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Bridgewater Bancshares (BWB) Competitors

Bridgewater Bancshares logo
$21.39 0.00 (0.00%)
Closing price 09/14/2026 04:00 PM Eastern
Extended Trading
$21.39 0.00 (0.00%)
As of 09/14/2026 07:30 PM Eastern
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BWB vs. BUSE, CNOB, FMBH, FRME, and IBCP

Should you buy Bridgewater Bancshares stock or one of its competitors? Bridgewater Bancshares's main competitors and comparable companies include First Busey (BUSE), ConnectOne Bancorp (CNOB), First Mid Bancshares (FMBH), First Merchants (FRME), and Independent Bank (IBCP). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "regional banks" industry.

How does Bridgewater Bancshares compare to First Busey?

First Busey (NASDAQ:BUSE) and Bridgewater Bancshares (NASDAQ:BWB) are both finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their dividends, media sentiment, institutional ownership, risk, earnings, profitability, analyst recommendations and valuation.

First Busey has a net margin of 21.00% compared to Bridgewater Bancshares' net margin of 18.38%. Bridgewater Bancshares' return on equity of 11.21% beat First Busey's return on equity.

Company Net Margins Return on Equity Return on Assets
First Busey21.00% 10.48% 1.40%
Bridgewater Bancshares 18.38%11.21%0.95%

First Busey presently has a consensus price target of $32.00, indicating a potential upside of 4.81%. Bridgewater Bancshares has a consensus price target of $23.67, indicating a potential upside of 10.64%. Given Bridgewater Bancshares' stronger consensus rating and higher possible upside, analysts plainly believe Bridgewater Bancshares is more favorable than First Busey.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Busey
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57
Bridgewater Bancshares
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80

First Busey has a beta of 0.71, suggesting that its share price is 29% less volatile than the broader market. Comparatively, Bridgewater Bancshares has a beta of 0.58, suggesting that its share price is 42% less volatile than the broader market.

In the previous week, Bridgewater Bancshares had 1 more articles in the media than First Busey. MarketBeat recorded 5 mentions for Bridgewater Bancshares and 4 mentions for First Busey. Bridgewater Bancshares' average media sentiment score of 1.04 beat First Busey's score of 0.85 indicating that Bridgewater Bancshares is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Busey
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bridgewater Bancshares
3 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Busey has higher revenue and earnings than Bridgewater Bancshares. Bridgewater Bancshares is trading at a lower price-to-earnings ratio than First Busey, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Busey$789.53M3.19$135.26M$2.4212.62
Bridgewater Bancshares$161.17M3.70$46.09M$1.8411.63

56.5% of First Busey shares are owned by institutional investors. Comparatively, 65.8% of Bridgewater Bancshares shares are owned by institutional investors. 3.8% of First Busey shares are owned by insiders. Comparatively, 23.1% of Bridgewater Bancshares shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Summary

Bridgewater Bancshares beats First Busey on 8 of the 15 factors compared between the two stocks.

How does Bridgewater Bancshares compare to ConnectOne Bancorp?

Bridgewater Bancshares (NASDAQ:BWB) and ConnectOne Bancorp (NASDAQ:CNOB) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their institutional ownership, media sentiment, risk, valuation, analyst recommendations, dividends, earnings and profitability.

Bridgewater Bancshares currently has a consensus price target of $23.67, indicating a potential upside of 10.64%. ConnectOne Bancorp has a consensus price target of $35.00, indicating a potential upside of 9.86%. Given Bridgewater Bancshares' higher probable upside, equities research analysts clearly believe Bridgewater Bancshares is more favorable than ConnectOne Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bridgewater Bancshares
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80
ConnectOne Bancorp
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80

In the previous week, Bridgewater Bancshares had 3 more articles in the media than ConnectOne Bancorp. MarketBeat recorded 5 mentions for Bridgewater Bancshares and 2 mentions for ConnectOne Bancorp. ConnectOne Bancorp's average media sentiment score of 1.59 beat Bridgewater Bancshares' score of 1.04 indicating that ConnectOne Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bridgewater Bancshares
3 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
ConnectOne Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

65.8% of Bridgewater Bancshares shares are held by institutional investors. Comparatively, 67.7% of ConnectOne Bancorp shares are held by institutional investors. 23.1% of Bridgewater Bancshares shares are held by company insiders. Comparatively, 5.2% of ConnectOne Bancorp shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Bridgewater Bancshares has a beta of 0.58, indicating that its share price is 42% less volatile than the broader market. Comparatively, ConnectOne Bancorp has a beta of 1.03, indicating that its share price is 3% more volatile than the broader market.

