Bridgewater Bancshares (NASDAQ:BWB) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of Bridgewater Bancshares (NASDAQ:BWB) from a buy rating to a hold rating in a report released on Wednesday, 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 stock. ValuEngine raised shares of Bridgewater Bancshares from a strong sell rating to a sell rating in a research report on Thursday, April 2nd. B. Riley dropped their price target on shares of Bridgewater Bancshares from $16.00 to $13.00 and set a buy rating on the stock in a research report on Monday, April 13th. BidaskClub lowered shares of Bridgewater Bancshares from a hold rating to a sell rating in a research report on Thursday, May 14th. Finally, TheStreet lowered shares of Bridgewater Bancshares from a c- rating to a d+ rating in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Bridgewater Bancshares currently has a consensus rating of Hold and a consensus target price of $12.00.

Shares of BWB stock traded down $0.22 during trading on Wednesday, reaching $9.41. The company’s stock had a trading volume of 2,489 shares, compared to its average volume of 65,596. The business has a fifty day moving average price of $9.93 and a 200-day moving average price of $11.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.94. The company has a market cap of $295.33 million, a price-to-earnings ratio of 9.00 and a beta of 0.99. Bridgewater Bancshares has a one year low of $7.99 and a one year high of $13.90.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $21.82 million for the quarter, compared to analyst estimates of $20.32 million. Bridgewater Bancshares had a net margin of 28.45% and a return on equity of 13.29%. Research analysts anticipate that Bridgewater Bancshares will post 0.98 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in shares of Bridgewater Bancshares by 65.1% in the fourth quarter. Citigroup Inc. now owns 5,242 shares of the company’s stock valued at $72,000 after purchasing an additional 2,067 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Bridgewater Bancshares by 27.3% in the first quarter. BNP Paribas Arbitrage SA now owns 6,987 shares of the company’s stock valued at $68,000 after purchasing an additional 1,498 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Bridgewater Bancshares in the first quarter valued at $117,000. Spark Investment Management LLC acquired a new position in shares of Bridgewater Bancshares in the fourth quarter valued at $237,000. Finally, California Public Employees Retirement System acquired a new position in shares of Bridgewater Bancshares in the fourth quarter valued at $308,000. Hedge funds and other institutional investors own 46.23% 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.

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