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Bridgewater Bancshares (BWB) Competitors

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$20.71 0.00 (0.00%)
Closing price 10/2/2026 04:00 PM Eastern
Extended Trading
$20.71 0.00 (0.00%)
As of 10/2/2026 07:30 PM Eastern
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BWB vs. BUSE, CNOB, FMBH, FRME, and MBWM

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 Mercantile Bank (MBWM). 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?

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

Bridgewater Bancshares presently has a consensus target price of $23.67, suggesting a potential upside of 14.28%. First Busey has a consensus target price of $31.00, suggesting a potential upside of 4.27%. Given Bridgewater Bancshares' stronger consensus rating and higher possible upside, analysts clearly believe Bridgewater Bancshares is more favorable than First Busey.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bridgewater Bancshares
0 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
3.00
First Busey
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43

Bridgewater Bancshares has a beta of 0.63, indicating that its share price is 37% less volatile than the broader market. Comparatively, First Busey has a beta of 0.75, indicating that its share price is 25% less volatile than the broader market.

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
Bridgewater Bancshares$292.76M1.97$46.09M$1.8411.26
First Busey$1.04B2.35$135.26M$2.4212.29

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
Bridgewater Bancshares18.38% 11.21% 0.95%
First Busey 21.00%10.48%1.40%

In the previous week, First Busey had 2 more articles in the media than Bridgewater Bancshares. MarketBeat recorded 3 mentions for First Busey and 1 mentions for Bridgewater Bancshares. First Busey's average media sentiment score of 0.59 beat Bridgewater Bancshares' score of 0.00 indicating that First Busey is being referred to more favorably in the news media.

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

65.8% of Bridgewater Bancshares shares are owned by institutional investors. Comparatively, 56.5% of First Busey shares are owned by institutional investors. 23.1% of Bridgewater Bancshares shares are owned by insiders. Comparatively, 3.8% of First Busey shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Summary

First Busey beats Bridgewater Bancshares on 10 of the 16 factors compared between the two stocks.

How does Bridgewater Bancshares compare to ConnectOne Bancorp?

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

In the previous week, ConnectOne Bancorp and ConnectOne Bancorp both had 1 articles in the media. ConnectOne Bancorp's average media sentiment score of 0.00 equaled Bridgewater Bancshares'average media sentiment score.

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

ConnectOne Bancorp presently has a consensus price target of $35.00, indicating a potential upside of 13.71%. Bridgewater Bancshares has a consensus price target of $23.67, indicating a potential upside of 14.28%. Given Bridgewater Bancshares' stronger consensus rating and higher possible upside, analysts plainly believe Bridgewater Bancshares is more favorable than ConnectOne Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ConnectOne Bancorp
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80
Bridgewater Bancshares
0 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
3.00

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
ConnectOne Bancorp$679.93M2.28$80.44M$3.0510.09
Bridgewater Bancshares$292.76M1.97$46.09M$1.8411.26

ConnectOne Bancorp has a beta of 1.08, meaning that its share price is 8% more volatile than the broader market. Comparatively, Bridgewater Bancshares has a beta of 0.63, meaning that its share price is 37% less volatile than the broader market.

67.7% of ConnectOne Bancorp shares are owned by institutional investors. Comparatively, 65.8% of Bridgewater Bancshares shares are owned by institutional investors. 5.2% of ConnectOne Bancorp shares are owned by company insiders. Comparatively, 23.1% of Bridgewater Bancshares shares are owned by company 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.

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
ConnectOne Bancorp20.21% 11.24% 1.17%
Bridgewater Bancshares 18.38%11.21%0.95%

Summary

ConnectOne Bancorp beats Bridgewater Bancshares on 9 of the 13 factors compared between the two stocks.

How does Bridgewater Bancshares compare to First Mid Bancshares?

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

In the previous week, First Mid Bancshares had 2 more articles in the media than Bridgewater Bancshares. MarketBeat recorded 3 mentions for First Mid Bancshares and 1 mentions for Bridgewater Bancshares. First Mid Bancshares' average media sentiment score of 0.85 beat Bridgewater Bancshares' score of 0.00 indicating that First Mid Bancshares is being referred to more favorably in the news media.

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

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
Bridgewater Bancshares18.38% 11.21% 0.95%
First Mid Bancshares 19.76%10.86%1.29%

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
Bridgewater Bancshares$292.76M1.97$46.09M$1.8411.26
First Mid Bancshares$466.04M2.85$91.75M$4.0312.40

Bridgewater Bancshares presently has a consensus price target of $23.67, indicating a potential upside of 14.28%. First Mid Bancshares has a consensus price target of $54.63, indicating a potential upside of 9.29%. Given Bridgewater Bancshares' stronger consensus rating and higher probable upside, equities research analysts plainly believe Bridgewater Bancshares is more favorable than First Mid Bancshares.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bridgewater Bancshares
0 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
3.00
First Mid Bancshares
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

Bridgewater Bancshares has a beta of 0.63, meaning that its stock price is 37% less volatile than the broader market. Comparatively, First Mid Bancshares has a beta of 0.8, meaning that its stock price is 20% less volatile than the broader market.

