Bridgewater Bancshares (BWB)
Market Price (12/24/2025): $18.13 | Market Cap: $498.7 MilSector: Financials | Industry: Regional Banks
Bridgewater Bancshares (BWB)
Market Price (12/24/2025): $18.13Market Cap: $498.7 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 9.7% | Trading close to highsDist 52W High is -3.7%, Dist 3Y High is -3.7% | Key risksBWB key risks include [1] a heavy concentration in commercial real estate loans, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26% | Weak multi-year price returns3Y Excs Rtn is -76% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37% | ||
| Low stock price volatilityVol 12M is 31% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.0%, FCF Yield is 9.7% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37% |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Trading close to highsDist 52W High is -3.7%, Dist 3Y High is -3.7% |
| Weak multi-year price returns3Y Excs Rtn is -76% |
| Key risksBWB key risks include [1] a heavy concentration in commercial real estate loans, Show more. |
Why The Stock Moved
Qualitative Assessment
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Here are the key points for why Bridgewater Bancshares (BWB) stock moved by 10.9% between August 31, 2025, and December 24, 2025: **1. Solid Underlying Q3 Financial Performance Despite EPS Miss.** Bridgewater Bancshares announced its Q3 2025 financial results, reporting adjusted earnings per share of $0.39 and revenue of $36.2 million, both slightly below analyst forecasts of $0.40 and $36.8 million, respectively. Following this announcement, shares initially fell by 6.97%. However, the company also highlighted strong underlying performance, including a $1.6 million (5.1%) increase in net interest income, 6.6% annualized growth in gross loans, and an 11.5% annualized increase in core deposits. These positive operational metrics likely reassured investors and contributed to a subsequent rebound and upward trend in the stock.**2. Positive Analyst Coverage and Price Targets.** Throughout the period, analysts maintained a positive outlook on BWB. On October 22, 2025, DA Davidson set a price target of $21.00, suggesting a potential 17.71% upside. Later, on December 10, 2025, Stephens initiated coverage with an "equal weight" rating and a $20.00 price target. The consensus among Wall Street analysts was a "Hold" rating with an average price target of $20.33, indicating a forecasted upside of 10.69% from the price on December 10, 2025. This sustained positive sentiment from financial professionals likely bolstered investor confidence.
**3. Achievement of a New 52-Week High.** The stock demonstrated significant positive momentum by reaching a new 52-week high of $19.00 on December 15, 2025. This milestone is often a strong indicator of robust investor interest and positive market sentiment, suggesting that the market viewed Bridgewater Bancshares favorably and expected continued growth.
**4. Strategic Executive and Board Appointments.** On August 19, 2025, Bridgewater Bancshares announced executive leadership transitions and the appointment of Mary Jayne Crocker to its Board of Directors. Such strategic changes in leadership and governance are often perceived positively by the market, indicating efforts to strengthen the company's direction and oversight, which can contribute to investor confidence.
**5. Participation in Investor Conferences.** Bridgewater Bancshares presented at the 16th Annual Midwest IDEAS Investor Conference on August 27, 2025. Participation in such conferences provides a platform for the company to communicate its strategies, financial health, and future outlook directly to a broad audience of institutional and individual investors. This increased visibility and transparency can lead to greater investor interest and potentially influence stock performance positively. Show more
Stock Movement Drivers
Fundamental Drivers
The 4.8% change in BWB stock from 9/23/2025 to 12/23/2025 was primarily driven by a 7.4% change in the company's Total Revenues ($ Mil).| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 17.32 | 18.16 | 4.85% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 123.36 | 132.46 | 7.38% |
| Net Income Margin (%) | 30.83% | 30.92% | 0.29% |
| P/E Multiple | 12.51 | 12.20 | -2.48% |
| Shares Outstanding (Mil) | 27.46 | 27.50 | -0.16% |
| Cumulative Contribution | 4.85% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| BWB | 4.8% | |
| Market (SPY) | 3.7% | 34.0% |
| Sector (XLF) | 3.1% | 58.8% |
Fundamental Drivers
The 14.6% change in BWB stock from 6/24/2025 to 12/23/2025 was primarily driven by a 16.3% change in the company's Total Revenues ($ Mil).| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.85 | 18.16 | 14.57% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 113.88 | 132.46 | 16.31% |
