Zacks: Analysts Set $14.50 Target Price for Bridgewater Bancshares Inc (NASDAQ:BWB)

Shares of Bridgewater Bancshares Inc (NASDAQ:BWB) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price objective of $14.50 for the company and are predicting that the company will post $0.27 EPS for the current quarter, according to Zacks. Zacks has also assigned Bridgewater Bancshares an industry rank of 144 out of 255 based on the ratings given to its competitors.

A number of analysts have commented on the company. DA Davidson reiterated a “buy” rating on shares of Bridgewater Bancshares in a research report on Friday, July 26th. ValuEngine downgraded Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research upgraded Bridgewater Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday.

Several hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $32,000. JNBA Financial Advisors acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $104,000. Russell Investments Group Ltd. acquired a new position in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $114,000. Envestnet Asset Management Inc. acquired a new position in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $124,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $159,000. Institutional investors own 44.90% of the company’s stock.

Shares of NASDAQ:BWB opened at $12.51 on Wednesday. The business has a 50 day moving average price of $12.08 and a 200 day moving average price of $11.45. Bridgewater Bancshares has a twelve month low of $9.30 and a twelve month high of $12.70. The company has a market cap of $363.16 million, a price-to-earnings ratio of 13.75, a PEG ratio of 0.82 and a beta of 0.98. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.73.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, October 24th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Bridgewater Bancshares had a return on equity of 13.46% and a net margin of 29.44%. The firm had revenue of $19.88 million during the quarter, compared to the consensus estimate of $19.54 million. Analysts anticipate that Bridgewater Bancshares will post 1.02 EPS for the current year.

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, 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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