Bridgewater Bancshares (NASDAQ:BWB) Given New $17.00 Price Target at DA Davidson

Bridgewater Bancshares (NASDAQ:BWB) had its price objective lifted by DA Davidson from $14.00 to $17.00 in a report published on Friday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Bridgewater Bancshares’ Q3 2024 earnings at $0.25 EPS and FY2025 earnings at $1.15 EPS.

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

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $14.40 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $11.83 and its 200 day moving average price is $11.90. Bridgewater Bancshares has a 52 week low of $8.00 and a 52 week high of $14.90. The stock has a market cap of $394.13 million, a price-to-earnings ratio of 12.74 and a beta of 0.69.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Bridgewater Bancshares had a net margin of 14.27% and a return on equity of 9.61%. The business had revenue of $62.64 million for the quarter, compared to analyst estimates of $26.60 million. During the same period in the prior year, the business earned $0.31 earnings per share. As a group, research analysts forecast that Bridgewater Bancshares will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in BWB. New York State Common Retirement Fund boosted its position in shares of 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 acquiring an additional 900 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Bridgewater Bancshares by 300.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,861 shares of the company’s stock worth $79,000 after purchasing an additional 4,396 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Bridgewater Bancshares by 100.4% in the 1st quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock valued at $119,000 after purchasing an additional 5,128 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Bridgewater Bancshares during the 4th quarter valued at $157,000. Finally, Empowered Funds LLC acquired a new stake in shares of Bridgewater Bancshares during the 1st quarter worth $170,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

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.