Bridgewater Bancshares (BWB) Scheduled to Post Earnings on Wednesday

Bridgewater Bancshares (NASDAQ:BWB) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Bridgewater Bancshares to post earnings of $0.25 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $26.72 million during the quarter, compared to analysts’ expectations of $26.70 million. Bridgewater Bancshares had a net margin of 17.46% and a return on equity of 11.53%. On average, analysts expect Bridgewater Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bridgewater Bancshares Trading Up 3.0 %

Shares of Bridgewater Bancshares stock opened at $11.67 on Monday. The stock has a market capitalization of $323.38 million, a P/E ratio of 9.26 and a beta of 0.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.11. The company has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $11.42. Bridgewater Bancshares has a 12-month low of $7.90 and a 12-month high of $14.43.

Insiders Place Their Bets

In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 15,687 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.11, for a total transaction of $205,656.57. Following the sale, the chief executive officer now directly owns 1,237,351 shares in the company, valued at approximately $16,221,671.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director James S. Johnson sold 12,590 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.62, for a total value of $146,295.80. Following the sale, the director now directly owns 94,063 shares in the company, valued at $1,093,012.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jerry J. Baack sold 15,687 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.11, for a total transaction of $205,656.57. Following the completion of the sale, the chief executive officer now owns 1,237,351 shares in the company, valued at $16,221,671.61. The disclosure for this sale can be found here. Corporate insiders own 23.21% of the company’s stock.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in Bridgewater Bancshares by 102.9% during the third quarter. Tower Research Capital LLC TRC now owns 1,844 shares of the company’s stock worth $31,000 after buying an additional 935 shares during the last quarter. Citigroup Inc. increased its holdings in Bridgewater Bancshares by 1,090.2% during the second quarter. Citigroup Inc. now owns 6,189 shares of the company’s stock worth $61,000 after buying an additional 5,669 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Bridgewater Bancshares by 112.6% during the second quarter. Wells Fargo & Company MN now owns 7,835 shares of the company’s stock worth $77,000 after buying an additional 4,150 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Bridgewater Bancshares by 59.7% during the second quarter. BNP Paribas Arbitrage SA now owns 5,146 shares of the company’s stock worth $83,000 after purchasing an additional 1,924 shares during the period. Finally, Barclays PLC boosted its position in Bridgewater Bancshares by 327.1% during the fourth quarter. Barclays PLC now owns 5,463 shares of the company’s stock worth $97,000 after purchasing an additional 4,184 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BWB. DA Davidson raised their price objective on shares of Bridgewater Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, January 26th. TheStreet lowered shares of Bridgewater Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 11th. Hovde Group started coverage on shares of Bridgewater Bancshares in a research note on Monday, March 4th. They issued an “outperform” rating on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $15.50 target price on shares of Bridgewater Bancshares in a research note on Wednesday, January 17th.

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, 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.