ConnectOne Bancorp has a net margin of 20.21% compared to Bridgewater Bancshares' net margin of 18.38%. ConnectOne Bancorp's return on equity of 11.24% beat Bridgewater Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
Bridgewater Bancshares18.38% 11.21% 0.95%
ConnectOne Bancorp 20.21%11.24%1.17%

ConnectOne Bancorp has higher revenue and earnings than Bridgewater Bancshares. ConnectOne Bancorp is trading at a lower price-to-earnings ratio than Bridgewater Bancshares, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bridgewater Bancshares$161.17M3.70$46.09M$1.8411.63
ConnectOne Bancorp$679.93M2.36$80.44M$3.0510.45

Summary

ConnectOne Bancorp beats Bridgewater Bancshares on 9 of the 14 factors compared between the two stocks.

How does Bridgewater Bancshares compare to First Mid Bancshares?

First Mid Bancshares (NASDAQ:FMBH) and Bridgewater Bancshares (NASDAQ:BWB) are both small-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, valuation, analyst recommendations, risk, media sentiment, institutional ownership, earnings and profitability.

First Mid Bancshares has a beta of 0.78, indicating that its stock price is 22% less volatile than the broader market. Comparatively, Bridgewater Bancshares has a beta of 0.58, indicating that its stock price is 42% less volatile than the broader market.

In the previous week, Bridgewater Bancshares had 3 more articles in the media than First Mid Bancshares. MarketBeat recorded 5 mentions for Bridgewater Bancshares and 2 mentions for First Mid Bancshares. First Mid Bancshares' average media sentiment score of 1.44 beat Bridgewater Bancshares' score of 1.04 indicating that First Mid Bancshares is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Mid Bancshares
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bridgewater Bancshares
3 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

First Mid Bancshares currently has a consensus target price of $54.63, suggesting a potential upside of 7.07%. Bridgewater Bancshares has a consensus target price of $23.67, suggesting a potential upside of 10.64%. Given Bridgewater Bancshares' stronger consensus rating and higher possible upside, analysts plainly believe Bridgewater Bancshares is more favorable than First Mid Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Mid Bancshares
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Bridgewater Bancshares
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80

First Mid Bancshares has higher revenue and earnings than Bridgewater Bancshares. Bridgewater Bancshares is trading at a lower price-to-earnings ratio than First Mid Bancshares, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Mid Bancshares$466.04M2.91$91.75M$4.0312.66
Bridgewater Bancshares$161.17M3.70$46.09M$1.8411.63

First Mid Bancshares has a net margin of 19.76% compared to Bridgewater Bancshares' net margin of 18.38%. Bridgewater Bancshares' return on equity of 11.21% beat First Mid Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
First Mid Bancshares19.76% 10.86% 1.29%
Bridgewater Bancshares 18.38%11.21%0.95%

47.6% of First Mid Bancshares shares are held by institutional investors. Comparatively, 65.8% of Bridgewater Bancshares shares are held by institutional investors. 6.0% of First Mid Bancshares shares are held by insiders. Comparatively, 23.1% of Bridgewater Bancshares shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

First Mid Bancshares and Bridgewater Bancshares tied by winning 8 of the 16 factors compared between the two stocks.

How does Bridgewater Bancshares compare to First Merchants?

First Merchants (NASDAQ:FRME) and Bridgewater Bancshares (NASDAQ:BWB) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, profitability, analyst recommendations, dividends, institutional ownership, media sentiment, valuation and risk.

First Merchants has higher revenue and earnings than Bridgewater Bancshares. Bridgewater Bancshares is trading at a lower price-to-earnings ratio than First Merchants, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$1.05B2.48$226M$3.1213.30
Bridgewater Bancshares$161.17M3.70$46.09M$1.8411.63

Bridgewater Bancshares has a net margin of 18.38% compared to First Merchants' net margin of 17.05%. Bridgewater Bancshares' return on equity of 11.21% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.05% 8.86% 1.12%
Bridgewater Bancshares 18.38%11.21%0.95%

First Merchants presently has a consensus price target of $49.00, suggesting a potential upside of 18.04%. Bridgewater Bancshares has a consensus price target of $23.67, suggesting a potential upside of 10.64%. Given First Merchants' higher possible upside, equities research analysts plainly believe First Merchants is more favorable than Bridgewater Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Bridgewater Bancshares
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80

First Merchants has a beta of 0.84, suggesting that its stock price is 16% less volatile than the broader market. Comparatively, Bridgewater Bancshares has a beta of 0.58, suggesting that its stock price is 42% less volatile than the broader market.

