Bridgewater Bancshares (BWB) Scheduled to Post Earnings on Wednesday

Bridgewater Bancshares (NASDAQ:BWB) is set to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Bridgewater Bancshares had a net margin of 14.27% and a return on equity of 9.51%. The business had revenue of $62.64 million for the quarter, compared to analysts’ expectations of $26.60 million. During the same quarter in the prior year, the firm 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 Trading Up 1.9 %

NASDAQ BWB opened at $15.19 on Wednesday. The stock has a market capitalization of $415.81 million, a P/E ratio of 13.44 and a beta of 0.68. Bridgewater Bancshares has a one year low of $8.00 and a one year high of $15.47. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day simple moving average of $13.84 and a 200 day simple moving average of $12.55.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BWB shares. DA Davidson lifted their price objective on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 26th. 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.

Insider Activity at Bridgewater Bancshares

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

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, 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.