Bridgewater Bancshares Inc (NASDAQ:BWB) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $15.25 for the company and are forecasting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgewater Bancshares an industry rank of 157 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Bridgewater Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th.
Large investors have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at about $142,000. Carlson Capital Management purchased a new stake in Bridgewater Bancshares during the second quarter valued at about $143,000. Acadian Asset Management LLC purchased a new stake in Bridgewater Bancshares during the second quarter valued at about $148,000. Bank of New York Mellon Corp purchased a new stake in Bridgewater Bancshares during the second quarter valued at about $157,000. Finally, Accredited Investors Inc. purchased a new stake in Bridgewater Bancshares during the third quarter valued at about $260,000. Institutional investors own 33.41% of the company’s stock.
Shares of BWB opened at $11.10 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.53. Bridgewater Bancshares has a 52-week low of $10.04 and a 52-week high of $13.87.
Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The company had revenue of $17.45 million for the quarter, compared to analysts’ expectations of $16.90 million. On average, equities analysts anticipate that Bridgewater Bancshares will post 0.93 EPS for the current year.
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 saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.
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