Q3 2022 Earnings Forecast for Bridgewater Bancshares, Inc. (NASDAQ:BWB) Issued By B. Riley

Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Rating) – B. Riley reduced their Q3 2022 earnings per share estimates for Bridgewater Bancshares in a research note issued on Tuesday, August 2nd. B. Riley analyst S. Moss now expects that the company will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.48. The consensus estimate for Bridgewater Bancshares’ current full-year earnings is $1.72 per share. B. Riley also issued estimates for Bridgewater Bancshares’ FY2022 earnings at $1.70 EPS and Q1 2023 earnings at $0.41 EPS.

Bridgewater Bancshares Price Performance

BWB opened at $17.14 on Friday. The stock has a fifty day simple moving average of $16.34 and a two-hundred day simple moving average of $16.64. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a market cap of $479.49 million, a price-to-earnings ratio of 10.78 and a beta of 0.68. Bridgewater Bancshares has a 12-month low of $14.97 and a 12-month high of $20.05.

Bridgewater Bancshares (NASDAQ:BWBGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. Bridgewater Bancshares had a return on equity of 15.72% and a net margin of 33.06%.

Insiders Place Their Bets

In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 4,166 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $16.64, for a total value of $69,322.24. Following the completion of the transaction, the chief executive officer now owns 1,194,642 shares in the company, valued at $19,878,842.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 21.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently modified their holdings of BWB. River Oaks Capital LLC bought a new position in shares of Bridgewater Bancshares during the fourth quarter valued at $2,549,000. Waypoint Capital Advisors LLC bought a new stake in Bridgewater Bancshares in the 4th quarter worth about $708,000. American Century Companies Inc. increased its holdings in Bridgewater Bancshares by 34.7% in the 4th quarter. American Century Companies Inc. now owns 74,151 shares of the company’s stock worth $1,312,000 after buying an additional 19,088 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Bridgewater Bancshares by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 65,200 shares of the company’s stock worth $1,153,000 after buying an additional 3,852 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Bridgewater Bancshares by 6.9% in the 4th quarter. First Trust Advisors LP now owns 13,025 shares of the company’s stock worth $230,000 after buying an additional 837 shares in the last quarter. 48.68% of the stock is currently owned by institutional investors.

About Bridgewater Bancshares

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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. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.

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

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