Analysts Anticipate Bridgewater Bancshares Inc (BWB) to Announce $0.25 EPS

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Equities analysts expect that Bridgewater Bancshares Inc (NASDAQ:BWB) will post earnings per share of $0.25 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bridgewater Bancshares’ earnings, with estimates ranging from $0.24 to $0.25. Bridgewater Bancshares reported earnings of $0.23 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The business is expected to announce its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that Bridgewater Bancshares will report full year earnings of $1.05 per share for the current financial year. For the next year, analysts anticipate that the business will post earnings of $1.19 per share, with EPS estimates ranging from $1.17 to $1.20. Zacks’ EPS calculations are an average based on a survey of research firms that cover Bridgewater Bancshares.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, January 24th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Bridgewater Bancshares had a net margin of 30.67% and a return on equity of 12.87%. The business had revenue of $18.30 million for the quarter, compared to the consensus estimate of $17.60 million.

Several research analysts have issued reports on BWB shares. ValuEngine upgraded shares of Bridgewater Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Finally, B. Riley started coverage on shares of Bridgewater Bancshares in a report on Friday, March 15th. They set a “buy” rating and a $14.00 target price on the stock.

Several large investors have recently added to or reduced their stakes in BWB. EJF Capital LLC lifted its stake in shares of Bridgewater Bancshares by 71.7% in the 4th quarter. EJF Capital LLC now owns 2,260,193 shares of the company’s stock valued at $23,845,000 after purchasing an additional 943,642 shares in the last quarter. FMR LLC raised its position in shares of Bridgewater Bancshares by 16.7% in the fourth quarter. FMR LLC now owns 1,743,761 shares of the company’s stock valued at $18,397,000 after buying an additional 249,626 shares in the last quarter. BlackRock Inc. raised its position in shares of Bridgewater Bancshares by 259.7% in the fourth quarter. BlackRock Inc. now owns 1,236,080 shares of the company’s stock valued at $13,041,000 after buying an additional 892,420 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of Bridgewater Bancshares by 0.7% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 728,202 shares of the company’s stock valued at $7,683,000 after buying an additional 5,306 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Bridgewater Bancshares by 6.2% in the third quarter. Alliancebernstein L.P. now owns 297,620 shares of the company’s stock valued at $3,875,000 after buying an additional 17,415 shares in the last quarter. Institutional investors and hedge funds own 41.17% of the company’s stock.

Shares of Bridgewater Bancshares stock opened at $10.34 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.67. Bridgewater Bancshares has a 1 year low of $9.30 and a 1 year high of $13.56. The stock has a market cap of $311.23 million and a price-to-earnings ratio of 11.36.

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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