Zacks Investment Research upgraded shares of Bridgewater Bancshares (NASDAQ:BWB) from a sell rating to a hold rating in a report released on Monday morning, Zacks.com reports.

According to Zacks, “Bridgewater Bancshares Inc. operates as a holding company for Bridgewater Bank which provides personal and commercial banking products and services to commercial real estate investors, small business entrepreneurs and high-net-worth individuals. The company offers checking, savings, money market savings, certificates of deposit accounts; bridge, home equity, residential interim construction, lot, construction, commercial real estate, long term multi-family, working capital, letters of credit and executive lines of credit options and debit and credit cards. Bridgewater Bancshares Inc. is headquartered in Bloomington, Minnesota. “

A number of other equities analysts have also recently weighed in on BWB. ValuEngine raised Bridgewater Bancshares from a sell rating to a hold rating in a report on Wednesday, January 2nd. B. Riley started coverage on Bridgewater Bancshares in a report on Friday, March 15th. They issued a buy rating and a $14.00 price target for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $14.63.

Shares of BWB stock opened at $10.38 on Monday. The stock has a market capitalization of $311.80 million and a PE ratio of 11.41. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.67. Bridgewater Bancshares has a 52-week low of $9.30 and a 52-week high of $13.87.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $17.60 million. Bridgewater Bancshares had a return on equity of 12.87% and a net margin of 30.67%. As a group, equities research analysts expect that Bridgewater Bancshares will post 1.05 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWB. Northern Trust Corp acquired a new position in Bridgewater Bancshares in the 2nd quarter worth about $683,000. Russell Investments Group Ltd. raised its holdings in shares of Bridgewater Bancshares by 98.2% during the third quarter. Russell Investments Group Ltd. now owns 47,006 shares of the company’s stock valued at $612,000 after acquiring an additional 23,290 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Bridgewater Bancshares during the third quarter valued at approximately $163,000. Alliancebernstein L.P. raised its holdings in shares of Bridgewater Bancshares by 6.2% during the third quarter. Alliancebernstein L.P. now owns 297,620 shares of the company’s stock valued at $3,875,000 after acquiring an additional 17,415 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Bridgewater Bancshares by 2.1% during the third quarter. BlackRock Inc. now owns 343,660 shares of the company’s stock valued at $4,475,000 after acquiring an additional 7,044 shares during the last quarter. 41.17% of the stock is owned by institutional investors.

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 saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.

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