| Net Income Margin (%) | 30.41% | 30.92% | 1.69% |
| P/E Multiple | 12.62 | 12.20 | -3.36% |
| Shares Outstanding (Mil) | 27.57 | 27.50 | 0.23% |
| Cumulative Contribution | 14.57% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| BWB | 14.6% | |
| Market (SPY) | 13.7% | 41.3% |
| Sector (XLF) | 7.8% | 57.6% |
Fundamental Drivers
The 32.3% change in BWB stock from 12/23/2024 to 12/23/2025 was primarily driven by a 26.4% change in the company's Total Revenues ($ Mil).| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 13.73 | 18.16 | 32.27% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 104.82 | 132.46 | 26.37% |
| Net Income Margin (%) | 31.96% | 30.92% | -3.24% |
| P/E Multiple | 11.22 | 12.20 | 8.64% |
| Shares Outstanding (Mil) | 27.38 | 27.50 | -0.45% |
| Cumulative Contribution | 32.26% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| BWB | 32.3% | |
| Market (SPY) | 16.7% | 48.9% |
| Sector (XLF) | 15.7% | 61.0% |
Fundamental Drivers
The 2.2% change in BWB stock from 12/24/2022 to 12/23/2025 was primarily driven by a 30.1% change in the company's P/E Multiple.| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 17.77 | 18.16 | 2.19% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 131.84 | 132.46 | 0.47% |
| Net Income Margin (%) | 39.57% | 30.92% | -21.86% |
| P/E Multiple | 9.37 | 12.20 | 30.10% |
| Shares Outstanding (Mil) | 27.52 | 27.50 | 0.06% |
| Cumulative Contribution | 2.19% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| BWB | 51.0% | |
| Market (SPY) | 48.4% | 41.3% |
| Sector (XLF) | 52.3% | 56.4% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BWB Return | -9% | 42% | 0% | -24% | -0% | 34% | 32% |
| Peers Return | -11% | 24% | 6% | -7% | 10% | 6% | 27% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| BWB Win Rate | 50% | 83% | 42% | 42% | 50% | 67% | |
| Peers Win Rate | 47% | 65% | 48% | 43% | 47% | 50% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| BWB Max Drawdown | -40% | -1% | -15% | -54% | -20% | -9% | |
| Peers Max Drawdown | -44% | -1% | -15% | -37% | -13% | -17% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: ASB, CBSH, FRME, BUSE, TCBK. See BWB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | BWB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -59.5% | -25.4% |
| % Gain to Breakeven | 146.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -39.8% | -33.9% |
| % Gain to Breakeven | 66.1% | 51.3% |
| Time to Breakeven | 316 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.9% | -19.8% |
| % Gain to Breakeven | 36.9% | 24.7% |
| Time to Breakeven | 357 days | 120 days |
Compare to SMBC, HBCP, WSBF, CBC, CBK
In The Past
Bridgewater Bancshares's stock fell -59.5% during the 2022 Inflation Shock from a high on 11/10/2022. A -59.5% loss requires a 146.8% gain to breakeven.
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Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit. It also provides commercial loans to sole proprietorships, partnerships, corporations, and other business enterprises to finance accounts receivable or inventory, capital assets, or other business-related purposes; paycheck protection program loans; construction and land development loans; 1-4 family mortgage loans; multifamily lending products; owner and non-owner occupied commercial real estate loans; and consumer and other loans. In addition, the company online, mobile, and direct banking services. It operates through seven full-service offices located in Bloomington, Greenwood, Minneapolis, St. Louis Park, Orono, and St. Paul, Minnesota. The company was incorporated in 2005 and is headquartered in Saint Louis Park, Minnesota.
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Bridgewater Bancshares is like **PNC for Minnesota businesses**.
Bridgewater Bancshares is like **KeyBank for commercial real estate in the Twin Cities**.
Bridgewater Bancshares is like **a boutique U.S. Bank**, focused on businesses and high-net-worth clients.
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- Commercial & Industrial Lending: Providing loans to businesses for operational expenses, equipment purchases, and other growth initiatives.
- Commercial Real Estate Lending: Offering financing for the acquisition, construction, development, and refinancing of commercial properties.
- Deposit Accounts: Managing a range of checking, savings, money market, and certificate of deposit accounts for both businesses and individuals.
- Treasury Management Services: Delivering solutions to businesses for efficient cash flow management, payment processing, and financial operations.
