellberg Jeffrey D. | Gift | 75K | — |
| 2025-02-03 | Salazar Lisa M | Grant | 5.6K | — |
| 2025-02-03 | Shellberg Jeffrey D. | Grant | 7.5K | — |
| 2025-02-03 | Crocker Mary Jayne | Grant | 8.9K | — |
| 2025-02-03 | Chybowski Joseph M. | Grant | 10K | — |
| 2025-02-03 | Place Nicholas L. | Grant | 7.2K | — |
| 2025-02-03 | Baack Jerry J. | Grant | 16K | — |
| 2025-02-02 | Salazar Lisa M | Tax withheld | 1.2K | $14.12 |
| 2025-02-02 | Shellberg Jeffrey D. | Tax withheld | 1.3K | $14.12 |
| 2025-02-02 | Place Nicholas L. | Tax withheld | 1.5K | $14.12 |
| 2025-02-02 | Crocker Mary Jayne | Tax withheld | 1.6K | $14.12 |
| 2025-02-02 | Chybowski Joseph M. | Tax withheld | 1.6K | $14.12 |
| 2025-01-15 | Chybowski Joseph M. | Option exercise | 2.5K | $7.47 |
| 2024-12-31 | Parish Douglas J. | Grant | 741 | — |
| 2024-12-31 | Trutna Thomas P. | Grant | 741 | — |
| 2024-12-31 | Brezonik Lisa | Grant | 1.5K | — |
| 2024-12-31 | Lawal Mohammed | Grant | 1.5K | — |
| 2024-12-31 | Urness Todd B. | Grant | 1.5K | — |
| 2024-12-31 | Juran David B. | Grant | 1.5K | — |
| 2024-12-31 | Johnson James S. | Grant | 1.5K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-04 | Reg FDExhibits | filing ↗ |
| 2026-05-01 | Shareholder voteExhibits | filing ↗ |
| 2026-04-21 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-02-27 | Material agreementExhibits | filing ↗ |
| 2026-02-09 | Reg FDExhibits | filing ↗ |
| 2026-01-27 | ResultsReg FDOtherExhibits | filing ↗ |
| 2025-11-03 | Reg FDExhibits | filing ↗ |
| 2025-10-21 | ResultsReg FDOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-04 | 2026-05-04 | 0001104659-26-054480 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001104659-26-053492 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001104659-26-052124 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001104659-26-046020 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001104659-26-021698 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001104659-26-020063 ↗ |
| 8-K | 2026-02-09 | 2026-02-09 | 0001104659-26-012087 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001104659-26-006999 ↗ |
| 8-K | 2025-11-03 | 2025-11-03 | 0001104659-25-105560 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001104659-25-104003 ↗ |
| 8-K | 2025-10-21 | 2025-10-21 | 0001104659-25-101247 ↗ |
| 8-K | 2025-08-21 | 2025-08-21 | 0001558370-25-011709 ↗ |