Bridgewater Bancshares Inc (NASDAQ:BWB) – Stock analysts at Piper Sandler decreased their Q1 2020 earnings estimates for Bridgewater Bancshares in a report released on Tuesday, March 24th. Piper Sandler analyst B. Nosal now forecasts that the company will earn $0.22 per share for the quarter, down from their prior estimate of $0.25. Piper Sandler also issued estimates for Bridgewater Bancshares’ Q2 2020 earnings at $0.19 EPS, Q3 2020 earnings at $0.20 EPS, Q4 2020 earnings at $0.20 EPS, FY2020 earnings at $0.81 EPS, Q1 2021 earnings at $0.19 EPS, Q2 2021 earnings at $0.20 EPS, Q3 2021 earnings at $0.22 EPS, Q4 2021 earnings at $0.23 EPS and FY2021 earnings at $0.84 EPS.
Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, January 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. Bridgewater Bancshares had a net margin of 29.18% and a return on equity of 13.34%. The company had revenue of $21.04 million during the quarter, compared to analyst estimates of $20.06 million.
BWB has been the subject of several other reports. B. Riley reiterated a “buy” rating and issued a $16.00 target price on shares of Bridgewater Bancshares in a research report on Friday, January 24th. Zacks Investment Research lowered shares of Bridgewater Bancshares from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, ValuEngine lowered shares of Bridgewater Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.50.
Shares of NASDAQ:BWB opened at $9.60 on Thursday. Bridgewater Bancshares has a 52-week low of $7.99 and a 52-week high of $13.90. The firm has a fifty day moving average of $11.89 and a 200 day moving average of $12.51. The firm has a market capitalization of $256.99 million, a PE ratio of 9.14 and a beta of 0.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.05 and a current ratio of 1.05.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY boosted its position in Bridgewater Bancshares by 18.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 8,382 shares of the company’s stock valued at $100,000 after buying an additional 1,322 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Bridgewater Bancshares by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 132,362 shares of the company’s stock valued at $1,824,000 after buying an additional 1,532 shares during the period. Citigroup Inc. boosted its position in Bridgewater Bancshares by 65.1% during the fourth quarter. Citigroup Inc. now owns 5,242 shares of the company’s stock valued at $72,000 after buying an additional 2,067 shares during the period. Russell Investments Group Ltd. boosted its position in Bridgewater Bancshares by 40.2% during the fourth quarter. Russell Investments Group Ltd. now owns 13,398 shares of the company’s stock valued at $184,000 after buying an additional 3,840 shares during the period. Finally, Mackay Shields LLC boosted its position in Bridgewater Bancshares by 8.8% during the fourth quarter. Mackay Shields LLC now owns 53,234 shares of the company’s stock valued at $733,000 after buying an additional 4,300 shares during the period. Institutional investors and hedge funds own 46.86% of the company’s stock.
In other Bridgewater Bancshares news, CEO Jerry J. Baack purchased 5,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $10.07 per share, for a total transaction of $50,350.00. Corporate insiders own 18.54% 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 demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.
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