Shares of Bridgewater Bancshares Inc (NASDAQ:BWB) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price objective of $15.25 for the company and are forecasting that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgewater Bancshares an industry rank of 151 out of 255 based on the ratings given to related companies.
A number of brokerages have recently weighed in on BWB. Zacks Investment Research downgraded Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Thursday.
Shares of BWB stock traded down $0.29 on Monday, reaching $11.30. 13,123 shares of the company’s stock traded hands, compared to its average volume of 60,027. Bridgewater Bancshares has a 12-month low of $10.04 and a 12-month high of $13.87. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53.
Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The firm had revenue of $17.45 million during the quarter, compared to analyst estimates of $16.90 million. Equities analysts predict that Bridgewater Bancshares will post 0.89 earnings per share for the current year.
In other Bridgewater Bancshares news, Director Douglas J. Parish purchased 8,000 shares of the stock in a transaction dated Thursday, August 16th. The shares were acquired at an average price of $12.39 per share, for a total transaction of $99,120.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of hedge funds and other institutional investors have recently modified their holdings of BWB. Engineers Gate Manager LP purchased a new position in Bridgewater Bancshares in the second quarter valued at about $142,000. Carlson Capital Management bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth about $143,000. Acadian Asset Management LLC bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth about $148,000. Bank of New York Mellon Corp bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth about $157,000. Finally, Private Advisor Group LLC bought a new stake in shares of Bridgewater Bancshares during the 3rd quarter worth about $163,000. Hedge funds and other institutional investors own 33.41% of the company’s stock.
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 saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.
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