65.8% of Bridgewater Bancshares shares are owned by institutional investors. Comparatively, 47.6% of First Mid Bancshares shares are owned by institutional investors. 23.1% of Bridgewater Bancshares shares are owned by company insiders. Comparatively, 6.0% of First Mid Bancshares shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

First Mid Bancshares beats Bridgewater Bancshares on 10 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 business? We will compare the two companies based on the strength of their profitability, media sentiment, dividends, risk, analyst recommendations, institutional ownership, valuation and earnings.

In the previous week, First Merchants had 4 more articles in the media than Bridgewater Bancshares. MarketBeat recorded 5 mentions for First Merchants and 1 mentions for Bridgewater Bancshares. First Merchants' average media sentiment score of 0.22 beat Bridgewater Bancshares' score of 0.00 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
0 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bridgewater Bancshares
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

73.9% of First Merchants shares are held by institutional investors. Comparatively, 65.8% of Bridgewater Bancshares shares are held by institutional investors. 1.8% of First Merchants shares are held by insiders. Comparatively, 23.1% of Bridgewater Bancshares shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

First Merchants currently has a consensus target price of $51.00, suggesting a potential upside of 27.02%. Bridgewater Bancshares has a consensus target price of $23.67, suggesting a potential upside of 14.28%. Given First Merchants' higher possible upside, equities 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)
2 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.50
Bridgewater Bancshares
0 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
3.00

First Merchants has a beta of 0.87, suggesting that its stock price is 13% less volatile than the broader market. Comparatively, Bridgewater Bancshares has a beta of 0.63, suggesting that its stock price is 37% less volatile than the broader market.

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$1.05B2.40$226M$3.1212.87
Bridgewater Bancshares$292.76M1.97$46.09M$1.8411.26

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%

Summary

First Merchants beats Bridgewater Bancshares on 11 of the 16 factors compared between the two stocks.

How does Bridgewater Bancshares compare to Mercantile Bank?

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

In the previous week, Mercantile Bank had 1 more articles in the media than Bridgewater Bancshares. MarketBeat recorded 2 mentions for Mercantile Bank and 1 mentions for Bridgewater Bancshares. Mercantile Bank's average media sentiment score of 0.98 beat Bridgewater Bancshares' score of 0.00 indicating that Mercantile Bank is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bridgewater Bancshares
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Mercantile Bank
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bridgewater Bancshares has a beta of 0.63, suggesting that its stock price is 37% less volatile than the broader market. Comparatively, Mercantile Bank has a beta of 0.83, suggesting that its stock price is 17% less volatile than the broader market.

Mercantile Bank has a net margin of 24.75% compared to Bridgewater Bancshares' net margin of 18.38%. Mercantile Bank's return on equity of 13.66% beat Bridgewater Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
Bridgewater Bancshares18.38% 11.21% 0.95%
Mercantile Bank 24.75%13.66%1.46%

Bridgewater Bancshares currently has a consensus target price of $23.67, indicating a potential upside of 14.28%. Mercantile Bank has a consensus target price of $62.00, indicating a potential upside of 4.20%. Given Bridgewater Bancshares' stronger consensus rating and higher probable upside, research analysts clearly believe Bridgewater Bancshares is more favorable than Mercantile Bank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bridgewater Bancshares
0 Sell rating(s)
0 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
3.00
Mercantile Bank
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50

Mercantile Bank has higher revenue and earnings than Bridgewater Bancshares. Mercantile 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$292.76M1.97$46.09M$1.8411.26
Mercantile Bank$371.80M2.77$88.75M$5.6810.48

65.8% of Bridgewater Bancshares shares are owned by institutional investors. Comparatively, 58.6% of Mercantile Bank shares are owned by institutional investors. 23.1% of Bridgewater Bancshares shares are owned by company insiders. Comparatively, 2.5% of Mercantile Bank shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Summary

Mercantile Bank beats Bridgewater Bancshares on 10 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$577.40M$22.64B$13.31B$13.26B
Dividend YieldN/A3.12%6.04%17.33%
P/E Ratio11.2625.4024.4026.04
Price / Sales1.979.00509.3491.95
Price / Cash13.7314.8929.4634.69
Price / Book1.281.342.706.34
Net Income$46.09M$2.58B$1.31B$381.61M
7 Day Performance0.39%-0.56%-0.46%-0.73%
1 Month Performance-5.22%-2.84%-3.22%-4.68%
1 Year Performance20.13%21.00%10.48%1.58%

Bridgewater Bancshares Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BWB
Bridgewater Bancshares
3.4575 of 5 stars
$20.71
flat
$23.67
+14.3%
+20.1%$577.40M$292.76M11.26355
BUSE
First Busey
3.1453 of 5 stars
$29.71
-0.8%
$32.00
+7.7%
+28.3%$2.47B$1.04B12.281,948
CNOB
ConnectOne Bancorp
2.735 of 5 stars
$31.20
-1.0%
$35.00
+12.2%
+20.9%$1.59B$679.93M10.23756
FMBH
First Mid Bancshares
3.8568 of 5 stars
$49.21
-0.9%
$54.63
+11.0%
+33.4%$1.32B$466.04M12.211,170
FRME
First Merchants
4.4098 of 5 stars
$40.65
-0.6%
$49.00
+20.5%
+5.7%$2.57B$1.05B13.032,086

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This page (NASDAQ:BWB) was last updated on 10/5/2026 by MarketBeat.com Staff.
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