Bridgewater Bancshares, Inc. (NASDAQ:BWB) to Post Q2 2024 Earnings of $0.25 Per Share, DA Davidson Forecasts

Bridgewater Bancshares, Inc. (NASDAQ:BWB) – Analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Bridgewater Bancshares in a research note issued to investors on Friday, April 26th. DA Davidson analyst J. Rulis anticipates that the company will earn $0.25 per share for the quarter. DA Davidson currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Bridgewater Bancshares’ current full-year earnings is $1.10 per share. DA Davidson also issued estimates for Bridgewater Bancshares’ FY2025 earnings at $1.20 EPS.

BWB has been the topic of several other reports. TheStreet downgraded shares of Bridgewater Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 11th. Hovde Group started coverage on shares of Bridgewater Bancshares in a research report on Monday, March 4th. They issued an “outperform” rating on the stock. Finally, Piper Sandler restated an “overweight” rating and set a $14.00 price target (down from $14.50) on shares of Bridgewater Bancshares in a research report on Friday.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB opened at $11.75 on Monday. Bridgewater Bancshares has a 1-year low of $7.90 and a 1-year high of $14.43. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day moving average of $11.61 and a 200 day moving average of $11.50. The company has a market capitalization of $325.59 million, a price-to-earnings ratio of 10.40 and a beta of 0.65.

Insiders Place Their Bets

In related news, CEO Jerry J. Baack sold 15,687 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $13.11, for a total transaction of $205,656.57. Following the completion of the sale, the chief executive officer now directly owns 1,237,351 shares in the company, valued at approximately $16,221,671.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Bridgewater Bancshares news, Director James S. Johnson sold 12,590 shares of the company’s stock in a transaction that occurred on 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 owns 94,063 shares of the company’s stock, valued at approximately $1,093,012.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jerry J. Baack sold 15,687 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.11, for a total value of $205,656.57. Following the completion of the sale, the chief executive officer now owns 1,237,351 shares of the company’s stock, valued at approximately $16,221,671.61. The disclosure for this sale can be found here. Insiders own 23.21% of the company’s stock.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds have recently made changes to their positions in BWB. New York State Common Retirement Fund raised its stake in Bridgewater Bancshares by 28.4% in the fourth quarter. New York State Common Retirement Fund now owns 4,074 shares of the company’s stock worth $55,000 after buying an additional 900 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Bridgewater Bancshares by 300.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,861 shares of the company’s stock worth $79,000 after acquiring an additional 4,396 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Bridgewater Bancshares in the 4th quarter valued at approximately $157,000. Strs Ohio boosted its position in shares of Bridgewater Bancshares by 212.4% during the third quarter. Strs Ohio now owns 32,800 shares of the company’s stock valued at $310,000 after purchasing an additional 22,300 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Bridgewater Bancshares in the fourth quarter worth $406,000. 65.83% 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, 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.