Bridgewater Bancshares, Inc. (NASDAQ:BWB) Expected to Post Quarterly Sales of $30.71 Million

Wall Street analysts forecast that Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Rating) will announce sales of $30.71 million for the current quarter, according to Zacks. Two analysts have provided estimates for Bridgewater Bancshares’ earnings, with estimates ranging from $30.52 million to $30.90 million. Bridgewater Bancshares posted sales of $26.40 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Bridgewater Bancshares will report full-year sales of $129.28 million for the current fiscal year, with estimates ranging from $127.00 million to $131.55 million. For the next financial year, analysts expect that the firm will post sales of $147.71 million, with estimates ranging from $141.30 million to $154.11 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Bridgewater Bancshares.

Bridgewater Bancshares (NASDAQ:BWBGet Rating) last posted its earnings results on Thursday, January 27th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $30.44 million for the quarter, compared to analyst estimates of $30.73 million. Bridgewater Bancshares had a return on equity of 15.58% and a net margin of 34.05%.

A number of equities research analysts have issued reports on BWB shares. B. Riley reduced their price target on Bridgewater Bancshares from $23.00 to $21.00 in a research report on Tuesday, April 12th. Zacks Investment Research lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th.

In other Bridgewater Bancshares news, Director Mohammed Lawal acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 10th. The shares were acquired at an average price of $17.50 per share, for a total transaction of $175,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jerry J. Baack sold 4,166 shares of the stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $16.79, for a total value of $69,947.14. Following the completion of the transaction, the chief executive officer now owns 1,207,140 shares in the company, valued at approximately $20,267,880.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,498 shares of company stock worth $214,466. Company insiders own 21.97% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new position in Bridgewater Bancshares during the 1st quarter worth approximately $531,000. River Oaks Capital LLC grew its stake in Bridgewater Bancshares by 4.4% during the 1st quarter. River Oaks Capital LLC now owns 150,500 shares of the company’s stock worth $2,510,000 after buying an additional 6,390 shares during the last quarter. Barclays PLC grew its stake in Bridgewater Bancshares by 194.8% during the 4th quarter. Barclays PLC now owns 25,560 shares of the company’s stock worth $453,000 after buying an additional 16,889 shares during the last quarter. BlackRock Inc. grew its stake in Bridgewater Bancshares by 0.8% during the 4th quarter. BlackRock Inc. now owns 1,539,812 shares of the company’s stock worth $27,240,000 after buying an additional 11,917 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Bridgewater Bancshares by 18,395.3% during the 4th quarter. Wells Fargo & Company MN now owns 11,837 shares of the company’s stock worth $209,000 after buying an additional 11,773 shares during the last quarter. Hedge funds and other institutional investors own 48.79% of the company’s stock.

BWB stock opened at $16.46 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a market cap of $464.29 million, a price-to-earnings ratio of 10.71 and a beta of 0.73. The firm has a 50-day moving average of $16.92. Bridgewater Bancshares has a 1 year low of $15.22 and a 1 year high of $20.05.

About Bridgewater Bancshares (Get Rating)

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. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.

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

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