DA Davidson Has Positive Forecast for BWB FY2025 Earnings

Key Points

• DA Davidson has raised its FY2025 earnings per share (EPS) estimate for Bridgewater Bancshares from $1.48 to $1.49 and maintains a "Buy" rating with a price target of $20.00.
• Bridgewater Bancshares recently reported quarterly earnings of $0.37 EPS, exceeding analysts' expectations, with revenue of $35.61 million for the quarter.
• Institutional investors hold 65.83% of Bridgewater Bancshares' stock, indicating strong interest in the company, while insider selling has occurred with significant stakes being sold by both the CEO and a director.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) - DA Davidson raised their FY2025 EPS estimates for Bridgewater Bancshares in a report issued on Friday, September 26th. DA Davidson analyst J. Rulis now expects that the company will post earnings per share of $1.49 for the year, up from their prior estimate of $1.48. DA Davidson has a "Buy" rating and a $20.00 price target on the stock. The consensus estimate for Bridgewater Bancshares' current full-year earnings is $1.38 per share. DA Davidson also issued estimates for Bridgewater Bancshares' FY2026 earnings at $1.71 EPS.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $35.61 million for the quarter, compared to analyst estimates of $32.03 million. Bridgewater Bancshares had a return on equity of 9.73% and a net margin of 14.03%.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Bridgewater Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Piper Sandler boosted their price target on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.00.

Bridgewater Bancshares Trading Up 0.4%

BWB opened at $17.18 on Monday. The company's 50 day moving average is $16.26 and its 200-day moving average is $15.31. The company has a market cap of $472.11 million, a P/E ratio of 14.08 and a beta of 0.58. Bridgewater Bancshares has a 1-year low of $11.93 and a 1-year high of $18.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.25.

Institutional Investors Weigh In On Bridgewater Bancshares

Large investors have recently added to or reduced their stakes in the company. CSM Advisors LLC bought a new position in shares of Bridgewater Bancshares during the second quarter valued at about $2,973,000. Curi Capital LLC bought a new position in Bridgewater Bancshares during the 2nd quarter valued at approximately $2,029,000. Mendon Capital Advisors Corp purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth approximately $2,029,000. Los Angeles Capital Management LLC bought a new stake in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $2,015,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Bridgewater Bancshares by 87.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company's stock valued at $3,461,000 after acquiring an additional 101,628 shares in the last quarter. Institutional investors own 65.83% of the company's stock.

Insider Activity

In related news, CEO Jerry J. Baack sold 20,000 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $16.02, for a total transaction of $320,400.00. Following the transaction, the chief executive officer directly owned 1,224,361 shares of the company's stock, valued at approximately $19,614,263.22. This trade represents a 1.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas P. Trutna sold 6,152 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $16.40, for a total transaction of $100,892.80. Following the completion of the sale, the director owned 94,496 shares of the company's stock, valued at approximately $1,549,734.40. The trade was a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 94,298 shares of company stock worth $1,508,238. 23.27% of the stock is currently owned by 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.

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