B. Riley Boosts Bridgewater Bancshares (NASDAQ:BWB) Price Target to $23.00

Bridgewater Bancshares (NASDAQ:BWB) had its price target raised by B. Riley from $22.00 to $23.00 in a report released on Wednesday, The Fly reports. B. Riley also issued estimates for Bridgewater Bancshares’ Q2 2022 earnings at $0.41 EPS, Q3 2022 earnings at $0.45 EPS, Q4 2022 earnings at $0.47 EPS, FY2022 earnings at $1.72 EPS, Q1 2023 earnings at $0.46 EPS, Q2 2023 earnings at $0.49 EPS, Q3 2023 earnings at $0.52 EPS, Q4 2023 earnings at $0.53 EPS and FY2023 earnings at $2.00 EPS.

Separately, Zacks Investment Research raised Bridgewater Bancshares from a sell rating to a hold rating and set a $21.00 price target for the company in a report on Monday, November 1st.

Shares of BWB opened at $18.15 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.00 and a quick ratio of 1.00. Bridgewater Bancshares has a one year low of $12.79 and a one year high of $20.05. The firm has a market capitalization of $509.47 million, a P/E ratio of 13.75 and a beta of 0.75. The business has a fifty day moving average of $17.89 and a 200 day moving average of $17.05.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Wednesday, October 27th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Bridgewater Bancshares had a return on equity of 15.08% and a net margin of 29.17%. The business had revenue of $30.08 million during the quarter, compared to analyst estimates of $28.70 million. Analysts expect that Bridgewater Bancshares will post 1.53 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in BWB. Russell Investments Group Ltd. lifted its position in shares of Bridgewater Bancshares by 9.4% in the second quarter. Russell Investments Group Ltd. now owns 77,784 shares of the company’s stock valued at $1,254,000 after acquiring an additional 6,661 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Bridgewater Bancshares by 33.8% in the second quarter. American Century Companies Inc. now owns 47,669 shares of the company’s stock worth $770,000 after buying an additional 12,046 shares in the last quarter. John W. Rosenthal Capital Management Inc. lifted its position in shares of Bridgewater Bancshares by 0.7% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 217,657 shares of the company’s stock worth $3,515,000 after buying an additional 1,600 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Bridgewater Bancshares by 15.4% in the second quarter. The Manufacturers Life Insurance Company now owns 16,940 shares of the company’s stock worth $274,000 after buying an additional 2,262 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Bridgewater Bancshares by 33.9% in the second quarter. Bank of Montreal Can now owns 60,716 shares of the company’s stock worth $1,032,000 after buying an additional 15,383 shares in the last quarter. Institutional investors and hedge funds own 48.42% of the company’s stock.

About Bridgewater Bancshares

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.

Featured Article: Analyst Ratings Trading

The Fly logo

Receive News & Ratings for Bridgewater Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgewater Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.