Equities analysts expect that Bridgewater Bancshares, Inc. (NASDAQ:BWB) will post $28.70 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Bridgewater Bancshares’ earnings, with the lowest sales estimate coming in at $28.50 million and the highest estimate coming in at $28.90 million. Bridgewater Bancshares posted sales of $22.84 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.7%. The company is scheduled to announce its next quarterly earnings report on Thursday, November 4th.
According to Zacks, analysts expect that Bridgewater Bancshares will report full-year sales of $113.07 million for the current year, with estimates ranging from $112.33 million to $113.80 million. For the next year, analysts anticipate that the firm will post sales of $124.38 million, with estimates ranging from $124.20 million to $124.57 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Bridgewater Bancshares.
Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Wednesday, July 28th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Bridgewater Bancshares had a net margin of 26.94% and a return on equity of 13.84%. The company had revenue of $27.89 million for the quarter, compared to analyst estimates of $27.04 million.
In related news, Director Douglas J. Parish purchased 3,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, August 17th. The stock was bought at an average price of $25.00 per share, for a total transaction of $75,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Jayne Crocker purchased 4,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, August 17th. The shares were bought at an average price of $25.00 per share, with a total value of $100,000.00. Following the transaction, the chief operating officer now owns 141,117 shares of the company’s stock, valued at approximately $3,527,925. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 14,920 shares of company stock valued at $373,000. 20.43% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of BWB. Lazard Asset Management LLC purchased a new stake in shares of Bridgewater Bancshares in the second quarter worth about $25,000. Metropolitan Life Insurance Co NY lifted its holdings in shares of Bridgewater Bancshares by 45,857.1% in the second quarter. Metropolitan Life Insurance Co NY now owns 3,217 shares of the company’s stock worth $52,000 after buying an additional 3,210 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Bridgewater Bancshares by 179.7% in the second quarter. MetLife Investment Management LLC now owns 8,285 shares of the company’s stock worth $134,000 after buying an additional 5,323 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Bridgewater Bancshares by 84.1% in the first quarter. BNP Paribas Arbitrage SA now owns 9,921 shares of the company’s stock worth $160,000 after buying an additional 4,533 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Bridgewater Bancshares in the first quarter worth about $173,000. Hedge funds and other institutional investors own 49.66% of the company’s stock.
Shares of Bridgewater Bancshares stock traded down $0.14 during trading on Friday, reaching $16.83. 34,130 shares of the company traded hands, compared to its average volume of 56,241. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.97 and a quick ratio of 0.97. Bridgewater Bancshares has a 1-year low of $8.97 and a 1-year high of $18.25. The company has a 50 day moving average price of $16.16 and a 200-day moving average price of $16.42. The firm has a market capitalization of $474.37 million, a PE ratio of 14.38 and a beta of 0.82.
Bridgewater Bancshares Company Profile
Bridgewater Bancshares, Inc is a holding company, which provides retail and commercial loan and deposit services. It offers deposits, lending, professional services, and business services. The company was founded by Jerry J. Baack and Jeffrey D. Shellberg in 2005 and is headquartered in Bloomington, MN.
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