B. Riley Analysts Cut Earnings Estimates for Bridgewater Bancshares Inc (NASDAQ:BWB)

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Bridgewater Bancshares Inc (NASDAQ:BWB) – Investment analysts at B. Riley cut their Q2 2020 earnings per share estimates for Bridgewater Bancshares in a research note issued on Monday, August 12th. B. Riley analyst S. Moss now anticipates that the company will earn $0.28 per share for the quarter, down from their previous estimate of $0.29. B. Riley also issued estimates for Bridgewater Bancshares’ Q3 2020 earnings at $0.30 EPS.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Thursday, July 25th. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $19.27 million during the quarter, compared to analysts’ expectations of $18.55 million. Bridgewater Bancshares had a return on equity of 13.22% and a net margin of 29.44%.

Several other brokerages have also recently commented on BWB. TheStreet raised Bridgewater Bancshares from a “d+” rating to a “c-” rating in a research report on Monday, June 10th. DA Davidson reaffirmed a “buy” rating on shares of Bridgewater Bancshares in a research report on Friday, July 26th. Finally, Zacks Investment Research raised Bridgewater Bancshares from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Bridgewater Bancshares currently has an average rating of “Buy” and an average price target of $14.00.

Shares of Bridgewater Bancshares stock opened at $11.29 on Wednesday. The stock has a market cap of $344.00 million, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.74 and a beta of 0.93. The business has a fifty day simple moving average of $11.58 and a 200-day simple moving average of $11.11. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. Bridgewater Bancshares has a 12 month low of $9.30 and a 12 month high of $13.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in Bridgewater Bancshares by 392.7% during the fourth quarter. Legal & General Group Plc now owns 3,636 shares of the company’s stock valued at $38,000 after purchasing an additional 2,898 shares during the last quarter. AlphaOne Investment Services LLC boosted its position in Bridgewater Bancshares by 42.7% during the first quarter. AlphaOne Investment Services LLC now owns 4,343 shares of the company’s stock valued at $45,000 after purchasing an additional 1,300 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Bridgewater Bancshares by 466.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock valued at $51,000 after purchasing an additional 4,037 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Bridgewater Bancshares during the fourth quarter valued at $89,000. Finally, JNBA Financial Advisors acquired a new stake in Bridgewater Bancshares during the second quarter valued at $104,000. 42.68% of the stock is owned by hedge funds and other institutional investors.

About Bridgewater Bancshares

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

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