Shares of Bridgewater Bancshares Inc (NASDAQ:BWB) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $14.50 for the company and are expecting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgewater Bancshares an industry rank of 174 out of 256 based on the ratings given to its competitors.
Several brokerages have issued reports on BWB. ValuEngine lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. B. Riley began coverage on Bridgewater Bancshares in a research note on Friday, March 15th. They issued a “buy” rating and a $14.00 price target on the stock. Zacks Investment Research lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. DA Davidson reissued a “buy” rating on shares of Bridgewater Bancshares in a research note on Friday, April 26th. Finally, TheStreet raised Bridgewater Bancshares from a “d+” rating to a “c-” rating in a research note on Monday, June 10th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. EJF Capital LLC lifted its stake in Bridgewater Bancshares by 71.7% in the fourth quarter. EJF Capital LLC now owns 2,260,193 shares of the company’s stock valued at $23,845,000 after buying an additional 943,642 shares during the period. FMR LLC lifted its stake in Bridgewater Bancshares by 16.7% in the fourth quarter. FMR LLC now owns 1,743,761 shares of the company’s stock valued at $18,397,000 after buying an additional 249,626 shares during the period. BlackRock Inc. lifted its stake in Bridgewater Bancshares by 259.7% in the fourth quarter. BlackRock Inc. now owns 1,236,080 shares of the company’s stock valued at $13,041,000 after buying an additional 892,420 shares during the period. Vanguard Group Inc. lifted its stake in Bridgewater Bancshares by 50.0% in the third quarter. Vanguard Group Inc. now owns 289,796 shares of the company’s stock valued at $3,773,000 after buying an additional 96,570 shares during the period. Finally, Northern Trust Corp lifted its stake in Bridgewater Bancshares by 300.8% in the fourth quarter. Northern Trust Corp now owns 215,926 shares of the company’s stock valued at $2,278,000 after buying an additional 162,055 shares during the period. 41.34% of the stock is currently owned by hedge funds and other institutional investors.
BWB stock traded up $0.07 during trading on Monday, hitting $11.50. The company had a trading volume of 467,735 shares, compared to its average volume of 55,052. Bridgewater Bancshares has a one year low of $9.30 and a one year high of $13.50. The stock has a market capitalization of $343.70 million, a PE ratio of 12.56, a PEG ratio of 0.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06.
Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, April 25th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Bridgewater Bancshares had a net margin of 29.91% and a return on equity of 12.88%. The company had revenue of $17.77 million during the quarter, compared to the consensus estimate of $18.30 million. As a group, research analysts expect that Bridgewater Bancshares will post 0.99 earnings per share for the current 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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