Bridgewater Bancshares (NASDAQ:BWB) posted its quarterly earnings results on Thursday. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03, MarketWatch Earnings reports. Bridgewater Bancshares had a net margin of 27.23% and a return on equity of 12.93%. The company had revenue of $23.32 million for the quarter, compared to analysts’ expectations of $21.58 million.
Bridgewater Bancshares stock opened at $9.29 on Friday. The firm has a market capitalization of $267.67 million, a P/E ratio of 8.68 and a beta of 0.98. Bridgewater Bancshares has a one year low of $7.99 and a one year high of $13.90. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average price of $9.61 and a 200-day moving average price of $10.69.
BWB has been the subject of a number of recent research reports. B. Riley decreased their target price on Bridgewater Bancshares from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, April 13th. BidaskClub lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, July 8th. TheStreet downgraded shares of Bridgewater Bancshares from a “c-” rating to a “d+” rating in a report on Tuesday, April 14th. Finally, Zacks Investment Research upgraded shares of Bridgewater Bancshares from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $12.00.
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, 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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