Bridgewater Bancshares (NASDAQ:BWB) Issues Earnings Results

Bridgewater Bancshares (NASDAQ:BWB) issued its quarterly earnings data on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02, Zacks reports. Bridgewater Bancshares had a net margin of 15.37% and a return on equity of 10.20%. The business had revenue of $62.64 million during the quarter, compared to the consensus estimate of $26.60 million. During the same period in the prior year, the firm posted $0.31 EPS.

Bridgewater Bancshares Stock Up 5.0 %

BWB stock traded up $0.69 during trading on Thursday, reaching $14.48. The stock had a trading volume of 147,583 shares, compared to its average volume of 56,531. Bridgewater Bancshares has a one year low of $8.00 and a one year high of $14.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.08. The company’s 50 day moving average is $11.74 and its two-hundred day moving average is $11.87. The company has a market capitalization of $396.38 million, a price-to-earnings ratio of 12.59 and a beta of 0.69.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reaffirmed an “overweight” rating and issued a $14.00 price objective (down from $14.50) on shares of Bridgewater Bancshares in a research report on Friday, April 26th.

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, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.