Analysts expect Bridgewater Bancshares Inc (NASDAQ:BWB) to post $18.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bridgewater Bancshares’ earnings, with estimates ranging from $18.10 million to $18.50 million. Bridgewater Bancshares reported sales of $15.15 million in the same quarter last year, which would suggest a positive year over year growth rate of 20.8%. The company is scheduled to announce its next earnings report on Thursday, April 25th.
On average, analysts expect that Bridgewater Bancshares will report full-year sales of $79.23 million for the current year, with estimates ranging from $79.06 million to $79.40 million. For the next financial year, analysts anticipate that the business will post sales of $90.91 million, with estimates ranging from $89.20 million to $92.61 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Bridgewater Bancshares.
Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Thursday, January 24th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $17.60 million.
A number of research analysts recently weighed in on BWB shares. ValuEngine raised shares of Bridgewater Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. B. Riley began coverage on shares of Bridgewater Bancshares in a report on Friday, March 15th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.
Institutional investors have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. lifted its position in shares of Bridgewater Bancshares by 46.7% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 54,830 shares of the company’s stock worth $565,000 after purchasing an additional 17,466 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Bridgewater Bancshares by 189.1% during the 4th quarter. Deutsche Bank AG now owns 30,675 shares of the company’s stock worth $323,000 after purchasing an additional 20,066 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bridgewater Bancshares by 123.5% during the 4th quarter. Geode Capital Management LLC now owns 138,829 shares of the company’s stock worth $1,464,000 after purchasing an additional 76,708 shares during the last quarter. FMR LLC lifted its position in shares of Bridgewater Bancshares by 16.7% during the 4th quarter. FMR LLC now owns 1,743,761 shares of the company’s stock worth $18,397,000 after purchasing an additional 249,626 shares during the last quarter. Finally, Penn Capital Management Co. Inc. lifted its position in shares of Bridgewater Bancshares by 5.7% during the 4th quarter. Penn Capital Management Co. Inc. now owns 105,994 shares of the company’s stock worth $1,118,000 after purchasing an additional 5,673 shares during the last quarter. Hedge funds and other institutional investors own 41.17% of the company’s stock.
Shares of BWB stock traded up $0.03 during mid-day trading on Friday, hitting $10.35. 201 shares of the stock were exchanged, compared to its average volume of 64,482. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.67. Bridgewater Bancshares has a 52-week low of $9.30 and a 52-week high of $13.56. The firm has a market cap of $309.10 million and a P/E ratio of 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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