Bridgewater Bancshares, Inc. (NASDAQ:BWB) Expected to Report Earnings of $0.39 Per Share
Wall Street brokers expect Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Rating) to report earnings per share (EPS) of $0.39 for the current quarter, reports Zacks Investment Research. Two analysts have made earnings estimates for Bridgewater Bancshares, with the lowest EPS estimate being $0.38 and the highest estimate $0.40. Bridgewater Bancshares reported earnings per share of $0.37 in the same quarter last year, suggesting a positive year-over-year growth rate of 5.4%. The company is due to release its next quarterly results on Thursday, May 5.
On average, analysts expect Bridgewater Bancshares to report annual earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.70. For next year, analysts expect the company to post earnings of $1.83 per share, with EPS estimates ranging from $1.59 to $2.00. Zacks EPS calculations are an average average based on a survey of sell-side research firms that track Bridgewater Bancshares.
Bridgewater Bancshares (NASDAQ:BWB – Get Rating) last released quarterly earnings data on Thursday, January 27. The company reported earnings per share (EPS) of $0.39 for the quarter, hitting the consensus estimate of $0.39. Bridgewater Bancshares had a return on equity of 15.88% and a net margin of 34.05%.
BWB has been the subject of a number of research analyst reports. B. Riley raised his price target on Bridgewater Bancshares from $22.00 to $23.00 in a Wednesday, January 12 report. Zacks Investment Research upgraded Bridgewater Bancshares from a “hold” rating to a “buy” rating and set a price target of $19.00 for the company in a Tuesday, March 8 research report.
Separately, director Mohammed Lawal bought 10,000 shares in a transaction on Thursday, February 10. The shares were purchased at an average price of $17.50 per share, for a total transaction of $175,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, CEO Jerry J. Baack sold 4,166 shares of the company in a trade dated Wednesday, January 19. The stock was sold at an average price of $17.67, for a total value of $73,613.22. The disclosure of this sale can be found here. Insiders own 20.43% of the shares of the company.
A number of institutional investors have recently bought and sold shares of BWB. UBS Group AG increased its position in Bridgewater Bancshares by 128.4% during the third quarter. UBS Group AG now owns 1,898 shares of the company worth $33,000 after acquiring 1,067 additional shares in the last quarter. Citigroup Inc. increased its stake in Bridgewater Bancshares by 83.2% during the third quarter. Citigroup Inc. now owns 2,286 shares of the company worth $40,000 after purchasing an additional 1,038 shares during the period. Metropolitan Life Insurance Co NY increased its stake in Bridgewater Bancshares by 45,857.1% during the second quarter. Metropolitan Life Insurance Co NY now owns 3,217 shares of the company worth $52,000 after purchasing an additional 3,210 shares during the period. BNP Paribas Arbitrage SA increased its stake in Bridgewater Bancshares by 278.6% during the third quarter. BNP Paribas Arbitrage SA now owns 4,574 shares in the company worth $80,000 after purchasing an additional 3,366 shares during the period. Finally, MetLife Investment Management LLC increased its equity stake in Bridgewater Bancshares by 179.7% in the second quarter. MetLife Investment Management LLC now owns 8,285 shares of the company valued at $134,000 after purchasing an additional 5,323 shares during the period. 48.79% of the shares are held by hedge funds and other institutional investors.
Shares of NASDAQ BWB traded at $0.05 in Friday trading, hitting $17.09. The stock recorded trading volume of 43,052 shares, compared to an average trading volume of 37,218 shares. Bridgewater Bancshares has a one-year minimum of $15.22 and a one-year maximum of $20.05. The company has a debt ratio of 0.46, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $479.67 million, a PE ratio of 11.10 and a beta of 0.74. The company’s 50-day moving average price is $17.50 and its two-hundred-day moving average price is $17.40.
About Bridgewater Bancshares (Get an assessment)
Bridgewater Bancshares, Inc is a holding company that provides personal and corporate lending and depository services. It offers deposits, loans, professional services and business services. The company was founded by Jerry J. Baack and Jeffrey D. Shellberg in 2005 and is based in Bloomington, MN.
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