Wall Street brokerages expect Bridgewater Bancshares Inc (NASDAQ:BWB) to post $18.55 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Bridgewater Bancshares’ earnings, with the highest sales estimate coming in at $18.67 million and the lowest estimate coming in at $18.44 million. Bridgewater Bancshares reported sales of $16.38 million in the same quarter last year, which indicates a positive year-over-year growth rate of 13.2%. The business is expected to report its next quarterly earnings report on Thursday, July 25th.
According to Zacks, analysts expect that Bridgewater Bancshares will report full-year sales of $75.89 million for the current year, with estimates ranging from $74.84 million to $76.94 million. For the next fiscal year, analysts anticipate that the business will report sales of $87.08 million, with estimates ranging from $85.37 million to $88.79 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Bridgewater Bancshares.
Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The company had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $18.30 million. Bridgewater Bancshares had a net margin of 29.91% and a return on equity of 12.88%.
BWB has been the topic of a number of recent analyst reports. DA Davidson reiterated a “neutral” rating on shares of IDEX in a report on Friday, April 26th. Zacks Investment Research lowered Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Finally, TheStreet lowered Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.
Several institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its stake in shares of Bridgewater Bancshares by 392.7% during the 4th quarter. Legal & General Group Plc now owns 3,636 shares of the company’s stock valued at $38,000 after purchasing an additional 2,898 shares during the period. AlphaOne Investment Services LLC raised its stake in shares of Bridgewater Bancshares by 42.7% during the 1st quarter. AlphaOne Investment Services LLC now owns 4,343 shares of the company’s stock valued at $45,000 after purchasing an additional 1,300 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Bridgewater Bancshares by 466.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock valued at $51,000 after purchasing an additional 4,037 shares during the period. Citigroup Inc. raised its stake in shares of Bridgewater Bancshares by 333.9% during the 4th quarter. Citigroup Inc. now owns 5,867 shares of the company’s stock valued at $62,000 after purchasing an additional 4,515 shares during the period. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of Bridgewater Bancshares during the 4th quarter valued at $89,000. Hedge funds and other institutional investors own 41.34% of the company’s stock.
Shares of NASDAQ:BWB traded down $0.01 during mid-day trading on Monday, hitting $11.50. 29,475 shares of the company traded hands, compared to its average volume of 79,755. The stock has a market cap of $345.81 million, a PE ratio of 12.64, a P/E/G ratio of 0.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. Bridgewater Bancshares has a 12-month low of $9.30 and a 12-month high of $13.50. The firm’s 50-day moving average price is $11.37.
About Bridgewater Bancshares
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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