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Bridgewater Bancshares (symbol: BWB) is a bank holding company for Bridgewater Bank. As a financial institution, it serves a diverse customer base consisting of both businesses and individuals. Unlike companies that sell specific products to a few large corporate buyers, banks serve numerous clients across various segments. Therefore, its "major customers" are best understood as categories of clients rather than specific named companies.
The primary customer categories for Bridgewater Bancshares include:
- Commercial Real Estate (CRE) Investors and Developers: This category includes businesses and individuals who seek financing for the acquisition, development, and refinancing of income-producing commercial properties, such as multi-family, office, retail, and industrial spaces. This is a significant focus for Bridgewater Bank.
- Small to Medium-sized Businesses (SMBs) and Commercial & Industrial (C&I) Clients: This segment comprises local and regional businesses across various industries that require commercial loans, lines of credit, equipment financing, and treasury management services to support their operations and growth.
- High-Net-Worth Individuals and Families: While Bridgewater Bank provides services to general retail clients, it often emphasizes attracting more affluent individuals and families for deposits, specialized lending solutions (e.g., jumbo mortgages), and private banking services, leveraging relationships often developed through its commercial banking activities.
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Fiserv, Inc. (FISV)
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Jerry Baack, Chairman of the Board and Chief Executive Officer
Jerry Baack is the principal founder of Bridgewater Bancshares, Inc. and Bridgewater Bank, both established in 2005. He was responsible for all aspects of the bank's formation, including the initial capital raise, business plan development, and the recruitment of the board and management team. With a career spanning over 30 years in banking and prior experience as a regulator, he previously served as Executive Vice President, Chief Lending Officer, and Director at Commerce Bank, and held various positions at Hampton Bank, Beacon Bank, and the Federal Deposit Insurance Corporation. He holds an undergraduate degree from Minnesota State University-Mankato and is an alumnus of the Graduate School of Banking at Colorado, Boulder.
Joe Chybowski, President and Chief Financial Officer
Joe Chybowski joined Bridgewater Bank in 2013 and currently serves as Chief Financial Officer, having been named President in 2024. In his role, he is responsible for directing and managing all financial-related activities, including accounting, regulatory reporting, liquidity management, investment strategies, insurance, and capital development. He was recognized as a '40 Under 40' honoree by the Minneapolis/St. Paul Business Journal in 2024 and as one of the Notable Chief Financial Officers by Twin Cities Business in 2022.
Mary Jayne Crocker, Executive Vice President and Chief Strategy Officer
Mary Jayne Crocker has been with Bridgewater Bank since its inception in 2005. She has held various roles, including Chief Operating Officer from 2014 to 2024, before being appointed Executive Vice President and Chief Strategy Officer in 2024. She has over 30 years of experience in the financial services industry and was instrumental in building the Bridgewater Bank brand, creating the branch network, and developing its culture.
Nick Place, Chief Banking Officer
Nick Place joined Bridgewater Bank in 2007 and serves as Chief Banking Officer. In this role, he oversees all aspects of client growth and relationship management, including lending, treasury management, deposit services, and marketing. He previously served as the bank's Chief Lending Officer, leading the lending team and managing the loan portfolio. Nick also serves on the boards of Rethos Places Reimagined and Minnesota Housing Partnership.
Katie Morrell, Chief Credit Officer
Katie Morrell joined Bridgewater Bank in 2020 and was appointed Chief Credit Officer after previously serving as Deputy Chief Credit Officer. She is responsible for overseeing all aspects of the bank's credit risk management and chairs the loan and credit risk management committees. Katie brings over 18 years of experience in financial services, credit risk management, and strategic leadership.
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The key risks to Bridgewater Bancshares' (BWB) business are primarily concentrated in its loan portfolio and sensitivity to interest rate fluctuations.
- Concentration in Commercial Real Estate and Housing Market Exposure: Bridgewater Bancshares has a notable vulnerability due to its substantial credit concentration in commercial real estate (CRE) loans and its exposure to the broader housing market. Concerns include significant commercial real estate loan reserves and the potential impact of a softening housing market. While its asset quality has generally been strong, a slowdown in property sales or weakness in local commercial real estate could disproportionately affect the bank compared to more diversified institutions.
- Reliance on Federal Reserve Rate Cuts and Net Interest Margin (NIM) Compression: The company's profitability and ability to achieve long-term growth targets are closely tied to the Federal Reserve's interest rate policy. There is a risk that if the Fed delays anticipated rate reductions or if inflation persists, it could amplify the bank's vulnerabilities. Furthermore, the bank faces the risk of net interest margin (NIM) compression if deposit costs remain high while loan yields decline.
