Bridgewater Bancshares (NASDAQ:BWB) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Bridgewater Bancshares (NASDAQ:BWB) from a sell rating to a hold rating in a research report sent to investors on Monday, 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. “

Other analysts have also issued reports about the company. ValuEngine upgraded Bridgewater Bancshares from a sell rating to a hold rating in a research report on Wednesday, October 2nd. DA Davidson reiterated a buy rating on shares of Bridgewater Bancshares in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $14.00.

Shares of NASDAQ:BWB opened at $12.08 on Monday. The business has a fifty day moving average of $11.70 and a 200-day moving average of $11.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $349.61 million, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.80 and a beta of 0.98. Bridgewater Bancshares has a twelve month low of $9.30 and a twelve month high of $12.95.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. The firm had revenue of $19.27 million during the quarter, compared to analyst estimates of $18.55 million. Bridgewater Bancshares had a return on equity of 13.11% and a net margin of 29.44%. On average, analysts anticipate that Bridgewater Bancshares will post 1.01 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. JNBA Financial Advisors acquired a new position in shares of Bridgewater Bancshares during the 2nd quarter worth about $104,000. Parametric Portfolio Associates LLC grew its position in shares of Bridgewater Bancshares by 46.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 16,865 shares of the company’s stock worth $195,000 after buying an additional 5,385 shares during the period. AlphaOne Investment Services LLC grew its position in shares of Bridgewater Bancshares by 526.2% during the 2nd quarter. AlphaOne Investment Services LLC now owns 27,194 shares of the company’s stock worth $314,000 after buying an additional 22,851 shares during the period. Mesirow Financial Investment Management Inc. grew its position in shares of Bridgewater Bancshares by 12.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 61,466 shares of the company’s stock worth $716,000 after buying an additional 6,636 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Bridgewater Bancshares by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,631 shares of the company’s stock worth $861,000 after buying an additional 2,390 shares during the period. Institutional investors own 44.92% of the company’s stock.

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 demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

Further Reading: Support Level

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