Zacks: Brokerages Set $14.50 Target Price for Bridgewater Bancshares Inc (NASDAQ:BWB)

Bridgewater Bancshares Inc (NASDAQ:BWB) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price target of $14.50 for the company and are forecasting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Bridgewater Bancshares an industry rank of 159 out of 256 based on the ratings given to related companies.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Bridgewater Bancshares from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 26th. TheStreet raised shares of Bridgewater Bancshares from a “d+” rating to a “c-” rating in a research note on Monday, June 10th. B. Riley assumed coverage on shares of Bridgewater Bancshares in a research note on Friday, March 15th. They set a “buy” rating and a $14.00 target price for the company. Finally, DA Davidson reaffirmed a “buy” rating on shares of Bridgewater Bancshares in a research note on Friday, April 26th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banc Funds Co. LLC raised its holdings in Bridgewater Bancshares by 78.9% during the first quarter. Banc Funds Co. LLC now owns 178,852 shares of the company’s stock worth $1,844,000 after purchasing an additional 78,852 shares in the last quarter. AlphaOne Investment Services LLC raised its holdings in Bridgewater Bancshares by 42.7% during the first quarter. AlphaOne Investment Services LLC now owns 4,343 shares of the company’s stock worth $45,000 after purchasing an additional 1,300 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Bridgewater Bancshares by 139.1% during the first quarter. Acadian Asset Management LLC now owns 70,451 shares of the company’s stock worth $728,000 after purchasing an additional 40,984 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Bridgewater Bancshares by 10.5% during the first quarter. Victory Capital Management Inc. now owns 115,550 shares of the company’s stock worth $1,191,000 after purchasing an additional 10,950 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Bridgewater Bancshares by 466.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock worth $51,000 after purchasing an additional 4,037 shares in the last quarter. 41.34% of the stock is owned by institutional investors.

BWB traded up $0.12 during trading on Tuesday, hitting $11.77. 34,500 shares of the company traded hands, compared to its average volume of 70,925. The company has a market cap of $350.92 million, a P/E ratio of 12.97, a PEG ratio of 0.79 and a beta of 0.93. The stock has a 50-day moving average price of $11.25. Bridgewater Bancshares has a 1 year low of $9.30 and a 1 year high of $13.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Thursday, April 25th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The company had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $18.30 million. Bridgewater Bancshares had a net margin of 29.91% and a return on equity of 12.88%. Analysts anticipate 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.

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