- Concentration Risk and High Loan-to-Deposit Ratio: Bridgewater Bancshares faces concentration risk with its top 10 borrowers accounting for approximately 18% of its loans and its top 10 depositors representing about 17% of its deposits. Additionally, a high loan-to-deposit ratio of 103% has been identified as a concern, as it could limit the bank's reserves in the event of defaults or delinquencies, impacting its liquidity position.
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- The proliferation and increasing market share of digital-only challenger banks (neobanks) which offer competitive interest rates, lower fees, and superior mobile-first user experiences, directly threatening Bridgewater Bancshares' ability to attract and retain retail and small business deposits and checking accounts.
- The growth of specialized online lenders and fintech platforms that disintermediate traditional banks in key lending segments (e.g., mortgages, personal loans, small business loans) by offering streamlined application processes, faster approvals, and potentially more competitive rates, thereby eroding Bridgewater Bancshares' loan origination volume and interest income.
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Bridgewater Bancshares (BWB) operates as a full-service commercial bank. Its main products and services primarily cater to businesses, real estate investors, and individuals within the United States, particularly in the Twin Cities metropolitan area of Minnesota.
The addressable markets for its main products and services are as follows:
- Commercial Banking: The US Commercial Banking Market is expected to reach approximately USD 732.5 billion in 2025. This market is for the United States.
- Residential Mortgages: The outstanding balances for the residential mortgage market in the United States of America attained a value of approximately USD 12.85 trillion in 2023. This market is for the United States.
- Commercial Real Estate Lending: Commercial real estate debt in the U.S. totaled approximately USD 5.62 trillion in 2022. This market is for the United States.
- Personal (Retail) Banking: The United States retail banking market is valued at approximately USD 0.87 trillion in 2025 and is forecasted to reach USD 1.08 trillion by 2030. This market is for the United States.
- Deposit Services: Total bank deposits (excluding large time deposits) in the United States stood at approximately USD 15 trillion as of May 2025. This market is for the United States.
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Bridgewater Bancshares (symbol: BWB) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:
- Strong Loan Growth, Including Affordable Housing: Bridgewater Bancshares expects continued robust loan growth, projecting mid-to-high single-digit increases. A significant contributor to this growth is the expansion of its national affordable housing vertical, an area where the bank has developed specialized expertise. In the third quarter of 2025, loan balances increased by 6.6% annualized, and the bank's multifamily portfolio, including $611 million in affordable housing, is a key asset. Management continues to see growth across multiple asset classes.
- Net Interest Margin (NIM) Expansion: The company anticipates meaningful net interest margin expansion in the coming quarters, targeting a 3% margin by early 2027. This expansion is expected to be driven by favorable interest rate cuts and the repricing of asset yields. In Q3 2025, BWB saw a 1 basis point NIM expansion to 2.63% and an increase in net interest income.
- Core Deposit Growth: Consistent growth in core deposits is crucial for funding loan growth and improving profitability. Bridgewater Bancshares has demonstrated strong core deposit momentum, with core deposits growing 11.5% annualized in Q3 2025 and 7.4% annualized year-to-date. This growth provides the ability to expand the bank in a more profitable manner.
- Strategic Market Share Expansion and M&A Opportunities in the Twin Cities: Bridgewater Bancshares continues to benefit from merger and acquisition disruptions in the Twin Cities market. This environment provides significant opportunities for both deposit and loan growth, aiding in market share expansion and contributing to the bank's trajectory toward becoming a $10 billion bank by 2030. The company's focus is on driving net interest income growth, which will come from both margin expansion and a stronger loan growth outlook.
