Bridgewater Bancshares Inc reports results for the quarter ended March 31 - Earnings Summary

• Bridgewater Bancshares Inc BWB.OQ reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of three analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 28 cents to 30 cents per share.

• Revenue rose 23.3% to $32.29 million from a year ago; analysts expected $31.10 million.

• Bridgewater Bancshares Inc's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $8.62 million.

• Bridgewater Bancshares Inc shares had fallen by 2.7% this quarter and held steady so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Bridgewater Bancshares Inc is $17.00

This summary was machine generated from LSEG data April 24 at 07:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)