Bridgewater Bancshares (NASDAQ:BWB) Announces Quarterly Earnings Results

Bridgewater Bancshares (NASDAQ:BWB) posted its earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03, MarketWatch Earnings reports. Bridgewater Bancshares had a return on equity of 12.93% and a net margin of 27.23%. The firm had revenue of $23.32 million for the quarter, compared to the consensus estimate of $21.58 million.

Bridgewater Bancshares stock opened at $9.29 on Friday. Bridgewater Bancshares has a 12 month low of $7.99 and a 12 month high of $13.90. The company has a market capitalization of $267.67 million, a price-to-earnings ratio of 8.68 and a beta of 0.98. The business’s fifty day simple moving average is $9.61 and its two-hundred day simple moving average is $10.69. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.94.

Several equities research analysts recently weighed in on BWB shares. B. Riley dropped their price target on Bridgewater Bancshares from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Zacks Investment Research raised shares of Bridgewater Bancshares from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, July 2nd. BidaskClub lowered shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, July 8th. Finally, TheStreet lowered shares of Bridgewater Bancshares from a “c-” rating to a “d+” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.00.

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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Earnings History for Bridgewater Bancshares (NASDAQ:BWB)

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