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.
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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