Equities analysts expect that Bridgewater Bancshares Inc (NASDAQ:BWB) will announce earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bridgewater Bancshares’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.25. Bridgewater Bancshares posted earnings of $0.23 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The firm is scheduled to announce its next earnings results on Thursday, April 25th.
On average, analysts expect that Bridgewater Bancshares will report full-year earnings of $1.05 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $1.19 per share, with EPS estimates ranging from $1.17 to $1.20. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Bridgewater Bancshares.
Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Thursday, January 24th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $18.30 million during the quarter, compared to analyst estimates of $17.60 million. Bridgewater Bancshares had a return on equity of 12.87% and a net margin of 30.67%.
Several research analysts recently issued reports on BWB shares. ValuEngine lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Finally, B. Riley started coverage on Bridgewater Bancshares in a research report on Friday, March 15th. They set a “buy” rating and a $14.00 target price on the stock.
Shares of BWB traded up $0.03 during trading hours on Friday, hitting $10.35. The company had a trading volume of 201 shares, compared to its average volume of 64,482. The firm has a market cap of $309.10 million and a price-to-earnings ratio of 11.37. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.67. Bridgewater Bancshares has a one year low of $9.30 and a one year high of $13.56.
A number of large investors have recently made changes to their positions in BWB. Legal & General Group Plc raised its holdings in shares of Bridgewater Bancshares by 392.7% during the 4th quarter. Legal & General Group Plc now owns 3,636 shares of the company’s stock valued at $38,000 after purchasing an additional 2,898 shares in the last quarter. Citigroup Inc. raised its holdings in Bridgewater Bancshares by 333.9% during the 4th quarter. Citigroup Inc. now owns 5,867 shares of the company’s stock worth $62,000 after purchasing an additional 4,515 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Bridgewater Bancshares during the 4th quarter worth approximately $89,000. MetLife Investment Advisors LLC bought a new position in Bridgewater Bancshares during the 4th quarter worth approximately $122,000. Finally, American International Group Inc. increased its stake in shares of Bridgewater Bancshares by 367.0% in the 4th quarter. American International Group Inc. now owns 15,261 shares of the company’s stock valued at $161,000 after acquiring an additional 11,993 shares in the last quarter. 41.17% of the stock is currently owned by institutional investors.
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.
Featured Story: Is the Dow Jones Industrial Average (DJIA) still relevant?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bridgewater Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgewater Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.