Equities Analysts Set Expectations for Bridgewater Bancshares, Inc.’s Q2 2024 Earnings (NASDAQ:BWB)

Bridgewater Bancshares, Inc. (NASDAQ:BWB) – Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Bridgewater Bancshares in a research report issued on Friday, April 26th. DA Davidson analyst J. Rulis forecasts that the company will post earnings of $0.25 per share for the quarter. DA Davidson currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Bridgewater Bancshares’ current full-year earnings is $1.10 per share. DA Davidson also issued estimates for Bridgewater Bancshares’ FY2025 earnings at $1.20 EPS.

Several other brokerages have also recently weighed in on BWB. TheStreet cut Bridgewater Bancshares from a “b-” rating to a “c+” rating in a report on Monday, March 11th. Piper Sandler reaffirmed an “overweight” rating and set a $14.00 price target (down previously from $14.50) on shares of Bridgewater Bancshares in a research report on Friday. Finally, Hovde Group started coverage on Bridgewater Bancshares in a report on Monday, March 4th. They issued an “outperform” rating for the company.

Bridgewater Bancshares Stock Down 0.4 %

Shares of Bridgewater Bancshares stock opened at $11.75 on Monday. The firm has a market cap of $325.59 million, a PE ratio of 10.40 and a beta of 0.65. The business’s 50 day simple moving average is $11.61 and its 200 day simple moving average is $11.50. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.03 and a current ratio of 1.03. Bridgewater Bancshares has a 52-week low of $7.90 and a 52-week high of $14.43.

Institutional Trading of Bridgewater Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in BWB. FMR LLC boosted its stake in Bridgewater Bancshares by 16.7% in the third quarter. FMR LLC now owns 1,647,159 shares of the company’s stock valued at $15,615,000 after buying an additional 236,281 shares in the last quarter. Banc Funds Co. LLC boosted its stake in shares of Bridgewater Bancshares by 196.3% in the 4th quarter. Banc Funds Co. LLC now owns 186,704 shares of the company’s stock valued at $2,524,000 after purchasing an additional 123,695 shares in the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Bridgewater Bancshares by 7.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 654,300 shares of the company’s stock valued at $6,203,000 after purchasing an additional 45,000 shares during the last quarter. Sippican Capital Advisors bought a new stake in shares of Bridgewater Bancshares during the 4th quarter valued at approximately $543,000. Finally, Russell Investments Group Ltd. increased its position in Bridgewater Bancshares by 25.8% during the 4th quarter. Russell Investments Group Ltd. now owns 173,198 shares of the company’s stock worth $2,342,000 after purchasing an additional 35,546 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Insider Activity at Bridgewater Bancshares

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

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, 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.