Bridgewater Bancshares (NASDAQ:BWB) Releases Quarterly Earnings Results

Bridgewater Bancshares (NASDAQ:BWB) posted its earnings results on Wednesday. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02, Zacks reports. Bridgewater Bancshares had a net margin of 15.37% and a return on equity of 10.20%. The firm had revenue of $62.64 million for the quarter, compared to analysts’ expectations of $26.60 million. During the same quarter last year, the firm earned $0.31 EPS.

Bridgewater Bancshares Stock Performance

Shares of Bridgewater Bancshares stock traded up $0.69 during mid-day trading on Thursday, hitting $14.48. 147,583 shares of the stock were exchanged, compared to its average volume of 56,531. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $396.38 million, a P/E ratio of 12.81 and a beta of 0.69. The company has a 50-day simple moving average of $11.79 and a 200 day simple moving average of $11.89. Bridgewater Bancshares has a 12 month low of $8.00 and a 12 month high of $14.90.

Analysts Set New Price Targets

Separately, Piper Sandler reissued an “overweight” rating and set a $14.00 target price (down previously from $14.50) on shares of Bridgewater Bancshares in a research report on Friday, April 26th.

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.