Bridgewater Bancshares (BWB) to Release Earnings on Wednesday

Bridgewater Bancshares (NASDAQ:BWB) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The firm had revenue of $26.72 million for the quarter, compared to the consensus estimate of $26.70 million. Bridgewater Bancshares had a return on equity of 11.53% and a net margin of 17.46%. On average, analysts expect Bridgewater Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bridgewater Bancshares Price Performance

BWB stock opened at $11.16 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $309.24 million, a PE ratio of 8.86 and a beta of 0.65. Bridgewater Bancshares has a 12-month low of $7.90 and a 12-month high of $14.43. The business’s fifty day moving average price is $11.65 and its 200 day moving average price is $11.38.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BWB shares. Piper Sandler reiterated an “overweight” rating and issued a $15.50 price objective on shares of Bridgewater Bancshares in a report on Wednesday, January 17th. Hovde Group initiated coverage on Bridgewater Bancshares in a report on Monday, March 4th. They issued an “outperform” rating on the stock. DA Davidson upped their price target on Bridgewater Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, TheStreet downgraded Bridgewater Bancshares from a “b-” rating to a “c+” rating in a report on Monday, March 11th.

Insiders Place Their Bets

In other Bridgewater Bancshares news, Director James S. Johnson sold 12,590 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.62, for a total transaction of $146,295.80. Following the sale, the director now owns 94,063 shares in the company, valued at approximately $1,093,012.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director James S. Johnson sold 12,590 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.62, for a total transaction of $146,295.80. Following the completion of the transaction, the director now directly owns 94,063 shares of the company’s stock, valued at approximately $1,093,012.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jerry J. Baack sold 15,687 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.11, for a total value of $205,656.57. Following the transaction, the chief executive officer now directly owns 1,237,351 shares of the company’s stock, valued at $16,221,671.61. The disclosure for this sale can be found here. 23.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its position in shares of Bridgewater Bancshares by 282.1% in the 4th quarter. Legal & General Group Plc now owns 7,309 shares of the company’s stock valued at $130,000 after purchasing an additional 5,396 shares during the period. UBS Group AG acquired a new stake in shares of Bridgewater Bancshares in the 4th quarter valued at about $124,000. Barclays PLC boosted its position in shares of Bridgewater Bancshares by 87.0% in the 1st quarter. Barclays PLC now owns 10,214 shares of the company’s stock valued at $111,000 after purchasing an additional 4,751 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Bridgewater Bancshares in the 2nd quarter valued at about $110,000. Finally, Sei Investments Co. acquired a new stake in shares of Bridgewater Bancshares in the 2nd quarter valued at about $110,000. 65.83% of the stock is owned by institutional investors and hedge funds.

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, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.