$0.24 EPS Expected for Bridgewater Bancshares Inc (NASDAQ:BWB) This Quarter

Analysts expect that Bridgewater Bancshares Inc (NASDAQ:BWB) will report earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bridgewater Bancshares’ earnings. Bridgewater Bancshares posted earnings of $0.22 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to issue its next earnings report on Thursday, July 25th.

On average, analysts expect that Bridgewater Bancshares will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.97 to $1.01. For the next fiscal year, analysts anticipate that the business will post earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Bridgewater Bancshares.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, April 25th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Bridgewater Bancshares had a return on equity of 12.88% and a net margin of 29.91%. The business had revenue of $17.77 million for the quarter, compared to analyst estimates of $18.30 million.

Several analysts have issued reports on the company. TheStreet cut Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday, June 10th. Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Finally, DA Davidson restated a “neutral” rating on shares of IDEX in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWB. Legal & General Group Plc grew its holdings in shares of Bridgewater Bancshares by 392.7% during the 4th quarter. Legal & General Group Plc now owns 3,636 shares of the company’s stock worth $38,000 after purchasing an additional 2,898 shares during the period. AlphaOne Investment Services LLC grew its holdings in shares of Bridgewater Bancshares by 42.7% during the 1st quarter. AlphaOne Investment Services LLC now owns 4,343 shares of the company’s stock worth $45,000 after purchasing an additional 1,300 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Bridgewater Bancshares by 466.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock worth $51,000 after purchasing an additional 4,037 shares during the period. Citigroup Inc. grew its holdings in shares of Bridgewater Bancshares by 333.9% during the 4th quarter. Citigroup Inc. now owns 5,867 shares of the company’s stock worth $62,000 after purchasing an additional 4,515 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new position in Bridgewater Bancshares during the 4th quarter valued at about $89,000. Institutional investors and hedge funds own 41.34% of the company’s stock.

NASDAQ BWB traded up $0.08 during mid-day trading on Friday, hitting $11.43. The stock had a trading volume of 8,025 shares, compared to its average volume of 82,521. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day moving average is $11.35. The company has a market capitalization of $345.50 million, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93. Bridgewater Bancshares has a twelve month low of $9.30 and a twelve month high of $13.50.

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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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Earnings History and Estimates for Bridgewater Bancshares (NASDAQ:BWB)

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