Zacks: Bridgewater Bancshares Inc (BWB) Receives Consensus Recommendation of “Strong Buy” from Analysts

Bridgewater Bancshares Inc (NASDAQ:BWB) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price objective of $14.50 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bridgewater Bancshares an industry rank of 186 out of 256 based on the ratings given to related companies.

BWB has been the subject of a number of analyst reports. ValuEngine lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. B. Riley initiated coverage on Bridgewater Bancshares in a research report on Friday, March 15th. They set a “buy” rating and a $14.00 price target for the company. Finally, DA Davidson reiterated a “buy” rating on shares of Bridgewater Bancshares in a research report on Friday, April 26th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. bought a new stake in shares of Bridgewater Bancshares in the 1st quarter worth $125,000. Wells Fargo & Company MN raised its stake in shares of Bridgewater Bancshares by 28.7% in the 1st quarter. Wells Fargo & Company MN now owns 46,757 shares of the company’s stock worth $482,000 after buying an additional 10,434 shares in the last quarter. BlackRock Inc. raised its stake in shares of Bridgewater Bancshares by 2.1% in the 1st quarter. BlackRock Inc. now owns 1,261,622 shares of the company’s stock worth $13,007,000 after buying an additional 25,542 shares in the last quarter. AlphaOne Investment Services LLC raised its stake in shares of Bridgewater Bancshares by 42.7% in the 1st quarter. AlphaOne Investment Services LLC now owns 4,343 shares of the company’s stock worth $45,000 after buying an additional 1,300 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Bridgewater Bancshares by 139.1% in the 1st quarter. Acadian Asset Management LLC now owns 70,451 shares of the company’s stock worth $728,000 after buying an additional 40,984 shares in the last quarter. 40.92% of the stock is currently owned by institutional investors.

BWB stock traded down $0.02 during trading on Friday, reaching $11.03. 69,000 shares of the company’s stock were exchanged, compared to its average volume of 62,779. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.06 and a current ratio of 1.06. Bridgewater Bancshares has a 1-year low of $9.30 and a 1-year high of $13.50. The firm has a market capitalization of $332.57 million, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.24.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). Bridgewater Bancshares had a return on equity of 13.16% and a net margin of 29.91%. The business had revenue of $17.77 million for the quarter, compared to analyst estimates of $18.30 million. Equities research analysts predict that Bridgewater Bancshares will post 0.99 earnings per share for the current fiscal year.

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, 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.

Featured Article: Options Trading – What is a Straddle?

Get a free copy of the Zacks research report on Bridgewater Bancshares (BWB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bridgewater Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgewater Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.