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<p><b>Share Repurchases</b></p>
<ul>
<li>In October 2020, Bridgewater Bancshares increased its existing stock repurchase program by $15 million, raising the total authorization to $40 million, and extended the program until October 27, 2022. Approximately $17.6 million remained authorized for repurchase as of October 28, 2020.</li>
<li>In August 2022, a new stock repurchase program was announced, authorizing the repurchase of up to $25 million worth of common stock, set to expire on August 16, 2024.</li>
<li>As of September 30, 2025, Bridgewater Bancshares had $13.1 million remaining under its current share repurchase authorization, which was extended to August 26, 2026.</li>
</ul>
<p><b>Outbound Investments</b></p>
<ul>
<li>Bridgewater Bancshares completed the acquisition of First Minnetonka City Bank in December 2024.</li>
<li>This acquisition was intended to enhance Bridgewater's strategic profile by adding a diversified deposit base and an investment advisory platform, alongside broadening its loan portfolio.</li>
</ul>Latest Trefis Analyses
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Trade Ideas
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| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 13.5% | 13.5% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.1% | 3.1% | -0.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.7% | -4.7% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 6.7% | 6.7% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -10.3% | -10.3% | -12.1% |
Research & Analysis
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Peer Comparisons for Bridgewater Bancshares
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.47 |
| Mkt Cap | 2.2 |
| Rev LTM | 642 |
| Op Inc LTM | - |
| FCF LTM | 173 |
| FCF 3Y Avg | 226 |
| CFO LTM | 207 |
| CFO 3Y Avg | 231 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.9% |
| Rev Chg 3Y Avg | 3.4% |
| Rev Chg Q | 13.1% |
| QoQ Delta Rev Chg LTM | 3.7% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 36.1% |
| CFO/Rev 3Y Avg | 33.8% |
| FCF/Rev LTM | 32.9% |
| FCF/Rev 3Y Avg | 32.2% |
Price Behavior
Price Behavior
| Market Price | $18.16 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 03/14/2018 | |
| Distance from 52W High | -3.7% | |
| 50 Days | 200 Days | |
| DMA Price | $17.33 | $15.90 |
| DMA Trend | up | up |
| Distance from DMA | 4.8% | 14.2% |
| 3M | 1YR | |
| Volatility | 31.2% | 30.8% |
| Downside Capture | 53.86 | 85.75 |
| Upside Capture | 66.88 | 100.27 |
| Correlation (SPY) | 34.2% | 48.8% |
BWB Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.81 | 0.92 | 1.00 | 1.29 | 0.80 | 0.94 |
| Up Beta | 0.54 | 1.46 | 1.34 | 1.72 | 0.44 | 0.71 |
| Down Beta | -0.28 | 1.32 | 1.09 | 1.18 | 1.04 | 0.94 |
| Up Capture | 153% | 54% | 92% | 126% | 102% | 86% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 10 | 20 | 32 | 67 | 129 | 366 |
| Down Capture | 77% | 69% | 82% | 116% | 98% | 105% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 21 | 30 | 54 | 114 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of BWB With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| BWB | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 27.2% | 18.1% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 30.8% | 19.0% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | 0.80 | 0.74 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 60.3% | 48.4% | -6.6% | 5.6% | 44.6% | 13.4% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of BWB With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| BWB | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 7.4% | 16.2% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 33.4% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.28 | 0.71 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 55.6% | 39.7% | -1.3% | 10.8% | 39.5% | 13.7% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of BWB With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| BWB | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 4.8% | 13.1% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 34.8% | 22.3% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.23 | 0.55 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 60.6% | 46.0% | -3.4% | 18.7% | 46.7% | 12.0% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2025 | -3.4% | -5.0% | -7.2% |
| 7/23/2025 | -0.1% | -2.1% | -2.2% |
| 4/23/2025 | 2.3% | 13.9% | 9.8% |
| 1/29/2025 | 3.8% | 6.6% | 5.8% |
| 10/23/2024 | -1.8% | -3.4% | -1.3% |
| 7/24/2024 | 5.0% | 0.1% | -5.3% |
| 4/24/2024 | -2.4% | -7.7% | -3.4% |
| 1/24/2024 | 0.9% | -9.0% | -12.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 12 | 11 |
| # Negative | 9 | 12 | 13 |
| Median Positive | 2.3% | 6.2% | 6.6% |
| Median Negative | -3.2% | -6.8% | -3.4% |
| Max Positive | 6.2% | 13.9% | 16.6% |
| Max Negative | -7.0% | -11.5% | -16.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10302025 | 10-Q 9/30/2025 |
| 6302025 | 7312025 | 10-Q 6/30/2025 |
| 3312025 | 5012025 | 10-Q 3/31/2025 |
| 12312024 | 3062025 | 10-K 12/31/2024 |
| 9302024 | 10312024 | 10-Q 9/30/2024 |
| 6302024 | 8012024 | 10-Q 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 3072024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5042023 | 10-Q 3/31/2023 |
| 12312022 | 3072023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 3082022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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