Q3 2022 Earnings Forecast for Bridgewater Bancshares, Inc. (NASDAQ:BWB) Issued By B. Riley

Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Rating) – Equities researchers at B. Riley cut their Q3 2022 earnings per share (EPS) estimates for Bridgewater Bancshares in a report released on Tuesday, August 2nd. B. Riley analyst S. Moss now forecasts that the company will post earnings of $0.46 per share for the quarter, down from their prior forecast of $0.48. The consensus estimate for Bridgewater Bancshares’ current full-year earnings is $1.72 per share. B. Riley also issued estimates for Bridgewater Bancshares’ FY2022 earnings at $1.70 EPS and Q1 2023 earnings at $0.41 EPS.

Bridgewater Bancshares Trading Up 0.6 %

BWB stock opened at $17.14 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 0.99. The company’s 50-day simple moving average is $16.34 and its 200 day simple moving average is $16.64. Bridgewater Bancshares has a 52 week low of $14.97 and a 52 week high of $20.05. The company has a market capitalization of $479.49 million, a PE ratio of 10.78 and a beta of 0.68.

Bridgewater Bancshares (NASDAQ:BWBGet Rating) last announced its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Bridgewater Bancshares had a net margin of 33.06% and a return on equity of 15.72%.

Insider Activity at Bridgewater Bancshares

In related news, CEO Jerry J. Baack sold 4,166 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $16.64, for a total value of $69,322.24. Following the transaction, the chief executive officer now directly owns 1,194,642 shares in the company, valued at $19,878,842.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its position in Bridgewater Bancshares by 82.5% during the second quarter. US Bancorp DE now owns 2,442 shares of the company’s stock worth $39,000 after purchasing an additional 1,104 shares during the period. Amalgamated Bank bought a new position in shares of Bridgewater Bancshares in the first quarter worth about $46,000. SG Americas Securities LLC bought a new position in shares of Bridgewater Bancshares in the second quarter worth about $117,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Bridgewater Bancshares by 79.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 8,217 shares of the company’s stock worth $145,000 after acquiring an additional 3,643 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Bridgewater Bancshares in the first quarter worth about $173,000. Institutional investors own 48.68% of the company’s stock.

About Bridgewater Bancshares

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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. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.

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Earnings History and Estimates for Bridgewater Bancshares (NASDAQ:BWB)

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