Bridgewater Bancshares Inc (NASDAQ:BWB) – Analysts at B. Riley lowered their Q2 2020 earnings estimates for Bridgewater Bancshares in a research note issued on Monday, August 12th. B. Riley analyst S. Moss now forecasts that the company will post earnings of $0.28 per share for the quarter, down from their previous forecast of $0.29. B. Riley also issued estimates for Bridgewater Bancshares’ Q3 2020 earnings at $0.30 EPS.
BWB has been the subject of a number of other research reports. TheStreet raised Bridgewater Bancshares from a “d+” rating to a “c-” rating in a research report on Monday, June 10th. Zacks Investment Research raised Bridgewater Bancshares from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research report on Monday, July 29th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Bridgewater Bancshares in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $14.00.
Bridgewater Bancshares stock opened at $11.56 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average is $11.58. The stock has a market capitalization of $342.50 million, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 0.74 and a beta of 0.93. Bridgewater Bancshares has a fifty-two week low of $9.30 and a fifty-two week high of $13.50.
Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $19.27 million during the quarter, compared to analysts’ expectations of $18.55 million. Bridgewater Bancshares had a return on equity of 13.22% and a net margin of 29.44%.
Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Bridgewater Bancshares by 4.4% during the 2nd quarter. BlackRock Inc. now owns 1,316,550 shares of the company’s stock valued at $15,194,000 after acquiring an additional 54,928 shares during the last quarter. AlphaOne Investment Services LLC lifted its position in shares of Bridgewater Bancshares by 526.2% during the 2nd quarter. AlphaOne Investment Services LLC now owns 27,194 shares of the company’s stock valued at $314,000 after acquiring an additional 22,851 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Bridgewater Bancshares by 46.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 16,865 shares of the company’s stock valued at $195,000 after acquiring an additional 5,385 shares during the last quarter. Northern Trust Corp lifted its position in shares of Bridgewater Bancshares by 4.5% during the 2nd quarter. Northern Trust Corp now owns 222,152 shares of the company’s stock valued at $2,563,000 after acquiring an additional 9,554 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Bridgewater Bancshares by 79.4% in the second quarter. Renaissance Technologies LLC now owns 164,679 shares of the company’s stock valued at $1,900,000 after purchasing an additional 72,869 shares in the last quarter. Institutional investors own 42.68% 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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