Brokerages Anticipate Bridgewater Bancshares Inc (NASDAQ:BWB) Will Post Earnings of $0.24 Per Share

Wall Street brokerages forecast that Bridgewater Bancshares Inc (NASDAQ:BWB) will report earnings of $0.24 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bridgewater Bancshares’ earnings. Bridgewater Bancshares reported earnings per share of $0.22 during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that Bridgewater Bancshares will report full-year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.01. For the next year, analysts anticipate that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Bridgewater Bancshares.

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



Several equities research analysts have weighed in on the company. Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. DA Davidson reiterated a “neutral” rating on shares of IDEX in a report on Friday, April 26th. Finally, TheStreet cut Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.00.

NASDAQ BWB traded down $0.01 on Friday, hitting $11.50. The company’s stock had a trading volume of 29,475 shares, compared to its average volume of 79,755. Bridgewater Bancshares has a 52-week low of $9.30 and a 52-week 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. The firm’s 50-day simple moving average is $11.37. The firm has a market capitalization of $345.81 million, a price-to-earnings ratio of 12.64, a P/E/G ratio of 0.78 and a beta of 0.93.

Large investors have recently made changes to their positions in the company. Rhumbline Advisers purchased a new position in Bridgewater Bancshares in the 4th quarter valued at about $295,000. FMR LLC increased its stake in shares of Bridgewater Bancshares by 16.7% in the 4th quarter. FMR LLC now owns 1,743,761 shares of the company’s stock valued at $18,397,000 after acquiring an additional 249,626 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Bridgewater Bancshares by 123.5% in the 4th quarter. Geode Capital Management LLC now owns 138,829 shares of the company’s stock valued at $1,464,000 after acquiring an additional 76,708 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of Bridgewater Bancshares in the 4th quarter valued at about $89,000. Finally, Penn Capital Management Co. Inc. increased its stake in shares of Bridgewater Bancshares by 5.7% in the 4th quarter. Penn Capital Management Co. Inc. now owns 105,994 shares of the company’s stock valued at $1,118,000 after acquiring an additional 5,673 shares during the last quarter. 41.34% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Bridgewater Bancshares (NASDAQ:BWB)

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