Shares of Bridgewater Bancshares Inc (NASDAQ:BWB) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus target price of $14.50 for the company and are anticipating that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also given Bridgewater Bancshares an industry rank of 143 out of 255 based on the ratings given to its competitors.
Several equities analysts have recently weighed in on BWB shares. ValuEngine downgraded shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Zacks Investment Research raised shares of Bridgewater Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th.
In related news, COO Mary Jayne Crocker sold 25,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $12.84, for a total transaction of $321,000.00. Company insiders own 17.31% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Stieven Capital Advisors L.P. acquired a new position in Bridgewater Bancshares in the second quarter valued at about $1,665,000. Chicago Equity Partners LLC acquired a new position in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $159,000. Envestnet Asset Management Inc. purchased a new position in shares of Bridgewater Bancshares during the 3rd quarter worth approximately $124,000. Wedge Capital Management L L P NC purchased a new position in shares of Bridgewater Bancshares during the 3rd quarter worth approximately $1,010,000. Finally, Monarch Partners Asset Management LLC boosted its position in shares of Bridgewater Bancshares by 13.4% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 69,254 shares of the company’s stock worth $827,000 after purchasing an additional 8,210 shares during the period. Institutional investors own 44.94% of the company’s stock.
NASDAQ BWB traded down $0.06 during mid-day trading on Friday, hitting $12.74. The stock had a trading volume of 913 shares, compared to its average volume of 71,702. The firm’s 50 day moving average is $12.58 and its 200 day moving average is $11.76. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $367.82 million, a price-to-earnings ratio of 14.01 and a beta of 0.99. Bridgewater Bancshares has a twelve month low of $9.30 and a twelve month high of $13.00.
Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Bridgewater Bancshares had a net margin of 29.44% and a return on equity of 13.33%. The company had revenue of $19.88 million for the quarter, compared to analysts’ expectations of $19.54 million. As a group, equities research analysts expect that Bridgewater Bancshares will post 1.02 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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