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BW

BWB BRIDGEWATER BANCSHARES INC

2026Q2 · CUSIP 108621103 · Sector: Financials

Normal

Fund flows are within the usual range

Funds that own it
148
Institutions that reported holding it to the SEC
Net increase in holders
+9
Last quarter 139 → now 148
How unusual is that
Above average
Stronger buying than 67% of US stocks
What the filings say, in one paragraph

148 funds held BWB at the end of 2026Q2, up 9 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, the P/E is 11.7x, return on equity is 10.3%. BWB has had 2 buying rushes in its history, and the price moved -15.4% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2018Q2: holders=64 2018Q3: holders=66 2018Q4: holders=68 2019Q1: holders=73 2019Q2: holders=73 2019Q3: holders=86 2019Q4: holders=85 2020Q1: holders=84 2020Q2: holders=87 2020Q3: holders=81 2020Q4: holders=84 2021Q1: holders=99 2021Q2: holders=96 2021Q3: holders=93 2021Q4: holders=91 2022Q1: holders=97 2022Q2: holders=90 2022Q3: holders=95 2022Q4: holders=97 2023Q1: holders=100 2023Q2: holders=94 2023Q3: holders=87 2023Q4: holders=104 2024Q1: holders=97 2024Q2: holders=90 2024Q3: holders=107 2024Q4: holders=115 2025Q1: holders=114 2025Q2: holders=123 2025Q3: holders=128 2025Q4: holders=140 2026Q1: holders=139 2026Q2: holders=148 -17 -8.5 +0 +8.5 +17 57107156 18Q219Q220Q221Q222Q223Q224Q225Q226Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 2 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2019Q3 Top 20% +9.0% -22.8%
2018Q2 Top 20% -9.2% -7.9%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
82
Change in large funds
+8
Total value they hold
$374M
Funds buying for the first time
22
Funds that sold out entirely
13
Price change that quarter
+16.4%
Funds holding puts (bearish)
0
Funds holding calls (bullish)
0

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
11.7
EPS (TTM)
$1.83
EPS YoY
+50.0%
Revenue (TTM)
—
Revenue YoY
—
Net margin
—
ROE
10.3%
Debt ratio
89.8%
FCF (TTM)
$36M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-09-30: EPS 0.47 2022-12-31: EPS 0.45 2023-03-31: EPS 0.37 2023-06-30: EPS 0.31 2023-09-30: EPS 0.30 2023-12-31: EPS 0.29 2024-03-31: EPS 0.24 2024-06-30: EPS 0.26 2024-09-30: EPS 0.27 2024-12-31: EPS 0.26 2025-03-31: EPS 0.31 2025-06-30: EPS 0.38 2025-09-30: EPS 0.38 2025-12-31: EPS 0.42 2026-03-31: EPS 0.58 2026-06-30: EPS 0.45 0.00 0.32 0.64 2022202320242025202606/26 EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 12 6 10 15 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-10M15M39M 2017201820192020202120222023202420252026
Latest quarter $14M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.