Bridgewater Bancshares Inc (NASDAQ:BWB) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $14.50 for the company and are forecasting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgewater Bancshares an industry rank of 143 out of 255 based on the ratings given to its competitors.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Bridgewater Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. ValuEngine lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Friday, October 25th.
NASDAQ:BWB traded down $0.06 during mid-day trading on Friday, reaching $12.74. The company’s stock had a trading volume of 913 shares, compared to its average volume of 71,702. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. Bridgewater Bancshares has a 1 year low of $9.30 and a 1 year high of $13.00. The stock has a fifty day moving average of $12.58 and a 200-day moving average of $11.76. The firm has a market capitalization of $367.82 million, a PE ratio of 14.01 and a beta of 0.99.
Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.27 EPS for the quarter, beating 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 business had revenue of $19.88 million during the quarter, compared to analyst estimates of $19.54 million. On average, analysts expect that Bridgewater Bancshares will post 1.02 earnings per share for the current year.
In other Bridgewater Bancshares news, COO Mary Jayne Crocker sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $12.84, for a total value of $321,000.00. Company insiders own 17.31% of the company’s stock.
Large investors have recently modified their holdings of the stock. GW&K Investment Management LLC acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter valued at about $4,551,000. Vanguard Group Inc. grew its stake in shares of Bridgewater Bancshares by 23.7% during the 2nd quarter. Vanguard Group Inc. now owns 945,321 shares of the company’s stock worth $10,909,000 after purchasing an additional 180,929 shares during the period. Stieven Capital Advisors L.P. acquired a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth approximately $1,665,000. Dougherty Wealth Advisers LLC acquired a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth approximately $1,096,000. Finally, Banc Funds Co. LLC increased its holdings in shares of Bridgewater Bancshares by 49.1% during the 2nd quarter. Banc Funds Co. LLC now owns 266,652 shares of the company’s stock valued at $3,077,000 after purchasing an additional 87,800 shares in the last quarter. Institutional investors own 44.94% of the company’s stock.
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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