Bridgewater Bancshares (NASDAQ:BWB) Posts Earnings Results, Beats Estimates By $0.02 EPS

Bridgewater Bancshares (NASDAQ:BWB) issued its earnings results on Tuesday. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02, FiscalAI reports. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. The company had revenue of $43.23 million during the quarter, compared to the consensus estimate of $43.20 million.

Bridgewater Bancshares Stock Performance

Shares of BWB stock opened at $20.61 on Wednesday. The firm has a market capitalization of $574.61 million, a PE ratio of 11.20 and a beta of 0.63. The firm has a fifty day simple moving average of $21.04 and a two-hundred day simple moving average of $20.20. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. Bridgewater Bancshares has a 12 month low of $16.06 and a 12 month high of $22.62.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Bridgewater Bancshares in a research note on Monday, September 14th. Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Thursday, August 6th. Finally, Piper Sandler raised their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $23.67.

Insider Buying and Selling at Bridgewater Bancshares

In other news, CEO Jerry J. Baack sold 15,900 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $20.80, for a total transaction of $330,720.00. Following the completion of the sale, the chief executive officer directly owned 1,170,103 shares of the company’s stock, valued at $24,338,142.40. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey D. Shellberg sold 160,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $21.04, for a total transaction of $3,366,400.00. Following the sale, the director directly owned 106,187 shares of the company’s stock, valued at approximately $2,234,174.48. The trade was a 60.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 319,726 shares of company stock valued at $6,800,586 over the last ninety days. 23.10% of the stock is currently owned by corporate insiders.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a community-focused commercial bank headquartered in St. Louis Park, Minnesota. Founded in 2005, the company serves businesses, real estate professionals, entrepreneurs and individuals primarily in the Minneapolis–St. Paul metropolitan area and surrounding markets.

Bridgewater Bank provides commercial and consumer banking products, including commercial real estate loans, commercial and industrial financing, residential real estate lending, construction and development loans, personal and business deposit accounts, cash-management services and online banking.