DA Davidson Boosts Bridgewater Bancshares (NASDAQ:BWB) Price Target to $17.00

Bridgewater Bancshares (NASDAQ:BWB) had its price target increased by DA Davidson from $14.00 to $17.00 in a report issued on Friday, Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for Bridgewater Bancshares’ Q3 2024 earnings at $0.25 EPS and FY2025 earnings at $1.15 EPS.

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

Bridgewater Bancshares Stock Down 3.3 %

BWB stock opened at $13.92 on Friday. The firm has a market cap of $380.99 million, a PE ratio of 12.32 and a beta of 0.69. Bridgewater Bancshares has a 1 year low of $8.00 and a 1 year high of $14.90. The company has a fifty day simple moving average of $11.87 and a 200 day simple moving average of $11.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.08.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $62.64 million during the quarter, compared to analysts’ expectations of $26.60 million. Bridgewater Bancshares had a return on equity of 9.61% and a net margin of 14.27%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Sell-side analysts anticipate that Bridgewater Bancshares will post 1 EPS for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund grew its holdings in shares of Bridgewater Bancshares by 28.4% during the 4th quarter. New York State Common Retirement Fund now owns 4,074 shares of the company’s stock worth $55,000 after purchasing an additional 900 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Bridgewater Bancshares by 300.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,861 shares of the company’s stock worth $79,000 after acquiring an additional 4,396 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Bridgewater Bancshares by 100.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock valued at $119,000 after acquiring an additional 5,128 shares in the last quarter. SG Americas Securities LLC acquired a new position in Bridgewater Bancshares in the fourth quarter worth about $157,000. Finally, Empowered Funds LLC acquired a new position in Bridgewater Bancshares in the first quarter worth about $170,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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.