Bridgewater Bancshares Inc (NASDAQ:BWB) Receives Average Rating of “Strong Buy” from Analysts

Bridgewater Bancshares Inc (NASDAQ:BWB) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price objective of $14.50 for the company and are anticipating that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bridgewater Bancshares an industry rank of 186 out of 256 based on the ratings given to related companies.

Several brokerages have issued reports on BWB. TheStreet upgraded shares of Bridgewater Bancshares from a “d+” rating to a “c-” rating in a research note on Monday, June 10th. Zacks Investment Research upgraded shares of Bridgewater Bancshares from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research note on Monday, July 29th. Finally, DA Davidson reiterated a “buy” rating on shares of Bridgewater Bancshares in a research note on Friday, July 26th.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Bridgewater Bancshares by 4.4% in the 2nd quarter. BlackRock Inc. now owns 1,316,550 shares of the company’s stock valued at $15,194,000 after acquiring an additional 54,928 shares during the period. Vanguard Group Inc. grew its position in shares of Bridgewater Bancshares by 23.7% in the 2nd quarter. Vanguard Group Inc. now owns 945,321 shares of the company’s stock valued at $10,909,000 after acquiring an additional 180,929 shares during the period. GW&K Investment Management LLC bought a new position in shares of Bridgewater Bancshares in the 2nd quarter valued at about $4,551,000. Banc Funds Co. LLC grew its position in shares of Bridgewater Bancshares by 49.1% in the 2nd quarter. Banc Funds Co. LLC now owns 266,652 shares of the company’s stock valued at $3,077,000 after acquiring an additional 87,800 shares during the period. Finally, Northern Trust Corp grew its position in shares of Bridgewater Bancshares by 4.5% in the 2nd quarter. Northern Trust Corp now owns 222,152 shares of the company’s stock valued at $2,563,000 after acquiring an additional 9,554 shares during the period. Hedge funds and other institutional investors own 44.92% of the company’s stock.

BWB stock traded up $0.18 during midday trading on Friday, hitting $12.14. The company’s stock had a trading volume of 649,312 shares, compared to its average volume of 134,916. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.07 and a quick ratio of 1.07. Bridgewater Bancshares has a twelve month low of $9.30 and a twelve month high of $13.50. The company’s fifty day moving average price is $11.48 and its 200 day moving average price is $11.14. The stock has a market capitalization of $344.71 million, a P/E ratio of 13.34, a PEG ratio of 0.78 and a beta of 0.96.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Bridgewater Bancshares had a net margin of 29.44% and a return on equity of 13.11%. The firm had revenue of $19.27 million for the quarter, compared to analyst estimates of $18.55 million. Equities analysts expect that Bridgewater Bancshares will post 1.02 EPS for the current fiscal year.

Bridgewater Bancshares Company Profile

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. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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