Bridgewater Bancshares (NASDAQ:BWB) Upgraded at TheStreet

Bridgewater Bancshares (NASDAQ:BWB) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

Several other research firms have also recently commented on BWB. ValuEngine cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. 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 price target on the stock. DA Davidson reissued a “buy” rating on shares of Bridgewater Bancshares in a research note on Friday, April 26th. Finally, Zacks Investment Research cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.00.

BWB opened at $11.17 on Monday. Bridgewater Bancshares has a one year low of $9.30 and a one year high of $13.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The company has a market cap of $334.38 million, a PE ratio of 12.27, a P/E/G ratio of 0.75 and a beta of 0.91.



Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Bridgewater Bancshares had a net margin of 29.91% and a return on equity of 12.88%. The company had revenue of $17.77 million for the quarter, compared to the consensus estimate of $18.30 million. As a group, equities analysts anticipate that Bridgewater Bancshares will post 0.99 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc lifted its holdings in Bridgewater Bancshares by 392.7% in the fourth quarter. Legal & General Group Plc now owns 3,636 shares of the company’s stock valued at $38,000 after buying an additional 2,898 shares during the period. AlphaOne Investment Services LLC lifted its holdings in Bridgewater Bancshares by 42.7% in the first quarter. AlphaOne Investment Services LLC now owns 4,343 shares of the company’s stock valued at $45,000 after buying an additional 1,300 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Bridgewater Bancshares by 466.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock valued at $51,000 after buying an additional 4,037 shares during the period. Citigroup Inc. lifted its holdings in Bridgewater Bancshares by 333.9% in the fourth quarter. Citigroup Inc. now owns 5,867 shares of the company’s stock valued at $62,000 after buying an additional 4,515 shares during the period. Finally, Metropolitan Life Insurance Co. NY acquired a new position in Bridgewater Bancshares in the fourth quarter valued at approximately $89,000. Institutional investors and hedge funds own 41.34% 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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