Shares of Bridgewater Bancshares Inc (NASDAQ:BWB) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price objective of $14.50 for the company and are predicting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given Bridgewater Bancshares an industry rank of 161 out of 256 based on the ratings given to related companies.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Bridgewater Bancshares from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Monday, July 29th. TheStreet raised Bridgewater Bancshares from a “d+” rating to a “c-” rating in a research note on Monday, June 10th. Finally, DA Davidson reissued a “buy” rating on shares of Bridgewater Bancshares in a research note on Friday, July 26th.

Shares of BWB stock traded up $0.31 during trading on Friday, reaching $11.72. The company had a trading volume of 54,375 shares, compared to its average volume of 65,531. The firm’s 50 day simple moving average is $11.58 and its two-hundred day simple moving average is $11.12. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.07 and a quick ratio of 1.07. Bridgewater Bancshares has a one year low of $9.30 and a one year high of $13.50. The company has a market capitalization of $328.28 million, a PE ratio of 12.88, a PEG ratio of 0.74 and a beta of 0.93.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Bridgewater Bancshares had a return on equity of 13.11% and a net margin of 29.44%. The business had revenue of $19.27 million for the quarter, compared to the consensus estimate of $18.55 million. Analysts forecast that Bridgewater Bancshares will post 1.02 earnings per share for the current year.

Several hedge funds have recently modified their holdings of BWB. Stieven Capital Advisors L.P. bought a new position in Bridgewater Bancshares in the 2nd quarter worth approximately $1,665,000. Geode Capital Management LLC increased its position in Bridgewater Bancshares by 123.5% in the 4th quarter. Geode Capital Management LLC now owns 138,829 shares of the company’s stock worth $1,464,000 after buying an additional 76,708 shares during the period. Eidelman Virant Capital increased its position in Bridgewater Bancshares by 42.9% in the 2nd quarter. Eidelman Virant Capital now owns 82,230 shares of the company’s stock worth $948,000 after buying an additional 24,680 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in Bridgewater Bancshares in the 4th quarter worth approximately $89,000. Finally, Bank of America Corp DE increased its position in Bridgewater Bancshares by 7.1% in the 4th quarter. Bank of America Corp DE now owns 149,976 shares of the company’s stock worth $1,582,000 after buying an additional 9,884 shares during the period. 46.71% 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, 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.

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