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

Bridgewater Bancshares (NASDAQ:BWB) announced its quarterly earnings data on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02, Zacks reports. Bridgewater Bancshares had a net margin of 14.27% and a return on equity of 9.61%. The company had revenue of $62.64 million during the quarter, compared to analysts’ expectations of $26.60 million. During the same quarter in the prior year, the company posted $0.31 EPS.

Bridgewater Bancshares Stock Performance

Shares of BWB traded up $0.20 during midday trading on Friday, reaching $14.68. 1,990 shares of the stock were exchanged, compared to its average volume of 56,150. The company has a market cap of $401.79 million, a P/E ratio of 12.81 and a beta of 0.69. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.08. The stock’s 50 day simple moving average is $11.79 and its 200 day simple moving average is $11.89. Bridgewater Bancshares has a twelve month low of $8.00 and a twelve month high of $14.90.

Analysts Set New Price Targets

Separately, Piper Sandler reissued an “overweight” rating and set a $14.00 price objective (down previously from $14.50) on shares of Bridgewater Bancshares in a report on Friday, April 26th.

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, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.