Bridgewater Bancshares Inc (NASDAQ:BWB) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $14.75 for the company and are predicting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given Bridgewater Bancshares an industry rank of 206 out of 255 based on the ratings given to related companies.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Bridgewater Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. B. Riley assumed coverage on Bridgewater Bancshares in a research note on Friday, March 15th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, ValuEngine downgraded Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 1st.
BWB stock opened at $10.68 on Thursday. Bridgewater Bancshares has a 12-month low of $9.30 and a 12-month high of $13.56. The company has a market cap of $321.44 million and a P/E ratio of 11.74. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.67.
Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, January 24th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Bridgewater Bancshares had a return on equity of 12.87% and a net margin of 30.67%. The business had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $17.60 million. Sell-side analysts expect that Bridgewater Bancshares will post 1.05 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in BWB. Rhumbline Advisers acquired a new position in Bridgewater Bancshares in the 4th quarter worth about $295,000. FMR LLC increased its position in Bridgewater Bancshares by 14.5% in the 3rd quarter. FMR LLC now owns 1,494,135 shares of the company’s stock worth $19,454,000 after purchasing an additional 189,740 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in Bridgewater Bancshares by 0.7% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 728,202 shares of the company’s stock worth $7,683,000 after purchasing an additional 5,306 shares during the last quarter. AdvisorNet Financial Inc acquired a new position in Bridgewater Bancshares in the 4th quarter worth about $384,000. Finally, Acadian Asset Management LLC increased its position in Bridgewater Bancshares by 57.9% in the 4th quarter. Acadian Asset Management LLC now owns 29,467 shares of the company’s stock worth $310,000 after purchasing an additional 10,805 shares during the last quarter. 41.17% of the stock is owned by hedge funds and other institutional investors.
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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