Research Analysts Issue Forecasts for Bridgewater Bancshares, Inc.’s Q2 2021 Earnings (NASDAQ:BWB)


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Bridgewater Bancshares, Inc. (NASDAQ:BWB) – DA Davidson issued their Q2 2021 earnings per share estimates for Bridgewater Bancshares in a research note issued to investors on Monday, May 3rd. DA Davidson analyst J. Rulis anticipates that the company will post earnings per share of $0.36 for the quarter. DA Davidson also issued estimates for Bridgewater Bancshares’ FY2022 earnings at $1.50 EPS.

Other research analysts have also recently issued research reports about the company. B. Riley boosted their target price on shares of Bridgewater Bancshares from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, April 9th. Zacks Investment Research cut shares of Bridgewater Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, April 1st.

Shares of NASDAQ BWB opened at $16.23 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $16.16 and a 200-day simple moving average of $13.79. The company has a market cap of $456.50 million, a PE ratio of 15.46 and a beta of 0.79. Bridgewater Bancshares has a 12-month low of $8.10 and a 12-month high of $18.25.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Wednesday, April 28th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Bridgewater Bancshares had a return on equity of 12.13% and a net margin of 26.20%.

Institutional investors have recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in Bridgewater Bancshares during the 1st quarter worth $28,000. Panagora Asset Management Inc. raised its holdings in Bridgewater Bancshares by 576.3% during the 4th quarter. Panagora Asset Management Inc. now owns 4,017 shares of the company’s stock worth $50,000 after purchasing an additional 3,423 shares during the last quarter. Citigroup Inc. raised its holdings in Bridgewater Bancshares by 290.3% during the 4th quarter. Citigroup Inc. now owns 4,133 shares of the company’s stock worth $52,000 after purchasing an additional 3,074 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Bridgewater Bancshares by 92.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,400 shares of the company’s stock valued at $67,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in shares of Bridgewater Bancshares in the 3rd quarter valued at $103,000. Institutional investors own 48.08% 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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Earnings History and Estimates for Bridgewater Bancshares (NASDAQ:BWB)

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