In the previous week, Bridgewater Bancshares had 3 more articles in the media than First Merchants. MarketBeat recorded 5 mentions for Bridgewater Bancshares and 2 mentions for First Merchants. First Merchants' average media sentiment score of 1.45 beat Bridgewater Bancshares' score of 1.04 indicating that First Merchants is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Merchants
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bridgewater Bancshares
3 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

73.9% of First Merchants shares are owned by institutional investors. Comparatively, 65.8% of Bridgewater Bancshares shares are owned by institutional investors. 1.8% of First Merchants shares are owned by insiders. Comparatively, 23.1% of Bridgewater Bancshares shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Summary

First Merchants beats Bridgewater Bancshares on 9 of the 16 factors compared between the two stocks.

How does Bridgewater Bancshares compare to Independent Bank?

Bridgewater Bancshares (NASDAQ:BWB) and Independent Bank (NASDAQ:IBCP) are both small-cap finance companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, earnings, valuation, media sentiment, analyst recommendations, risk, institutional ownership and dividends.

65.8% of Bridgewater Bancshares shares are owned by institutional investors. Comparatively, 79.4% of Independent Bank shares are owned by institutional investors. 23.1% of Bridgewater Bancshares shares are owned by company insiders. Comparatively, 5.9% of Independent Bank shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Bridgewater Bancshares presently has a consensus price target of $23.67, suggesting a potential upside of 10.64%. Independent Bank has a consensus price target of $39.50, suggesting a potential upside of 6.21%. Given Bridgewater Bancshares' stronger consensus rating and higher probable upside, equities analysts plainly believe Bridgewater Bancshares is more favorable than Independent Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bridgewater Bancshares
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80
Independent Bank
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

Bridgewater Bancshares has a beta of 0.58, suggesting that its share price is 42% less volatile than the broader market. Comparatively, Independent Bank has a beta of 0.7, suggesting that its share price is 30% less volatile than the broader market.

Independent Bank has a net margin of 22.32% compared to Bridgewater Bancshares' net margin of 18.38%. Independent Bank's return on equity of 14.12% beat Bridgewater Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
Bridgewater Bancshares18.38% 11.21% 0.95%
Independent Bank 22.32%14.12%1.29%

Independent Bank has higher revenue and earnings than Bridgewater Bancshares. Independent Bank is trading at a lower price-to-earnings ratio than Bridgewater Bancshares, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bridgewater Bancshares$161.17M3.70$46.09M$1.8411.63
Independent Bank$315.38M2.62$68.54M$3.4410.81

In the previous week, Bridgewater Bancshares had 4 more articles in the media than Independent Bank. MarketBeat recorded 5 mentions for Bridgewater Bancshares and 1 mentions for Independent Bank. Independent Bank's average media sentiment score of 1.87 beat Bridgewater Bancshares' score of 1.04 indicating that Independent Bank is being referred to more favorably in the news media.

Company Overall Sentiment
Bridgewater Bancshares Positive
Independent Bank Very Positive

Summary

Independent Bank beats Bridgewater Bancshares on 9 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding BWB and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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BWB vs. The Competition

MetricBridgewater BancsharesBanks IndustryFinance SectorNASDAQ Exchange
Market Cap$596.44M$24.00B$14.09B$14.30B
Dividend YieldN/A3.16%5.95%11.70%
P/E Ratio11.6327.1525.5425.37
Price / Sales3.709.50512.9987.69
Price / Cash14.1816.1230.3034.96
Price / Book1.321.382.756.24
Net Income$46.09M$2.58B$1.32B$358.08M
7 Day Performance-0.09%-0.10%-0.63%-0.70%
1 Month Performance-3.78%-0.36%-0.37%-2.76%
1 Year Performance27.85%23.45%9.98%6.72%

Bridgewater Bancshares Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BWB
Bridgewater Bancshares
3.7431 of 5 stars
$21.39
flat
$23.67
+10.6%
+28.5%$596.44M$161.17M11.63355
BUSE
First Busey
3.6725 of 5 stars
$29.90
-0.7%
$32.00
+7.0%
+24.1%$2.49B$1.04B12.361,948
CNOB
ConnectOne Bancorp
3.7794 of 5 stars
$30.84
-1.9%
$35.00
+13.5%
+26.9%$1.58B$679.93M10.11520
FMBH
First Mid Bancshares
3.3408 of 5 stars
$49.79
+0.1%
$54.63
+9.7%
+29.5%$1.32B$466.04M12.351,170
FRME
First Merchants
4.6828 of 5 stars
$40.91
-1.4%
$49.00
+19.8%
+3.7%$2.60B$1.05B13.112,086

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This page (NASDAQ:BWB) was last updated on 9/15/2026 by MarketBeat.com Staff.
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