Bridgewater Bancshares (BWB) Set to Announce Quarterly Earnings on Wednesday

Bridgewater Bancshares (NASDAQ:BWB) will be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Bridgewater Bancshares to post earnings of $0.25 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Wednesday, July 24th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $62.64 million for the quarter, compared to analyst estimates of $26.60 million. Bridgewater Bancshares had a return on equity of 9.51% and a net margin of 14.27%. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, analysts expect Bridgewater Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bridgewater Bancshares Stock Down 1.1 %

Shares of NASDAQ BWB opened at $15.45 on Monday. The business has a 50-day moving average of $13.99 and a two-hundred day moving average of $12.63. The company has a market capitalization of $422.93 million, a price-to-earnings ratio of 13.67 and a beta of 0.68. Bridgewater Bancshares has a 1 year low of $8.00 and a 1 year high of $15.66. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 1.02.

Insiders Place Their Bets

In related news, CEO Jerry J. Baack sold 11,500 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.15, for a total value of $162,725.00. Following the completion of the sale, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 5,000 shares of Bridgewater Bancshares stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total value of $70,550.00. Following the transaction, the director now directly owns 102,072 shares in the company, valued at approximately $1,440,235.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jerry J. Baack sold 11,500 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total transaction of $162,725.00. Following the completion of the sale, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BWB. Piper Sandler boosted their target price on Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. DA Davidson raised their price objective on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 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.