Equities researchers at B. Riley assumed coverage on shares of Bridgewater Bancshares (NASDAQ:BWB) in a research note issued to investors on Friday, MarketBeat reports. The firm set a “buy” rating and a $14.00 price target on the stock. B. Riley’s target price suggests a potential upside of 23.89% from the company’s current price.

Separately, ValuEngine downgraded shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.63.

NASDAQ:BWB opened at $11.30 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.04. Bridgewater Bancshares has a one year low of $9.30 and a one year high of $13.87. The company has a market cap of $328.66 million and a P/E ratio of 12.42.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Thursday, January 24th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Bridgewater Bancshares had a net margin of 30.67% and a return on equity of 13.11%. The business had revenue of $18.30 million for the quarter, compared to the consensus estimate of $17.60 million. On average, analysts expect that Bridgewater Bancshares will post 1.05 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its holdings in Bridgewater Bancshares by 392.7% during the 4th quarter. Legal & General Group Plc now owns 3,636 shares of the company’s stock worth $38,000 after purchasing an additional 2,898 shares during the last quarter. Citigroup Inc. raised its holdings in Bridgewater Bancshares by 333.9% during the 4th quarter. Citigroup Inc. now owns 5,867 shares of the company’s stock worth $62,000 after purchasing an additional 4,515 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Bridgewater Bancshares during the 4th quarter worth approximately $89,000. MetLife Investment Advisors LLC bought a new position in Bridgewater Bancshares during the 4th quarter worth approximately $122,000. Finally, Private Advisor Group LLC bought a new position in Bridgewater Bancshares during the 3rd quarter worth approximately $163,000. Hedge funds and other institutional investors own 41.21% 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 saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.

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