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.
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.
Recommended Story: Why do companies engage in swaps?
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.