Bridgewater Bancshares (BWB) Scheduled to Post Earnings on Wednesday

Bridgewater Bancshares (NASDAQ:BWB) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Wednesday, January 24th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. Bridgewater Bancshares had a return on equity of 11.53% and a net margin of 17.46%. The company had revenue of $26.72 million during the quarter, compared to the consensus estimate of $26.70 million. On average, analysts expect Bridgewater Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock opened at $12.05 on Tuesday. Bridgewater Bancshares has a one year low of $7.90 and a one year high of $14.43. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.03 and a current ratio of 1.03. The business has a fifty day moving average of $11.61 and a two-hundred day moving average of $11.44. The company has a market cap of $333.91 million, a P/E ratio of 9.56 and a beta of 0.65.

Wall Street Analysts Forecast Growth

BWB has been the subject of several research reports. TheStreet downgraded Bridgewater Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 11th. Piper Sandler reaffirmed an “overweight” rating and set a $15.50 price target on shares of Bridgewater Bancshares in a research note on Wednesday, January 17th. Hovde Group initiated coverage on Bridgewater Bancshares in a research note on Monday, March 4th. They set an “outperform” rating for the company. Finally, DA Davidson lifted their price target on Bridgewater Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, January 26th.

Insider Buying and Selling

In related news, CEO Jerry J. Baack sold 15,687 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.11, for a total transaction of $205,656.57. Following the completion of the sale, the chief executive officer now owns 1,237,351 shares in the company, valued at approximately $16,221,671.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director James S. Johnson sold 12,590 shares of Bridgewater Bancshares stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.62, for a total transaction of $146,295.80. Following the completion of the sale, the director now owns 94,063 shares in the company, valued at approximately $1,093,012.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jerry J. Baack sold 15,687 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.11, for a total value of $205,656.57. Following the sale, the chief executive officer now owns 1,237,351 shares of the company’s stock, valued at approximately $16,221,671.61. The disclosure for this sale can be found here. 23.21% of the stock is currently owned by company insiders.

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, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.